In 2024, the turnover in the UK’s Repair of Transport Equipment (Except Motor Vehicles) sector is projected to be 7.97 billion pounds sterling, showing a consistent upward trajectory through to 2028, reaching 8.54 billion pounds sterling. This reflects a compound annual growth rate (CAGR) of approximately 1.5% over the forecast period. The year-on-year increase is modest, averaging around 1.75%, suggesting steady growth driven by potential factors such as increased demand for maintenance and technological advancements in transportation.
Future trends to watch include the impact of increasing automation and digitalization in repair processes, as well as potential regulatory changes concerning environmental standards for transport equipment that may drive higher demand for specialized repair services.
