The forecasted labour cost per employee FTE in the central heating radiators and boilers sector in the UK shows a consistent decline from 2024 to 2028, starting from 31.9 thousand euros in 2024 and decreasing to 29.8 thousand euros by 2028. This downward trend reflects a contraction in year-on-year growth, with rates approximately at -1.57% for 2025, -1.91% for 2026, -1.62% for 2027, and -1.65% for 2028. These variations suggest an average five-year CAGR (Compound Annual Growth Rate) of -1.685% when considering the forecasted period.

Future trends to watch for include:

Potential impacts of economic factors post-2023 that could affect labour costs, such as inflation or changes in workforce availability.
Technological advancements that might influence efficiency and productivity, potentially altering labour costs further.
Regulatory changes surrounding energy efficiency and climate change initiatives that could reshape the industry dynamics, influencing labour requirements and costs.