Forecast: Road Passenger Transport Employment in the UK

From 2013 to 2023, UK road passenger transport employment demonstrated notable fluctuations, peaking in 2013 with 69.21 thousand employees and dropping to 38.95 thousand employees by 2023. The most significant year-on-year variations include a 42.82% decline in 2016 and a 27.91% increase in 2019. The five-year CAGR from 2018 to 2023 stands at -1.96%, indicating an overall declining trend. The forecasted CAGR from 2024 to 2028 is anticipated to be -6.46%, projecting a significant employment reduction of 28.37% over this period.

Future trends to watch for:

  • Impact of automation and technological advancements reducing demand for manual labor.
  • Potential regulatory changes influencing employment patterns.
  • Shifts towards green and sustainable transport solutions affecting workforce needs.
  • Post-pandemic travel behavior and economic recovery influencing employment trends.

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