The forecast from 2024 to 2028 indicates a stable upward trend in the turnover of sea and coastal passenger water transport in the UK, with values increasing from 9.32 billion Euros in 2024 to 10.6 billion Euros in 2028. This represents a consistent annual growth rate, reflecting an average year-on-year increase of around 3.5%. For context, by the end of 2023, turnover stood slightly below 9.32 billion Euros, marking a noticeable ongoing recovery and expansion in this sector. The compound annual growth rate (CAGR) for this period stands at approximately 3.3%, highlighting a steady rise in revenue.
Future trends to watch for include changes in passenger demand driven by tourism dynamics and possible shifts in regulatory or environmental policies affecting operational capacities and costs. Additionally, technological advancements in sustainable maritime transportation may influence future turnover margins significantly.
