The turnover in the Building of Pleasure and Sporting Boats sector in Germany saw significant fluctuations from 2013 to 2023. There was a notable dip in turnover in 2014 and 2016, contrasted by substantial growth periods in 2017 and 2019. In 2023, the turnover stood at 2.33 billion Euros, marking a 4.92% increase from the previous year. The year-on-year variations in the last two years indicate a relatively steady growth, with 6.79% in 2022 and 4.92% in 2023. Analyzing the CAGR over the last five years reveals an average annual growth rate of 4.85%.
Looking ahead, the forecast predicts consistent growth for the sector, with turnover expected to reach 2.53 billion Euros by 2028. The forecasted 5-year CAGR stands at 1.28%, suggesting moderate but steady expansion. Future trends to watch for include technological advancements in boat building, shifts in consumer preferences towards sustainable and eco-friendly models, and the potential impact of economic variables such as inflation and exchange rates on the sector.
