Forecast: Number of Enterprises in Building of Pleasure and Sporting Boats Sector in the UK

The number of enterprises in the UK building of pleasure and sporting boats sector is forecasted to slightly decline from 2024 to 2028, with an annual decrease of about 1% year-on-year. This trend follows a consistent reduction in the number of enterprises from 2023's figure, continuing the observed downturn over the recent years. Over the five-year forecast period, the compound annual growth rate indicates a steady negative trajectory, suggesting ongoing market contractions.

Future trends to watch include:

  • Potential impacts of technological innovations on production efficiency.
  • Changes in consumer preferences towards more sustainable or alternative forms of leisure.
  • Regulatory changes affecting the manufacturing sector and trade policies.
  • Global economic conditions and their influence on luxury good spending.
  • Brexit-related trade changes potentially affecting imports and exports of materials and boats.

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