Forecast: Number of Enterprises in Manufacture of Measuring, Testing, Navigating and Control Equipment; Watches and Clocks Sector in the UK

The UK sector for the manufacture of measuring, testing, navigating and control equipment, along with watches and clocks, shows a declining trend from 2024 to 2028. In 2024, there are 1.98 thousand enterprises, decreasing to 1.92 thousand by 2028. The year-on-year percentage change from 2024 to 2025 is approximately -1.01%, and from 2025 to 2026 is -0.51%. The last five-year compound annual growth rate (CAGR) highlights an average annual decrease due to declining industry numbers.

Future trends to monitor:

• Technological advancements that might disrupt or transform traditional manufacturing approaches in this sector.
• Potential market consolidation affecting the number of enterprises.
• Impact of global trade dynamics and supply chain challenges on UK manufacturing.