The production value of pleasure and sporting boats in Denmark stood at 58.1 million Euros in 2023. Over the last two years (2022-2023), the year-on-year variations have notably stabilized with increases of 0.17% annually. Over the last 5 years, the compound annual growth rate (CAGR) shows a slight -5.82% decline, indicating a long-term downward trend.
Between 2013 and 2023, the industry experienced substantial fluctuations, marked by sharp declines and gains. A significant upturn occurred in 2018 with a +56.18% year-on-year increase, only to witness a steep -28.83% decline in 2019, showing the industry's volatility.
Forecasted data through 2028 projects modest year-on-year growth rates, culminating in a 0.14% CAGR over the next five years, reflecting cautious optimism but a stable future with limited exponential growth.
Future trends to watch for include advancements in sustainable boating technologies and the adoption of eco-friendly materials, which could influence production values. Additionally, economic factors and consumer preferences for recreational activities, particularly post-COVID-19, could impact demand.
