The Azimut|Benetti Group has been named the leading global manufacturer of mega yachts for the 25th year, holding a 20% share of the market, according to the 2025 Global Order Book published by Boat International. The Group, which specializes in yachts over 24 meters, recorded 164 units under construction, totaling 5,905 meters in length.Azimut Seadeck 7 Hybrid ProjectThe company attributes its sustained success to strategic pillars such as product innovation, a focus on quality, global market reach, and investment in talent. Revenues for the fiscal year ending August 31, 2024, reached €1.3 billion, with a robust order portfolio extending through 2029.Azimut|Benetti Group’s product range spans Azimut’s 12 to 44-meter yachts and Benetti’s larger vessels, including custom mega yachts exceeding 100 meters. The Group has introduced designs aimed at redefining onboard living spaces, with models such as the Azimut Seadeck Series and the Benetti Oasis garnering attention for their innovative concepts.In recent years, the Group has prioritized emissions reduction. Azimut offers a fleet where over half of the yachts are classified as Low Emission Yachts, incorporating varying levels of hybrid technology. Benetti, meanwhile, has 10 hybrid mega yachts under construction and hybrid options across most of its product lines. Notable models include Azimut’s Seadeck Series, with a reported 40% reduction in CO2 emissions, and Benetti’s B.Yond line, which achieves reductions of 24% in CO2 and 80% in NOX emissions.Benetti Veranda DeckAzimut|Benetti emphasizes in-house production for critical components and partners with a select supply chain to maintain quality. The Light Steel Hub in Tuscany and the upcoming Composite Hub for fiberglass and carbon fiber production are central to these efforts. The company also plans to expand its Lusben division, which specializes in refits for large yachts.Geographically, the Group balances its market presence between Europe, the United States, and MEA-APAC regions, leveraging exclusive dealer networks and strategic collaborations to manage local risks and optimize offerings.Benetti Veranda DeckThe company reports an 18% increase in staff over the past six years, driven by growth in operations. To preserve its expertise and culture, Azimut|Benetti has launched initiatives such as a Corporate Academy to transfer knowledge between generations and the “Nauticità” project, which allows employees to experience life aboard the company’s yachts.As the Group celebrates its 25th consecutive year as a market leader, its focus remains on long-term sustainability, technological innovation, and maintaining high standards across its operations.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
December 12, 2024