In 2023, the import value of ships, boats, and other floating structures to the UK stood at approximately 1.8 billion USD. From 2024 to 2028, forecasts show a steady increase, with values rising from 1.8564 billion USD to 1.9967 billion USD. This represents a year-on-year growth of around 2%, with a compound annual growth rate (CAGR) over the five years projected at approximately 2.2%. These figures suggest consistent market expansion driven by an increased need for maritime assets.
Future trends to watch for include:
- Technological advancements and their adoption in new ship designs.
- Sustainability trends influencing demand for eco-friendly vessels.
- Economic factors affecting global shipping and trade dynamics.
