In 2023, Germany led Europe in the production value of pleasure and sporting boats with 2.63 billion euros, reflecting a 5.01% year-on-year increase. Italy and France followed with values of 2.31 and 1.93 billion euros, respectively, with Italy seeing a decline of 2.17% while France rose by 3.99%. Other notable performers include Poland, with an 8.37% increase, and Lithuania, experiencing a substantial rise of 14.69%. Conversely, Denmark and Norway faced declines of 5.82% and 3.62% respectively. Smaller markets such as Serbia saw significant growth, albeit from a smaller base, with an 18.56% increase.
Future trends to watch include:
- Continued growth in the Eastern European markets such as Poland and Lithuania due to competitive manufacturing advantages.
- Potential recovery or further decline in countries with recent decreases such as Denmark and Norway.
- Impact of economic conditions on the affordability and interest in leisure marine activities, especially in leading markets like Germany.
- Technological advancements and sustainability initiatives potentially shaping new production trends.
Top countries in Pleasure and Sporting Boats Building Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,630 | 2023 | +2.76% | +5.01% | View data |
| 2 | 2 Italy | 2,310 | 2023 | -2.06% | -2.17% | View data |
| 3 | 3 France | 1,930 | 2023 | +6.07% | +3.99% | View data |
| 4 | 4 United Kingdom | 1,240 | 2023 | +1.62% | +1.13% | View data |
| 5 | 5 Poland | 802.8 | 2023 | +6.08% | +8.37% | View data |
| 6 | 6 Finland | 346.6 | 2023 | +1.46% | +1.39% | View data |
| 7 | 7 Sweden | 178.7 | 2023 | -0.84% | -2.41% | View data |
| 8 | 8 Portugal | 101.6 | 2023 | +5.07% | +7.98% | View data |
| 9 | 9 Norway | 98.8 | 2023 | -1.2% | -3.62% | View data |
| 10 | 10 Austria | 60.1 | 2023 | +3.8% | +4.3% | View data |
