The iron casting wages and salaries in the UK are forecasted to decline from 101.3 million euros in 2024 to 90.3 million euros in 2028. This indicates a consistent year-on-year decrease over this period. From 2024 to 2025, the decrease is approximately 2.76%, from 2025 to 2026, about 2.84%, from 2026 to 2027 around 2.82%, and from 2027 to 2028 roughly 2.90%. On average, the compound annual growth rate (CAGR) over these five years is negative, suggesting a persistent downward trend.
Future trends to watch for in this sector include:
- The impact of automation and technological advancements on labor demand.
- Potential economic and policy changes affecting the industrial sector.
- Shifts in global demand for iron casting due to international market dynamics.
