As of 2023, the number of persons employed in the US ships and boats building industry was 141.0 thousand. The forecast for 2024 through 2028 shows a steady headcount at 142.0 thousand, with a slight uptick to 143.0 thousand by 2028, indicating minimal growth. This results in an average annual growth rate (CAGR) close to 0.14%, pointing to a stable but stagnant employment landscape.
Future trends to watch for:
- Environmental regulations impacting shipbuilding designs and employment.
- Technological advancements potentially affecting workforce requirements.
- Global demand fluctuations for maritime transport and military vessels.
