The number of persons employed in the pleasure and sporting boats building industry in Germany has seen considerable fluctuation over the past decade. From a value of 6.45 thousand in 2013, the figure has steadily grown, apart from notable dips in 2016 and 2017. By 2023, employment stood at 9.09 thousand, reflecting a compound annual growth rate (CAGR) of 4.97% over the last five years. Year-on-year growth rates have varied significantly, peaking in 2015 at 19.63% and hitting a low in 2017 with an 18.5% decline. However, recent years show stabilizing trends with a consistent upward trajectory.
Future trends to monitor:
- Forecasts indicate a steady increase in employment, reaching 10.42 thousand by 2028.
- The forecasted CAGR over the next five years is 2.16%.
- Industry consolidation, technological advancements, and increased demand for leisure activities will likely drive further growth in employment.
