The forecast indicates a steady decline in the number of pleasure and sporting boats building enterprises in the UK from 2024 to 2028. From a starting point of 462 enterprises in 2024, the industry is projected to decrease year-on-year by approximately 1.30%, down to 439 enterprises by 2028. This reflects a compound annual growth rate (CAGR) indicating a yearly decrease in the number of enterprises during this five-year span.

Future trends to watch for:

Demand shifts toward alternative leisure activities and environmental sustainability impacting boat manufacturing.
Technological advancements and innovation in boat design and production methods.
Regulatory changes and economic factors influencing the industry's competitive landscape.
Potential market consolidation with larger enterprises absorbing smaller ones.