The number of persons employed in the manufacture of lifting and handling equipment in the UK is expected to decline from 17,400 in 2024 to 16,900 in 2028. This represents a continuous year-on-year decrease, with a decline rate of approximately 0.75% to 0.78% annually. The sector employed an estimated 17,500 people in 2023, highlighting a slight but steady downward trend over this period. The Compound Annual Growth Rate (CAGR) over these five years indicates a moderate contraction within the industry.

Future trends to watch for:

Technological advancements and automation could further impact employment needs.
The demand for advanced handling equipment may rise, altering skill requirements.
Supply chain dynamics and domestic manufacturing policies could influence sector growth.