The UK's pleasure and sporting boats sector is forecasted to grow steadily from 2024 to 2028. In 2023, the production level stood at approximately £1.10 billion. The projections for 2024 to 2028 show increases in production values from £1.13 billion in 2024 to £1.22 billion by 2028. This represents a modest annual growth, with a year-on-year percentage increase averaging around 1.75%. The compound annual growth rate (CAGR) over the forecast period reflects a healthy growth trajectory, depicting stable sector recovery and expansion.
Future trends to watch for include:
- Advancements in sustainable and eco-friendly boating technologies
- Increased demand for high-performance and luxury vessels
- Enhanced interest in leisure boating driven by lifestyle changes post-pandemic
