The forecasted employment in the UK lifting and handling equipment sector shows a gradual decline from 2024 to 2028. Starting from 17,400 employees in 2024, the number decreases year-on-year to 16,900 by 2028. This downturn represents an overall reduction of 2.87% over the five-year period, which translates to a compound annual growth rate (CAGR) of -0.57%. In 2023, the employment stood at a slightly higher level, marking the beginning of this downward trend.
Future trends to watch for include the impact of automation and technology advancements on employment in this sector. There could also be potentially fluctuating market demands and regulatory changes influencing labor needs. Monitoring these factors will be important to anticipate further shifts in employment figures.
