The Spanish pleasure and sporting boat production industry has experienced significant volatility between 2013 to 2023. Starting from a low of 577 units in 2013, the year-on-year variations show substantial declines in the mid-2010s, hitting a low of 282 units in 2015. However, a remarkable upturn began in 2017, with a dramatic increase peaking in 2023 at 5700 units, marking a 24.15% increase over the previous year. The 5-year CAGR reached 32.84% by 2023, indicating solid growth.
Looking ahead, the forecast suggests continued growth with production expected to hit 11,080 units by 2028. This represents a forecasted 5-year CAGR of 10.27% and an overall growth rate of 63.01% from 2023 to 2028. Key trends to watch include technological advancements, consumer preferences shifting towards eco-friendly boats, and potential policy changes supporting recreational boating in Spain.
