The electrical equipment and electronics sector in the UK is experiencing a forecasted decline in employment. In 2024, the number of employed persons is expected to be 67.56 thousand, dropping progressively to 60.75 thousand by 2028. The year-on-year percentage change indicates a consistent downward trend, averaging a negative compound annual growth rate (CAGR) over this five-year period.
Future trends to watch for include:
- Technological advancements potentially reducing the demand for manual labor.
- Increased automation and robotics integration within manufacturing processes.
- Potential governmental policies affecting employment numbers.
- Fluctuations in global trade and economic stability potentially influencing job markets.