The number of employees in the UK's repair of electrical equipment sector is forecasted to decline steadily from 4.84 thousand in 2024 to 4.18 thousand by 2028. This represents a year-on-year decrease of approximately 3.5% from 2024 to 2025 and 2025 to 2026, followed by a decline of about 3.6% from 2026 to 2027, and 3.7% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 suggests an average decrease of around 3.6% per year.
Future trends to watch for:
- Technological advancements may influence demand for skilled labor in repairs.
- Potential automation of repair processes could further impact workforce needs.
- Evolving regulations and environmental considerations might affect operational practices and employment levels.