The pleasure and sporting boats building turnover in the UK has shown notable variability from 2013 to 2023, marked by significant fluctuations. In 2023, it stood at 1210.0 million euros, demonstrating a steady upward trend in recent years. Despite some volatility, there has been a general trend of growth with occasional dips. Since 2018, the market has seen consistent increases year-on-year, culminating in a promising outlook moving forward.
Key trends:
- 2013-2014: A significant decrease followed by slight reduction.
- 2015: A strong increase.
- 2016: A notable decline.
- 2017-2020: Fluctuating growth with modest recovery.
- 2021-2023: Steady and consistent growth.
From 2024, the forecasts are optimistic, predicting a steady growth rate with an average annual growth rate (CAGR) of 1.04% over the next five years, leading to a 5.31% growth by 2028.
Future trends to watch for include advancements in boat manufacturing technology, increasing consumer interest in leisure boating, and potential impacts of economic factors such as currency fluctuations and fuel prices on the market.
