The value added of ship and boat building in Sweden has shown fluctuations from 2013 to 2023, highlighting a cyclical industry with varying growth rates. In 2023, the sector stood at approximately 2.86 billion Swedish Kronas. Over the past two years (2022-2023), the industry experienced a stable year-on-year variation of around 2.92%, showing moderate growth. The CAGR over the past five years (2018-2023) was approximately 3.32%, indicating a steady average annual growth.
From 2024 onwards, forecasted data suggests continued growth, with a projected CAGR of 2% over the next five years, implying a 10.39% growth rate by 2028. Future trends to watch include advances in sustainable shipbuilding, increased demand for eco-friendly vessels, and the integration of new technologies such as automation and artificial intelligence in production processes. These factors are likely to drive further development and efficiency in the sector.
Key Points:
- Steady moderate growth from 2022 to 2023 with a year-on-year variation of 2.92%.
- A five-year CAGR of 3.32% reflecting consistent growth from 2018 to 2023.
- Forecasted growth from 2024 to 2028 at an average of 2% per year.
- Potential future trends include sustainable shipbuilding, eco-friendly vessels, and advanced technologies.
