The turnover in Italy's Pleasure and Sporting Boats sector has experienced significant growth over the past decade. From 2013 to 2023, turnover increased from €1.61 billion to €3.34 billion, reflecting an impressive 9.98% growth in 2023. Particularly noteworthy were the years 2016 with a 14.62% increase and 2019 which saw a 19.97% increase. However, 2020 showed a downturn with a -13.04% year-on-year change due to external factors. The Compound Annual Growth Rate (CAGR) over the last five years stands at 8.15%, indicating robust sector growth.
Future trends anticipate continued growth although at a slower pace, with forecasts indicating a 3.27% CAGR for the next five years, aiming for a €4.16 billion turnover by 2028. The sector is poised to capitalize on increasing demand for luxury and recreational marine activities. Key areas to monitor include technological innovation in boat manufacturing, environmental regulations affecting production, and shifts in consumer preferences toward sustainable and high-tech options.
