In 2023, the number of self-employed persons in the repair and installation of industrial machinery and equipment in the UK was 39,000. The forecast shows a gradual increase from 2024 onwards, reaching 43,000 by 2028. From 2024 to 2025, there is a year-on-year growth of 2.5%, followed by a stabilization in 2026. Another increase is observed from 2027 to 2028 with a further 2.3% growth. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.9%, suggesting a steady albeit slow growth.
Future trends to watch for include the impact of advancements in automation and digital technologies on the demand for self-employed specialists, as these could influence the skill sets needed and potentially alter growth trajectories.
