The sea and coastal passenger water transport sector in the UK shows a slight declining trend from 2024 onwards, with the number of enterprises decreasing from 524 in 2024 to 515 in 2028. This reflects a year-on-year percentage decrease of around 0.57% annually. Based on the actual data from previous years and considering that the 2023 figure stood at 527 enterprises, there is a consistent reduction in enterprise numbers. The compound annual growth rate (CAGR) over the five-year period is negative, reinforcing this downward trend.
Looking forward, future trends to keep an eye on include technological advancements in vessel design, shifts towards more sustainable and environmentally friendly operations, and the impacts of travel behavior influenced by broader economic conditions. These factors could significantly alter the trajectory in the number of enterprises within this sector.
