The forecast for the UK’s Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector shows a gradual increase in employee work hours from 6.6 billion hours in 2024 to 6.63 billion hours in 2028. The year-on-year growth is negligible, indicating a stable workforce size. However, this stability follows slight annual increases, cumulatively reflecting minimal expansion with a five-year CAGR that signifies an average annual increase.
Future trends to watch for include technological advancements like automation and electric vehicle adoption, which could impact labor requirements and necessitate skill evolution. Furthermore, economic conditions and market regulations could influence employment dynamics in this sector.
