The employment in the Building of Pleasure and Sporting Boats sector in Sweden showed a fluctuating trend from 2013 to 2023, with a decline in the early years, intermittent growth between 2015 and 2019, followed by a consistent decrease in the years leading up to 2023. In 2023, the employment stood at 0.848 thousand full-time equivalents, marking a 6.92% year-on-year decline.
The outlook from 2024 to 2028 projects a continued decline, with a compound annual growth rate (CAGR) of -7.25%, translating to a significant 31.38% total decrease over the 5 years forecasted. By 2028, employment is expected to reduce to 0.538 thousand full-time equivalents.
Future trends to watch for include:
- Technological advancements and automation impacting labor demands.
- Potential economic downturns affecting recreational spending and boat purchases.
- Environmental regulations influencing industry operating costs and employment.
