Forecast: Employment in Freight Transport by Road Sector in the UK

The employment in the UK Freight Transport by Road sector has experienced fluctuations over the past decade. From 2013 to 2014, employment decreased significantly, followed by a recovery peaking in 2016. However, the sector witnessed another dip in 2017, followed by a period of more stable growth from 2018 to 2019. The pandemic disrupted this trend with a notable decline in 2020. Post-2020, the sector rebounded, reaching 260.96K FTEs in 2023.

Notable year-on-year variations include significant growth in 2015 (19.11%) and 2021 (15.21%). The last two years show moderate growth with 5.94% in 2022 and 0.63% in 2023. Over the last five years, the compound annual growth rate (CAGR) averages at 0.28%.

Future trends to watch for include:

  • An anticipated steady growth in employment, with forecasts suggesting a CAGR of 0.52% from 2024 to 2028.
  • Technological advancements, which may alter workforce demand.
  • The impact of regulatory changes and environmental policies.

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