The pleasure and sporting boats building turnover in Austria has experienced fluctuating growth from 2013 to 2023. As of 2023, the sector stands at 71.3 million Euros. Between 2013 and 2018, the turnover saw a steady increase, peaking in 2018 with a considerable jump of 71.94%. However, there was a significant decline of 44.66% in 2019, followed by a notable rebound in 2020 with a growth of 49.67%. Subsequent years show minor fluctuations with a modest growth of 5.16% in 2023 compared to 2022. The CAGR over the past 5 years is -2.64%, reflecting these instabilities.
Future trends to watch for in this sector include:
- Advancements in marine technology and eco-friendly boating solutions driving market demand.
- Increasing interest in recreational activities and water sports post-pandemic.
- Potential impact of economic conditions and consumer spending power on luxury leisure markets.
Forecasts from 2024 to 2028 predict a steady growth with an average CAGR of 3.44%, culminating in a turnover of 88.6 million Euros by 2028, reflecting 18.45% growth over five years.
