The sale of motor vehicle parts and accessories sector in the UK employed approximately 98.02 thousand people in 2023. Forecasted data suggests a slight annual decline in employment: 2024 (0.09%), 2025 (0.08%), 2026 (0.08%), 2027 (0.08%), and 2028 (0.07%). The CAGR indicates an average yearly decrease of approximately 0.08% over this period.
Future trends to watch for:
- Technological advancements potentially reducing reliance on human labor.
- Shifting industry dynamics due to increased electric vehicle parts demand.
- Potential impacts of economic policies and environmental regulations.
