In 2023, Italy led European sold production of pleasure boats and sporting boats with significant year-on-year growth of 7.63%, reaching a value of 3.3508 billion Euros. The Netherlands and Germany followed with notable increases of 13.31% and 11.96% respectively, indicating a strong market presence. France, while showing modest growth at 4.51%, and the United Kingdom, with a negligible increase of 0.6%, trailed behind. Poland and Finland showed moderate growth rates of 6.83% and 9.14%, whereas Portugal and Spain displayed remarkable surges at 16.32% and 28.44%. Smaller markets such as Norway, Denmark, and other Eastern European countries showed minimal changes or declines, with Romania witnessing an 11.96% reduction. Over the last five years, CAGR for most leading countries has been positive, highlighting consistent growth, particularly in Southern and Western Europe.
Future trends to watch for in the European sold production of pleasure boats and sporting boats include:
- Increasing production and innovation in eco-friendly and electric boats, driven by environmental regulations and consumer demand.
- Growth in markets of emerging economies within Europe where investment in nautical tourism and infrastructure is accelerating.
- Continued dominance of Italy, the Netherlands, and Germany, alongside potential rising stars such as Portugal and Spain if their growth rates persist.
- Advancements in smart-tech integration within boats may lead to higher values and expanded consumer bases.
Top countries in Sold Production of Pleasure Boats and Sporting Boats by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 3,350,800,000 | 2023 | +9.07% | +7.63% | View data |
| 2 | 2 Netherlands | 2,382,700,000 | 2023 | +5.47% | +13.31% | View data |
| 3 | 3 Germany | 1,317,400,000 | 2023 | +2.58% | +11.96% | View data |
| 4 | 4 France | 995,000,000 | 2023 | +7.58% | +4.51% | View data |
| 5 | 5 United Kingdom | 957,640,000 | 2023 | +0.62% | +0.6% | View data |
| 6 | 6 Poland | 564,950,000 | 2023 | +5.34% | +6.83% | View data |
| 7 | 7 Finland | 391,470,000 | 2023 | +4.68% | +9.14% | View data |
| 8 | 8 Portugal | 196,780,000 | 2023 | +12.42% | +16.32% | View data |
| 9 | 9 Spain | 145,300,000 | 2023 | +37.71% | +28.44% | View data |
| 10 | 10 Norway | 91,920,000 | 2023 | +8.4% | +0.15% | View data |
