Forecast: Number of Vessels in Germany

In 2023, the number of vessels in Germany stood at approximately 104.25 thousand. The forecasted data suggests a gradual decline in vessel numbers, with a year-on-year decrease of roughly 0.92% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -1.16%, indicating a steady decline in the fleet size.

Future trends to watch for in the German vessel industry include:

  • Continued consolidation within the industry, possibly due to increasing environmental regulations and economic pressures.
  • Potential impact of technological advancements which may drive efficiency, possibly leading to smaller fleets.
  • The influence of global trade dynamics and geopolitical factors which could affect demand for shipping capacity.

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