In 2023, the employment in ships and boats building in Norway stood at 13.4 thousand units. With forecasted values, there is a year-on-year decline starting from 12.7 thousand units in 2024 to 10.0 thousand units by 2028. Here are the yearly variations:
- 2024: -5.22%
- 2025: -5.51%
- 2026: -5.83%
- 2027: -6.19%
- 2028: -5.66%
The Compound Annual Growth Rate (CAGR) over the five-year period, from 2024 to 2028, is -6.12%.
Future trends to watch for include technological advancements leading to automation, which may further reduce the need for human labor. Additionally, global economic conditions, especially in the shipping industry, will continue to influence employment levels in this sector.
