The UK Transport Equipment Repair sector, excluding motor vehicles, shows a declining employee trend from 2024 to 2028, with a consistent decrease in numbers. In 2023, the sector had a workforce of approximately 19.65 thousand employees. Year-on-year, the sector's workforce is forecasted to decline by 4.47% from 2024 to 2025 and by 4.57% from 2025 to 2026. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual workforce reduction of around 4.68%.
Future trends to watch for include:
- Potential technological advancements that may further impact employment numbers.
- Economic factors influencing labor demands in transport equipment repair.
- Government policies or initiatives targeting employment stabilization or growth.
