Analysis of the Value Added of Ships and Boats Building in Germany highlights notable trends. From 2013 to 2023, the market experienced significant variations, with a value standing at 2.18 Billion Euros in 2023. Key observations include a substantial drop in 2015 (-23.87%), rebound in 2016 (+64.66%), and steady growth from 2019 to 2023 (ranging from +2.5% to +35.24% year-on-year). The CAGR over the last five years was 6.96%, indicating a robust upward trend.
Future trends to consider:
- Projected growth at an average rate (CAGR) of 1.89% over the next five years, pointing to consistent but more moderate growth.
- Potential impacts of technological advancements and environmental regulations on production and costs.
- Market diversification and changes in global trade policies that could affect demand and supply chains.