In 2023, the UK sold production of motor boats and motor yachts for pleasure or sports stood at 434 million Euros. Forecasted data from 2024 to 2028 shows a gradual decline in sold production value, with an average year-on-year decrease of approximately 0.5%, resulting in a compound annual growth rate (CAGR) of -0.34%. This declining trend suggests a modest contraction in the market over the five-year period.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and eco-friendly yachts.
- Technological advancements in boat manufacturing and design.
- Potential economic and geopolitical factors affecting luxury spending.
