The Pleasure and Sporting Boats Building turnover in Finland has demonstrated a fluctuating growth pattern from 2014 to 2023. The turnover in 2023 stood at 341.3 million Euros, reflecting a moderate 1.37% increase compared to 2022. Historically, significant growth occurred in 2019 with a 17.04% rise, followed by a stabilization phase. From 2020, the market faced variances, including a notable drop of -13.65% in 2021, but showed signs of recovery in ensuing years.
Examining the CAGR over the last five years, the sector experienced an average annual growth rate of 1.76%. Forecasts up to 2028 indicate a more conservative growth trajectory with a projected 5.21% growth rate and a 1.02% forecasted 5-year CAGR.
Looking ahead, key future trends to watch include advancements in sustainable technologies, shifts in consumer preferences towards electric and hybrid boats, and potential impacts of global economic fluctuations on discretionary spending in recreation and leisure sectors.
