From 2014 to 2023, Finland's pleasure and sporting boats building industry saw employment figures fluctuate. In 2014, the workforce stood at 1,850, decreasing to 1,880 by 2023. Notably, 2019 and 2020 saw positive growth, reaching 1,980 and 2,000 employees respectively. However, from 2021 onwards, these figures generally declined, with a forecasted drop to 1,760 by 2028.
Key Trends:
- Employment generally showed a downward trend from 2014 to 2023.- Positive growth years: 2015 (4.38%) and notable peaks in 2019 (4.11%) and 2020 (1.06%).- Recent trend: Last two years reflect a consistent decline in workforce with a modest average yearly decline (CAGR of -0.2% from 2019-2023).- Forecast CAGR (2024-2028) anticipates a further decline at -1.02% per year.
Future Trends to Watch:- Increased automation and technological integration might further reduce workforce needs.- Market demand shifts towards eco-friendly and high-tech vessels could influence employment dynamics.- Strategic industry adaptations in response to global economic conditions and local policies on sports and recreational activities.
