The pleasure and sporting boats building turnover in Sweden experienced significant fluctuations over the past decade, starting from a high of 199.8 million Euros in 2013 to 229.6 million Euros in 2023. This period exhibited a mix of decline and growth periods, with the steadiest growth observed from 2016 to 2019. Notably, the sector faced minor declines from 2020 onwards, with a minor yet consistent yearly decrease, leading to a slight overall reduction.
Year-on-year variations highlight:
● 2013: -26.89%
● 2014: -19.42%
● 2015: +19.63%
● 2016: +7.58%
● 2017: +4.3%
● 2018: +13.84%
● 2019: +0.77%
● 2020: -4.44%
● 2021: -1.39%
● 2022: -0.94%
● 2023: -0.78%
The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) stood at -1.37%, indicating a small but notable dip in turnover during this period.
Future analysis forecasts a gradual decline at a CAGR of -0.30% from 2024 to 2028, indicating a slight downward trend. Future trends to watch for include evolving consumer preferences towards eco-friendly boats, potential supply chain disruptions, and the impact of economic fluctuations on discretionary spending.
