In 2023, Italy led European sold production of cruise ships, excursion boats, and passenger transport vessels, with significant production valued at 5.9685 billion euros, marking a 23.82% increase from 2022. Finland and Norway also showed strong figures, with values of 1.3541 billion and 1.3439 billion euros, rising by 17.81% and 18.67%, respectively. Croatia experienced remarkable growth at 162.58%, reaching 0.10947 billion euros. While Spain and Poland had moderate to no growth, Romania and Lithuania saw declines of 8.6% and 1.53%, respectively. Over the last five years, the compound annual growth rate reveals variability in production with stability in major shipbuilding hubs.
Future trends to watch:
- Innovation in eco-friendly ship technology as environmental regulations tighten.
- Potential shifts due to geopolitical factors impacting supply chains.
- Rising demand for smaller, more efficient excursion vessels driven by tourism dynamics.
- Increased investments in digitalization and automation within shipbuilding processes.
Top countries in Sold Production of Cruise Ships, Excursion Boats and Passenger Transport Vessels by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,968,500,000 | 2023 | +18.22% | +23.82% | View data |
| 2 | 2 Finland | 1,354,100,000 | 2023 | +0.55% | +17.81% | View data |
| 3 | 3 Norway | 1,343,900,000 | 2023 | +25.6% | +18.67% | View data |
| 4 | 4 Croatia | 109,470,000 | 2023 | +6.58% | +162.58% | View data |
| 5 | 5 Spain | 55,298,000 | 2023 | -0.93% | +8.67% | View data |
| 6 | 6 Netherlands | 38,557,000 | 2021 | -79.17% | View data | |
| 7 | 7 Poland | 11,628,000 | 2023 | +4.78% | View data | |
| 8 | 8 Romania | 9,074,700 | 2023 | +6.39% | -8.6% | View data |
| 9 | 9 Lithuania | 6,393,500 | 2023 | +5.38% | -1.53% | View data |
| 10 | 10 Portugal | 1,125,000 | 2021 | -35.21% | View data |
