Employment in the Building of Pleasure and Sporting Boats sector in Finland stood at 1.58 thousand FTE in 2023. Analyzing the data reveals a fluctuating pattern with periods of growth and decline. From 2014 to 2023, employment peaked slightly in 2019 and 2020 at 1.72 thousand FTE. Since then, a declining trend has been observed with a year-on-year variation of -1.5% in 2023. Notably, the CAGR over the last five years (2018-2023) is -0.88%, indicating a gradual reduction in employment figures.
Forecasts for 2024-2028 predict a continual decrease, reaching 1.49 thousand FTE by 2028. The forecasted 5-year CAGR is -0.9%, signifying a small yet steady decline.
Future trends to watch for:
- Adoption of automation and advanced manufacturing technologies could impact job numbers by potentially reducing manual labor requirements.
- Market demand for pleasure and sporting boats, influenced by economic conditions and consumer preferences, will play a crucial role in shaping employment levels.
- Environmental regulations and sustainable practices may create new job categories while potentially phasing out traditional roles.
