The employment in the UK's manufacture of fluid power equipment sector is projected to decrease from 5.71 thousand FTEs in 2024 to 5.38 thousand FTEs in 2028. Comparing 2024 with 2025, there is a predicted decrease of 1.6%. From 2025 to 2026, employment is expected to decline further by 1.4%. This trend is projected to continue, with another decline of 1.4% from 2026 to 2027, and 1.5% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 highlights an average decrease of approximately 1.6% per year.
Future trends to watch for include:
- Technological advancements leading to increased automation, potentially reducing the need for human labor.
- Economic factors and policy changes impacting manufacturing operations and labor demands.
- Global supply chain dynamics affecting resource availability and market competition.
- Environmental and sustainability regulations prompting changes in production processes.
