In 2023, the number of persons employed in the UK's textile, apparel, and leather machinery sector stood at 1.07 thousand employees. Looking at the forecasted data from 2024 to 2028, the sector is expected to experience a gradual decline in employment figures. From 2024 to 2025, employment is projected to drop by approximately 2.88%. This downward trend continues with a 2.38% decrease in 2026, a 2.54% reduction in 2027, and a further 2.50% drop in 2028, resulting in a compound annual growth rate (CAGR) of -2.73% over these five years.
Future trends to watch for include technological advancements and automation, which may further impact employment levels. Additionally, shifts in global trade policies and demand for sustainable practices could influence the industry's employment dynamics.
