The labour cost per employee FTE for the installation of industrial machinery and equipment in the UK is projected to decrease steadily from 37.6 thousand euros in 2024 to 32.6 thousand euros in 2028. This represents an average annual reduction rate of 3.5% over the forecast period, highlighting a consistent downward trend. The analysis indicates a year-on-year decline, with a higher cumulative reduction rate compared to previous years.

Future Trends to Watch:

Technological advancements could further drive efficiency, potentially offsetting labour costs.
Economic conditions and policy changes impacting wage structures and costs.
Changes in demand for industrial machinery, influencing staffing needs and related labour costs.