The number of employees in the transportation and warehousing sector in the UK has steadily increased from 1.09 million in 2013 to 1.31 million in 2023. The data shows a generally positive trend with some variations in growth rates throughout the years. Over the last two years, from 2022 to 2023, the year-on-year variations were 0.91% and 0.88%, respectively. The average annual growth rate over the last five years (CAGR) from 2018 to 2023 was 1.21%.
Projected data indicates a continuous upward trend with the employee count expected to reach 1.36 million by 2028. This results in a forecasted average annual growth rate (CAGR) of 0.64% over the next five years, with a total growth rate of 3.23% from 2024 to 2028.
Future Trends to Watch For:
- Technological advancements and automation affecting workforce demand.
- Impact of environmental regulations on transportation and warehousing operations.
- Potential influence of geopolitical developments and trade policies on the sector.
- Ongoing digitalization and shift towards e-commerce driving growth in warehousing.