In 2023, the number of persons employed in the UK's repair of electrical equipment sector stood at approximately 5.20 thousand. Forecasts indicate a declining trend from 2024 to 2028, with annual figures dropping from 5.04 thousand in 2024 to 4.35 thousand in 2028.
Year-on-year, the employment levels are expected to decrease by approximately 3.57% in 2025 compared to 2024, followed by similar reductions of roughly 3.50% annually through 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period indicates a decline of approximately 3.59%.
Future trends to watch for:
- Advancements in technology leading to increased automation, which may further reduce employment.
- Potential growth in domestic manufacturing, possibly affecting repair services demand.
- Shifts in consumer behavior and preferences towards more sustainable repair options.