The employment in the Building of Pleasure and Sporting Boats sector in Germany has witnessed fluctuations over the past decade, starting at 6.18 thousand Full-Time Equivalents (FTE) in 2013 and reaching 8.47 thousand FTE in 2023. Recent years have shown moderate growth, with a year-on-year increase of 3.08% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.3%, indicating consistent growth in employment. Forecasts predict continued positive growth, with employment expected to reach 9.7 thousand FTE by 2028, reflecting a forecasted five-year CAGR of 2.15%.
Future trends to watch for include:
- Technological advancements in boat manufacturing which could impact labor requirements.
- Economic conditions and consumer spending on leisure activities influencing sector growth.
- Environmental regulations potentially increasing demand for greener boating solutions.