The turnover in the UK's building of pleasure and sporting boats sector shows a steady rise from £1.13 billion in 2024 to £1.21 billion projected by 2028. This displays an annual growth rate (CAGR) of approximately 1.7% from 2024 to 2028. In 2023, the sector turnover stood at £1.11 billion, indicating consistent growth. Year-on-year variations highlight an annual increase of around 1.8% in this period, demonstrating stability in market expansion.
Future trends to watch for include:
- The impact of technological advancements like eco-friendly boat innovations.
- Increased demand from luxury tourism and affluent lifestyle segments.
- Potential regulatory changes affecting production and export activities.
