In 2023, the employment in the electrical equipment repair sector in the UK stood at a certain level, and by 2024, it is forecasted to be at 5.04 thousand employees. Over the period from 2024 to 2028, employment is projected to decline consistently. The yearly percentage decrease is as follows: 2025 forecast shows a 3.57% decline, 2026 a 3.50% decline, 2027 decreases by 3.62%, and by 2028, the decline reaches 3.76%. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 suggests an average annual decrease of approximately 3.61%.
Future trends to watch for in this sector include:
- Increased automation which could further diminish human repair job roles.
- Growth in sustainable technologies that may shift demand in repair skills.
- Potential policy shifts pushing for upskilling in green technologies, impacting job structures.
- Technological advances leading to more repair-resistant equipment.