In the UK, employment in the sale of motor vehicle parts and accessories sector is forecasted to slightly decline from 89.69 thousand FTEs in 2024 to 89.49 thousand FTEs by 2028. Compared to 2023, this represents a downturn due to evolving market conditions including advancements in automotive technology and changing consumer preferences. The annual average decline over the next five years (CAGR) is expected to be minimal, suggesting a relatively stable employment landscape despite the slight decrease.
Future trends to watch for include:
- Increased adoption of electric vehicles and its impact on parts and accessories demand.
- The role of e-commerce and digital platforms transforming sales and delivery channels.
- Potential regulatory changes impacting automotive aftermarkets and employment requirements.