The turnover in the Building of Pleasure and Sporting Boats sector in France has shown a steady upward trend from 2013 to 2023, with a few fluctuations. In 2023, the sector's turnover stood at €2.18 billion, reflecting a 6.6% year-on-year increase. Over the past five years, the sector achieved a compound annual growth rate (CAGR) of 4.89%. Notable growth occurred from 2013 to 2017, with significant year-on-year increases, especially in 2017 (20.11%). However, 2020 witnessed a notable decline of 13.13%, likely due to the pandemic’s impact, but the market has since rebounded.
Looking ahead to the period from 2024 to 2028, the forecasted CAGR is approximately 1.31%. The sector is expected to experience a growth rate of 6.73% over these five years, signifying a more moderate but sustained growth trajectory.
Future trends to watch for:
- Adoption of sustainable and eco-friendly boat-building materials and technologies.
- Growth in demand for innovative and high-tech pleasure and sporting boats.
- Impact of global economic conditions on luxury and recreational spending.
- Emerging markets and their potential contribution to the sector’s growth.
