From 2013 to 2023, the number of hours worked in the pleasure and sporting boats building industry in Italy experienced fluctuations, standing at 13.242 million hours in 2023. Rapid declines were observed between 2013 and 2014 with a significant drop of 20.9%. Subsequent years saw some recovery, notably in 2018 and 2019 with 15.2% and 14.8% growth respectively. However, slight declines resumed from 2020 to 2023, averaging a 0.3% annual growth during this period.
Looking ahead from 2024 to 2028, the forecast indicates a progressive decrease in hours worked with a CAGR of -1.52%, ending at 12.038 million hours in 2028. This trend suggests a cautious outlook for the industry with potential challenges in maintaining workforce levels.
Future trends to watch for include technological advancements in boat manufacturing, shifts in consumer preferences towards sustainable and innovative products, and potential economic implications of global market conditions affecting demand and production capacity.
