In 2023, Italy dominated European production with a significant lead valued at 832.6 thousand compensated gross tonnage. The Netherlands followed with 490.33, while Finland and Norway's production stood at 260.5 and 239.65, respectively. Notably, Croatia showed impressive growth with a 132.15% year-on-year increase. Contrarily, Lithuania and Romania experienced declines.
Looking ahead, Italy, known for its robust shipbuilding industry, is poised to maintain its leadership. An emerging trend is the rise of sustainable and eco-friendly ship technologies, driven by environmental regulations and consumer preferences. As ship production giants innovate, mid-sized players might focus on niche markets to stay competitive.
Top countries in Sold Production of Cruise Ships, Excursion Boats and Passenger Transport Vessels by Country
| # | 10 Countries | Compensated Gross Tonnage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 832,600 | 2023 | +2.3% | +10.98% | View data |
| 2 | 2 Netherlands | 490,330 | 2021 | -65.08% | +182.67% | View data |
| 3 | 3 Finland | 260,500 | 2023 | -2.14% | +20.3% | View data |
| 4 | 4 Norway | 239,650 | 2023 | +29.51% | +74.09% | View data |
| 5 | 5 Lithuania | 149,480 | 2023 | +3.72% | -9.12% | View data |
| 6 | 6 Croatia | 37,420 | 2023 | +6.37% | +132.15% | View data |
| 7 | 7 Romania | 16,520 | 2023 | +6.59% | -4.83% | View data |
| 8 | 8 Poland | 12,860 | 2023 | +4.78% | View data | |
| 9 | 9 Estonia | 8,910 | 2023 | +4.02% | View data | |
| 10 | 10 Spain | 7,830 | 2023 | -18.14% | -4.98% | View data |
