The production value of pleasure and sporting boats in Italy has shown various fluctuations over the past decade. From 2013's €1.72 billion, production value experienced periods of growth and decline, peaking at €2.66 billion in 2019 before gradually decreasing. By 2023, the value stood at €2.24 billion. Recent trends indicate a steady decline with negative year-on-year variation over the last two years.
Looking ahead, the sector is forecasted to continue its downward trajectory, with an average annual decrease of -2.51% over the next five years, cumulating in an overall -11.93% reduction by 2028.
Future trends to watch for:
- Technological advancements in boat manufacturing
- Environmental regulations and their impact on production costs
- Shifts in consumer preferences towards sustainable and electric boats
- Economic factors affecting disposable income and leisure spending
