In 2023, wages and salaries in the UK floating structures building and shipbuilding industry stood at 1.29 billion Euros. The forecast for 2024 to 2028 indicates a consistent growth trend, with annual increases. Specifically, the projected growth is at 1.51% in 2025, followed by a 2.24% rise in 2026, a 1.46% increase in 2027, and a 2.16% hike in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated to be around 1.95%.
Future trends to watch for:
- Technological advancements driving efficiencies and potentially higher wages.
- Global economic shifts impacting shipbuilding demand.
- Regulatory changes influencing operational costs and remuneration policies.
