3 key facts and figures in UK manufacturing

From the introduction of robotics to the impact of global events and environmental concerns, the manufacturing industry has seen some significant changes in the last few years.

To take a closer look at these changes, we’ll be sharing some key facts and figures that shed light on the current trends in the UK manufacturing sector right now - as well as what they might mean for your business.

1. 61% of UK manufacturers have invested in automation

Automation is becoming increasingly prevalent in UK manufacturing, with many companies investing in these technologies to improve efficiency and productivity. According to a report by EEF, The Manufacturers’ Organisation, 61% of UK manufacturers have invested in automation such as robotics and artificial intelligence. This trend is likely to continue, as automation becomes more advanced and more affordable.

What does that mean for your business?

Automation can improve competitiveness through increased productivity, reduced costs, and faster delivery times.

For small businesses especially, investing in automation can also provide access to new funding opportunities and tax incentives, as well as create opportunities for employees to develop new skills.

2. 78% of UK manufacturers are looking to get greener

Environmental concerns are becoming increasingly important to UK manufacturers, with many companies actively seeking to reduce their carbon footprint and adopt sustainable manufacturing practices. According to a survey by Make UK, 78% of UK manufacturers are actively seeking to reduce their carbon footprint, and many are investing in renewable energy and other sustainable technologies. This trend is likely to continue, as companies seek to reduce their environmental impact and meet consumer demand for eco-friendly products.

What does that mean for your business?

By investing in renewable energy and other sustainable technologies, your company can align with this trend and potentially save costs in the long run.

Not only that, but as consumer demand for eco-friendly products continues to grow, incorporating sustainable practices into your manufacturing process can give you a competitive advantage.

3. 69% of UK manufacturers have already invested in industry 4.0 technologies

Industry 4.0 refers to the integration of advanced technologies, such as the Internet of Things (IoT), artificial intelligence, and machine learning, into the manufacturing process. This trend is gaining momentum in the UK manufacturing sector, with a report by PwC confirming 69% of UK manufacturers have already invested in Industry 4.0 technologies.

What does that mean for your business?

Understanding the trend of Industry 4.0 and its adoption in the UK manufacturing sector can help your businesses develop a strategic plan, stay competitive, and plan for a future with new technologies at the forefront.

The UK manufacturing industry is undergoing significant changes, driven by new technologies, environmental concerns, and global events. Companies that are able to adapt to these changes and invest in new technologies are likely to thrive in the coming years, while those that fail to do so may struggle to remain competitive.