The turnover for Floating Structures Building and Shipbuilding in Norway is projected to decline steadily from 2024 to 2028. In 2023, the turnover stood at 5.56 billion Euros. Based on the forecasts, the turnover will start at 5.31 billion Euros in 2024 and decrease annually, reaching 4.35 billion Euros by 2028. Year-on-year variations display a consistent decline: -4.48% in 2025, -4.94% in 2026, -4.79% in 2027, and -5.02% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -4.65%, highlighting a negative growth trend.
Future trends to watch for:
- Renewed investments in green and sustainable shipbuilding technologies.
- Influences of global trade dynamics and shipping demands on turnover.
- Policy changes and government subsidies affecting the maritime industry.
- Technological advancements in floating structures and their market adoption rate.