Forecast: Production in Building of Pleasure and Sporting Boats Sector in Austria

The production of pleasure and sporting boats in Austria has shown significant growth from 25.9 million Euros in 2013 to 60.1 million Euros in 2023, representing a year-on-year increase of 3.8%. The sector has experienced both robust growth and some periods of contraction, as seen in 2019. The most substantial year-on-year growth was observed in 2016 with a 25.45% increase. Over the last five years, the compound annual growth rate (CAGR) has averaged 4.3%.

Forecasts indicate continued growth, with production projected to reach 71.0 million Euros by 2028, reflecting a forecasted 5-year CAGR of 2.65% and overall growth of 13.96% from 2024 to 2028.

Future trends to watch for include:

  • Increasing demand for high-performance and eco-friendly boats.
  • Emergence of smarter, technologically advanced vessels.
  • Potential impacts of regulatory changes and economic fluctuations on production rates.
  • Growing interest in sustainable boating practices among consumers.

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