Forecast: Employment in Building of Pleasure and Sporting Boats Sector in Germany

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.

Top Countries about Recreational Boating