Forecast: Passenger Transport Employment in the UK

The passenger transport employment in the UK observed a declining trend from 2013 to 2023, with a few instances of year-on-year growth. In 2023, the value stood at 97.75 thousand employees. The most significant drops were in 2014 and 2016 with -13.87% and -35.12% respectively. The overall Compound Annual Growth Rate (CAGR) from 2013-2023 reveals a negative trend, reflecting an approximate annual decline of -1.42% over the last five years.

Looking ahead, from 2024 onward, the forecast indicates a continuation of this downward trajectory, with an anticipated CAGR of -3.52% over the next five years, implying a total decline of -16.41% by 2028.

Future trends to watch for include:

  • The impact of automation and AI on job roles within the passenger transport sector.
  • Shifts towards sustainable and green transport modes potentially influencing employment needs.
  • Economic recovery post-COVID-19 and potential government initiatives to boost employment.

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