From 2013 to 2023, the floating structures building and shipbuilding production value in Spain displayed fluctuations, with values oscillating but generally trending upwards. By 2023, the value was €3.03 billion, marking a 9.54% increase from the previous year. Notably, after a dip from 2014 to 2016, the industry experienced a resurgence, culminating in a 7.06% CAGR over the last five years.
Looking ahead, the forecasted data suggests a continuous, albeit moderate, growth with a 3.81% 5-year CAGR, reaching €3.88 billion by 2028. This steady growth reflects a robust market potential.
Key future trends to watch for include:
- Technological advancements in shipbuilding.
- Increased emphasis on sustainable and eco-friendly floating structures.
- Potential market expansions and innovations in design and functionality.