Forecast: Production of Ships and Boats Building in Germany

The production of ships and boat building in Germany has demonstrated considerable fluctuation over the past decade, oscillating between periods of growth and contraction. In 2023, the value of production was 7.06 billion Euros. The year-on-year variation for 2023 was a modest increase of 1.12%. Over the last two years, there has been a notable, though inconsistent, growth with a CAGR of 0.72%. Longer-term trends indicate a positive growth trajectory with a five-year CAGR of 0.91% predicted through 2028 and an overall growth rate of 4.62%.

Future trends to watch for include the impact of technological advancements, the shift towards greener and more sustainable building practices, and potential fluctuations due to geopolitical factors affecting global trade and market demand.