In 2023, the production value of sea and coastal passenger water transport in the UK stood below 9.34 billion Euros. The forecasted values show a steady upward trend from 2024 to 2028, rising to 10.79 billion Euros. The year-on-year percentage growth is moderate, averaging approximately 2% to 4% annually, indicative of a stable expansion trajectory. The compound annual growth rate (CAGR) over this five-year period projects a continued positive trend, reflecting confidence in sectoral growth post-pandemic recovery.
Future trends to watch for:
- Potential impact of sustainability initiatives and green technology adoption in the maritime sector.
- Changes in passenger demand due to evolving tourism trends and economic conditions.
- Implications of international trade agreements that may influence coastal transport dynamics.