From 2024 to 2028, the UK motor vehicles, trailers, and semi-trailers manufacturing sector is projected to see a decline in its workforce. Starting from 144.27 thousand employees in 2024, the sector is expected to reduce to 139.82 thousand by 2028. Comparing with 2023 data is crucial, but assumed unchanged given the absence of historical figures. The year-on-year percentage decrease is consistent, indicating incremental attrition of personnel. The compound annual growth rate (CAGR) suggests a decreasing trend over five years, marking a modest contraction in employment.
Future trends to watch for include advancements in automation and technology, which might further impact workforce requirements. Additionally, industry shifts toward electric vehicles could influence job roles and the required skillset, possibly offsetting job losses with new opportunities in emerging areas of production and R&D.
