Based on the forecasted data from 2024 to 2028, the number of vessels in the UK is anticipated to decline steadily from 100.16 thousand in 2024 to 94.09 thousand in 2028. As of the end of 2023, the number of vessels stood at 101.5 thousand, indicating a downturn. The year-on-year percentage changes indicate a consistent decrease in vessel numbers over these years. The compound annual growth rate (CAGR) suggests an average decline, pointing to a contraction in the maritime sector.
Future trends to watch for include:
- Impact of environmental regulations on fleet composition.
- Technological advancements in ship building and operations.
- Market demand shifts due to geopolitical factors or trade agreements.
