The number of employees in the UK manufacture of motor vehicles, trailers, and semi-trailers sector is projected to decrease from 155.63 thousand in 2024 to 151.87 thousand by 2028, reflecting a consistent downward trend. The year-on-year variation indicates a reduction in employment levels, with a decrease of around 0.99% annually on average (CAGR) over this period. This trend highlights potential challenges facing the industry, such as automation and shifting market dynamics.
Future trends to watch include:
- The impact of technological advancements and automation on employment.
- Shifts in consumer preferences toward electric and autonomous vehicles.
- The influence of global economic conditions and trade policies on the UK automotive sector.