In 2023, the labour cost per employee FTE in the plumbing, heat, and air conditioning installation industry in the UK stood as the benchmark for projecting future costs. From 2024 to 2028, costs are forecasted to grow modestly, reaching 33.2 thousand Euros by 2028. Year-on-year variations indicate a consistent but slight increase, with approximately 0.3% growth annually. Over the five-year forecast period, this represents a mild CAGR, suggesting steady cost escalation without significant volatility.
Future trends to watch include potential impacts from policy changes, technological advancements, or shifts in demand for more sustainable HVAC solutions, which could alter labour cost dynamics in the industry.
