In 2024, the production in the UK’s manufacture of engines and turbines (excluding aircraft, vehicle and cycle engines) is forecasted to reach 6.24 billion pounds. From 2023, this reflects a steady growth trajectory with a year-on-year increase averaging 0.47% to 2028. The cumulative growth rate (CAGR) from 2024 to 2028 is expected around 0.45%, showcasing a relatively stable production output.
Future trends to watch for:
- Technological advancements driving production efficiency in the sector.
- Potential fluctuations in demand from emerging markets could impact growth.
- Sustainability trends influencing manufacturing processes and materials.
- Geopolitical and economic factors affecting trade and supply chains.
