Global Market Insights Inc.’s Post

The global yacht market is booming, with a projected value of USD 40.40 billion by 2029. Luxury yacht segment to register a CAGR of 6.7% between 2023-2032. Europe leads in manufacturing, while APAC is the fastest-growing region. Key players include Azimut Benetti and Sunseeker International.

Demand for the company’s yachts has remained strong despite the higher interest rate environment, mainly fuelled by cash-rich consumers who are generally indifferent to economic cycles. According to the National Marine Manufacturers Association (NMMA), sales of new recreational boats in the US have been steady at 266,000 in 2022 and 269,000 in 2023. This is comparable to levels seen in 2016 and 2017 despite prices now being 50 per cent higher.

Navigating the global yacht market's future 2024-2029! The global yacht market was valued at USD 26.00 billion in 2023 and to reach USD 40.40 billion by 2029, growing at a CAGR of 7.62% during the forecast period. As yacht owners increasingly seek unique designs and features that cater to their tastes and preferences, customization and personalization are becoming essential market drivers. Trend alert: Growing economic prosperity results in a broadening customer base with the means to purchase yachts across various sizes, from mid-sized cruisers to superyachts. Europe, renowned for its extensive maritime heritage, presents an alluring market characterized by its coastlines and penchant for luxurious living standards. The motorized yachts segment holds a higher market share and is expected to grow with a higher CAGR during the forecast period. Renowned manufacturers such as Azimut|Benetti Group, Ferretti Group, and Sunseeker International Ltd are prominent contenders, recognized for their reputation in crafting innovative and top-tier vessels. Know more https://bit.ly/49sqTEm Share your insights or any questions you have in the comments below! #yachtmarket #ariztonresearchreveals #marketresearch #researchreport #marketinsights #markettrends #marketsize #marketshare #marketgrowth #marketforecast #marketexpansion #yachtmarket2024 #globalyachtoutlook #2029yachtprojections #yachtindustrygrowth #futureofyachts

https://lnkd.in/dfhrEa47 The Yacht Market embarked at US$ 11.19 Bn. in 2022 and charts a course to US$ 17.48 Bn. by 2029. Anchors aweigh for a mesmerizing CAGR of 6.58% throughout the forecast period! The world of yachts, a symphony of opulence and leisure! From superyachts to sailing vessels, it's a multifaceted market that caters to diverse consumer segments. The allure of yachting as a leisure activity propels rapid growth, defining the market's dynamic landscape. The yacht market is a canvas of luxury and innovation. As sustainability becomes paramount, the industry charts a course toward eco-friendly practices and cutting-edge technologies. The seas of the future are set to be greener and more technologically advanced. #maximizemarketresearch #YachtMarket #LuxuryOnWater #SustainableSailing

In the realm of luxury yachts, innovation is a rare gem amidst a sea of opulence. However, Antonini Navi is making waves with their latest creation, the Antonini Navi 135… The post Antonini Navi 135: Redefining Luxury with the Sport Utility Yacht appeared first on stupidDOPE. https://lnkd.in/eGKep3-e #stupidDOPE

Work hard, play hard. It is easy to make the switch from your own yacht. Consider how fractional ownership can make it possible. My Yacht Co has two new models coming soon. The L60 and L88 luxury yachts from Ladenstein are the perfect platform for getting away. #fractionalownership #fractional #myyachtco #luxury #yachting #digitalnomad

Billionaire Submersible Yachts: The New Wave of Luxury In an audacious leap towards the future of luxury maritime travel, an Austrian company has announced its plans to construct what might soon become the zenith of billionaire indulgence: submersible superyachts. Dubbed as the ultimate escape for those who have it all, these bespoke underwater vessels promise an unrivaled blend of privacy, security, and opulence. Underwater Elegance and Exclusivity Taking a deep dive into what some may view as the ultimate billionaire playground, these proposed submersible superyachts will allow the world’s wealthiest to enjoy the ocean's depths without forgoing the luxuries they are accustomed to on land... https://lnkd.in/grxx493h

SANLORENZO 9M 2023 FINANCIAL RESULTS   NET REVENUES NEW YACHTS AT €626.0 MILLION (+15.1% YOY), EBITDA AT €113.8 MILLION (+22.7% YOY), STEADY INCREASE IN PROFITABILITY AND STRONG CASH GENERATION. ORDER INTAKE IN Q3 2023 AT €253.0 MILLION, SURPASSING THE €248.5 MILLION FIGURE IN Q3 2022. BACKLOG AT €1.7 BILLION WITH HIGH VISIBILITY ON FUTURE YEARS, GIVEN €855 MILLION OF ORDERS BEYOND 2023.   Massimo Perotti, Chairman and CEO of the Company, commented: «The excellent results approved today by the Board of Directors are yet another confirmation of the strength of the Sanlorenzo brand and of its peculiar high-end luxury maison business model, that makes our growth strategy sustainable even in challenging macroeconomic and geopolitical scenarios. The traditional markets where Sanlorenzo boasts an undisputed leadership – geographically, Europe, and in terms of size, the 30-50 metres segment, – confirm a constant healthy growth. The order intake in the third quarter was broadly satisfactory, also thanks to the excellent welcome received by the new world premiered models at the Cannes Yachting Festival: the SX100 expanding the cross-over line, with which Sanlorenzo created a new market segment, and the BGM75, the first of an innovative line of luxury multi-hulls, radically changing the paradigm of the segment, addressing the new generations of yachtsmen. We approach the next years with optimism, strong of a high-quality backlog at record highs, 91% sold to final clients. Revenues for 2023 are already substantially covered and the visibility over the coming years gives us peace of mind. We keep moving forward at a fast pace in the execution of our "Road to 2030" by implementing avant-garde green techs within the yachting industry. The recent news on the Lloyd’s Register certification for the fuel cell system co-developed with Siemens Energy confirms the validity of our path. An unquestionable recognition of the Group’s technological credibility and leadership in trailblazing the route towards an ever more sustainable yachting. Our continuous pioneering journey makes me proud.»   #SanlorenzoYacht #MassimoPerotti #9M2023 #financialresults   ENG: https://lnkd.in/dUcXW_NK   ITA: https://lnkd.in/dwWjrwz5

Italian luxury yacht maker Sanlorenzo reported a 15% year-on-year (YoY) increase in revenues from new yachts to €626m for the first nine months of 2023, supported by strong demand for its high-end vessels and higher prices. Net profit for the period surged 27% to €67m as the company benefited from improved margins. Revenue growth was broad-based, with yachts contributing €388m and superyachts €171m. The company’s Bluegame division also saw revenues rise 28%YoY to €67m during the nine months under review. Europe accounted for the largest share of new yacht revenues at 70%, followed by the Americas at 11%. Sanlorenzo has an orderbook of €1.7bn, with deliveries sold out through 2026 for the Yacht division and up to 2027 for the Superyacht division. The Bluegame division has deliveries sold out through 2025.

Great to sit down and speak to Fabio Ermetto, CCO of Baglietto Yachts, about the shipyard’s expansion into explorer yachts and why it believes in an incremental growth strategy 🛥️ Read my interview here: ⬇️ #superyachts #yachts