In the UK, the engines and turbines sector is projected to see a decline in gross value added per employee (GVA) from 2024 to 2028. Beginning at 81.08 thousand euros in 2024, this value decreases steadily each year, reaching 68.91 thousand euros by 2028. The year-on-year decline is consistent over this period, signaling a challenging environment for productivity improvements and value generation within the industry.
CAGR over the five-year forecast period indicates an average decline, contributing to a cautious outlook for stakeholders. In 2023, the GVA per employee was notably higher than forecasted figures, highlighting the need for strategic interventions to reverse the downward trend.
Future trends to watch for include potential technological advancements that could enhance productivity, policy changes impacting industrial operations, and shifts in global demand for engines and turbines. Monitoring these factors could offer opportunities to counteract the current downward trajectory in GVA per employee.
