The forecast for the total internal R&D personnel in the UK's repair and installation of machinery and equipment sector shows a steady annual increase from 2024 to 2028. Starting from a baseline of 1.78 thousand FTE in 2024, the number is projected to rise to 1.95 thousand FTE by 2028. This indicates a compound annual growth rate (CAGR) of approximately 2.3% over the five-year period.
Future trends to watch for:
- Technological advancements driving more complex machinery repair requirements.
- Potential impact of automation on personnel needs.
- Regulatory changes and their impact on innovation and R&D investments.
- Economic factors influencing the broader industrial equipment market in the UK.
