The production in the building of pleasure and sporting boats sector in Sweden stood at 2.03 Billion Swedish Kronas in 2023. The forecast for 2024 shows a production value of 1.98 Billion Swedish Kronas, representing a decrease of 2.46% year-on-year from 2023. The year-on-year variations for the subsequent years are as follows: 2025 (-2.52%), 2026 (-3.11%), 2027 (-2.67%), and 2028 (-3.30%). Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is -2.61%, indicating a steady decline in production value in this sector.
Future trends to watch for in this sector include advancements in sustainable materials and eco-friendly boat manufacturing processes, consumer preferences shifting towards greener and more energy-efficient boats, and potential impacts of economic conditions on discretionary spending in leisure activities. Monitoring these trends can provide insights into potential market adjustments and opportunities for growth.
