According to Italian Marine Industry Association, the global yachting market has grown significantly, reaching a total turnover of 33 billion euros in the most recent year, an 11% increase from the previous year. This growth, which has averaged a compound annual growth rate (CAGR) of 10% since 2014, is primarily driven by increased demand and rising prices. North America and Europe dominate the market, accounting for approximately 70% of global sales. Motorboats represent about 90% of the market, with outboard engines prevalent in North America and inboard engines more common in Europe.
Superyacht Market Sees 21% Growth
The superyacht market alone reached a value of 25.3 billion euros, a 21% increase from the previous year. The order book recorded 600 units, with the segment for yachts over 60 meters contributing significantly. The primary demand is for yachts between 30 and 40 meters, often constructed with steel and composite materials.
Increased Penetration in the Luxury Market
Although superyachts remain a niche within the luxury market, the segment has shown a CAGR of 5.4% since 2019. The industry's profitability has been improving, with a 5.5% increase in margins from 2015 to 2022. Despite a slight drop in potential demand due to fewer billionaires in 2022, the superyacht order book showed a positive trend, indicating significant untapped potential in the market.
Mergers and Acquisitions in Yachting
From 2021 to 2023, there were approximately 400 M&A deals in the yachting sector, with North America seeing the majority. Most deals were in downstream segments of the value chain. Marine operators were involved in around 60% of these transactions, and financial investors accounted for about 20%. Italy saw 30 M&A deals, mainly in marine components and equipment.
Italian Shipyards' Growth
Italian shipyards produced 4.4 billion euros worth of yachts in 2022, a 20% increase from the previous year. Superyacht production is a major contributor, with 70% of the value coming from this segment. Italian yards focus mainly on inboard boats and have seen a CAGR of 15.6% from 2017 to 2022. About 90% of Italian production is exported.
Italy's Leadership in Superyacht Production
Italy remains the world leader in superyacht production, holding a 54% market share by volume and 31% by order book value. The country ranks second globally in overall yacht production, with a 15% market share, which increases to 25% for inboard yachts.
Positive Market Outlook
For 2023, the Italian shipbuilding segment is expected to grow by 5% to 15%. Globally, the retail yacht market is projected to grow by 8%, with a CAGR of 6% from 2024 to 2026. Large yachts will drive market growth, while the craft boat segment is expected to slow. The sailing segment is forecasted to continue its positive trend with a growth rate of 3% to 5%.
Credits: Confindustria Nautica
Acquera, a company specializing in personalized services for mega yachts, is set to make a significant impact at the 2024 Monaco Yacht Show with the unveiling of its new brand image. The event, taking place from September 25th to 28th, marks the beginning of the 2024-2025 nautical season and will serve as the platform for Acquera's rebranding debut.Founded in 2018 by Stefano Tositti, Acquera has undergone a comprehensive rebranding process over several months, resulting in a refreshed and more visually striking corporate identity. This new brand image aims to unify the various companies within the Acquera group under a strong, recognizable brand that reflects the company's innovative spirit and future-focused vision.Acquera will welcome customers in a prominent location at the Monaco Yacht Show, situated within The Lounge @ MK Club. The stand, described as the largest and most refined ever for the company, will be shared with four other notable brands in the sector: The Super Yacht Group, MedAire, Dsnm, and Wilson Halligan Recruiter. This collaborative project is designed to foster connections and create synergies that will elevate industry standards.Caterina Oliviero, Chief Commercial Officer of Acquera, emphasized the significance of the Monaco Yacht Show as the ideal venue for presenting the company's new image. "We are particularly proud to do so in this exclusive Lounge, in collaboration with four companies with which we share the same desire to enhance the sector to a higher level," said Oliviero. She also highlighted the event's potential for generating new ideas and expanding Acquera's customer base.The rebranding effort focuses on making the company's iconography more visually impactful, with new color codes that enhance readability and a greater emphasis on images over text. The goal is to communicate Acquera's new positioning in the market, showcasing its commitment to innovation and the development of the yachting industry.Acquera's presence at the Monaco Yacht Show underscores its commitment to forming strategic partnerships and offering comprehensive services to all industry stakeholders, including yacht owners, captains, and other professionals. The company will be located at The Lounge, MK Club, 18 Rte de la Piscine, 98000 Monaco, from September 25th to 28th.Credit: Acquera
September 6, 2024
The Italian Sea Group has recently launched the ADM 67m, a 67-meter superyacht from the Admiral fleet. The yacht, a product of collaboration between The Italian Sea Group’s CENTRO STILE and British designer Mark Berryman, is set to make its world premiere at the Monaco Yacht Show from September 25 to 28, 2024.The ADM 67m features a design characterized by bold, sculptural lines combined with refined details. The yacht’s exterior and interior layout were crafted by CENTRO STILE, while the interior design was developed by Berryman and executed by CELI 1920, The Italian Sea Group’s cabinet-making division. According to Giovanni Costantino, Founder and CEO of The Italian Sea Group, the yacht’s aesthetic reflects a balance of harmony and audacity, consistent with the Admiral fleet’s design philosophy.The ADM 67m’s design concept is built around a new relationship between internal and external spaces, with large, floor-to-ceiling glass walls that create versatile hybrid zones. These spaces can adapt to various guest needs, time of day, and weather conditions, offering a unique at-sea experience. The yacht also features fold-down balconies and large hatches that enhance usable space, providing dedicated areas for outdoor activities and relaxation.The yacht’s interiors are described as luxurious yet understated, with a calming color palette that includes warm whites, sand, beige, and natural tones. The design maintains a contemporary and sophisticated style without excess, aiming to create a serene and informal atmosphere on board.The ADM 67m is the latest addition to The Italian Sea Group’s Admiral fleet and is expected to draw significant attention at the upcoming Monaco Yacht Show.Credit: The Italian Sea Group
September 6, 2024
Maxim Yachts, a new entrant in the nautical industry, is making its first public appearance at the Genoa Boat Show from September 19 to 24. The Barcelona-based shipyard, which specializes in the production of 36 to 56-foot day cruisers, is introducing two new models: the Neo 43 Race and Neo 43 Comfort. These models are part of a five-yacht range that reflects the company's focus on high performance and innovative design.Maxim Yachts, established in 1971, has positioned itself as a leader in the luxury day cruiser segment. The company's production facility in Barcelona spans 6,000 square meters and employs 30 engineers and technicians. The shipyard, with an annual capacity of 12 to 24 units, prides itself on advanced technology, sustainable production practices, and a commitment to customization.The Neo 43 Race and Neo 43 Comfort are both designed to meet the demands of discerning yacht enthusiasts. The Neo 43 Race is built for speed and maneuverability, powered by two outboard engines that enable a top speed of 45 knots and a cruising speed of 30 knots. The yacht features two double cabins, with one cabin convertible into a relaxation area. The interior is contemporary, with optional televisions in both cabins. The yacht also includes a 1,250-liter fuel tank and a 300-liter water tank, providing significant range.The Neo 43 Comfort, on the other hand, is tailored for long-term cruising with a focus on luxury and space. This model includes two double cabins and two inboard engines, achieving a top speed of 42 knots and a cruising speed of 25 knots. Like the Race model, it is equipped with a 1,250-liter fuel tank and a 300-liter water tank. The interior is finished with high-quality materials, offering a refined environment for extended stays on board.Maxim Yachts’ CEO highlighted the company’s dedication to personalization and quality, emphasizing that limited production ensures attention to detail in every yacht. The introduction of the Neo 43 Race and Neo 43 Comfort models marks a significant milestone for the company as it enters the competitive luxury yacht market.Credit: Maxim Yachts
September 6, 2024
Denison Yachting has announced the sale of a new construction 80' YYachts Y8, with the transaction managed by Denison broker Claudio Cozzi on behalf of the buyer. The Y8, an advanced iteration of the first YYacht model, was developed in collaboration with Surge Projects, led by designer Javier Jaudenes.The full-carbon Y8 has been designed with performance and safety in mind, featuring a wider stern and a mast positioned further aft to enhance speed and stability. Among its standard features are a transverse garage, a self-tacking jib, and separate crew access, all aimed at improving the yacht’s functionality and ease of use. The flat deckhouse, with optimally placed windows, contributes to the yacht’s sleek profile and increased interior light.The Y8 offers a 20% increase in interior volume compared to previous models, with a flexible layout that can accommodate up to five guest cabins. The master suite location is customizable to meet the owner's preferences. The yacht's engine room, positioned under the saloon floor, contributes to the improved balance and space efficiency.Ease of handling is a key feature of the Y8, with concealed halyards and sheets allowing the yacht to be operated by a small crew. The CZone system, which underpins the yacht's electronics, enables remote troubleshooting. Built using lightweight and sustainable materials, the Y8 is designed for low-emission sailing, particularly in light wind conditions.The Y8 is set for delivery in May 2025, with plans for the new owner to sail her in the Mediterranean during the summer.Credit: Denison Yachting
September 5, 2024
The 28.93-meter Sanlorenzo motor yacht, Speranza II, has been listed for sale by Camper & Nicholsons, represented by Julien Solari. The semi-displacement yacht is being offered with VAT paid and is presented in excellent condition.Speranza II is a prime example of the SD96 model, known for its balance of performance and luxury. Designed by Zuccon International Project, the yacht features modern exterior lines and spacious outdoor areas, including a bridge deck with versatile seating and dining options. The upper deck's indoor/outdoor dining area, with folding doors and windows, is particularly noteworthy, allowing for flexible use of space.Inside, the yacht accommodates up to 11 guests across five en suite cabins, including a full-beam master suite on the main deck. The interior, also designed by Zuccon International Project, is characterized by a calming cream and beige color scheme, honey-toned marble, and subtle golden accents, creating a warm and inviting atmosphere.Speranza II is equipped with zero-speed and underway CMC stabilizers, ensuring comfort for guests both at anchor and while cruising. Powered by MTU engines, the yacht has a top speed of 18 knots and a cruising speed of 14 knots, with a range of over 1,800 nautical miles at 10 knots.With its combination of comfort, performance, and flexible layout, Speranza II is well-suited for both private family use and charter opportunities. The yacht has been meticulously maintained, making it an attractive option for those in the market for a modern, spacious vessel.Credit: Camper & Nicholsons International
September 5, 2024