Examining the production value of floating structures building and shipbuilding in Finland from 2013 to 2023 unveils a positive trend. In 2023, the production value stood at 2120 million Euros. Observing year-on-year variations, there is a noticeable growth trajectory with temporary dips, such as in 2017. Over the past two years, the sector saw a 4.2% increase in 2023. The 5-year CAGR up to 2023 was 8.35%, reflecting consistent growth.
Forecasts up to 2028 indicate a more moderate growth trend, with a 5-year CAGR of 1.83% and an overall growth rate of 9.51%. This suggests the sector's expansion will persist but at a slower rate.
Future trends to watch for:- Advances in green technologies and eco-friendly shipbuilding practices.- Increased demand for offshore renewable energy structures.- Growing interest and investment in autonomous ship technology.
