In 2023, the labour cost per employee FTE in the Pleasure and Sporting Boats Building industry in Germany was recorded at 62.7 thousand euros. From 2024 to 2028, forecasts predict a steady annual increase in labour costs, from 63.5 thousand euros in 2024 to 67.0 thousand euros in 2028. This equates to an average year-on-year growth rate (CAGR) of around 1.35% over the five-year period.
Future trends to watch for include:
- Potential impact of technological advancements on labour costs.
- Influence of economic conditions and inflation on wage growth.
- Changes in regulatory policies affecting the maritime sector labour market.
