Regarding the yacht industry, according to Research & Markets, the recreational boats market is expected to grow at a CAGR of 7.8% from 2020 to 2027, reaching $54.9 billion by 2027. Growth in economic development, participation in boating activities, boat engine innovation, and the rise of disposable income are some of the factors that attribute to the positive forecast. Manufacturers are riding on these trends as well as the ever-increasing popularity of boating in China, Japan, Australia and other countries in Asia.1
In addition to Italy’s Fincantieri, Monaco-based Wally Yachts and British Sunseeker, recently the biggest producer has been Azimut-Benetti with 101 boats in its orderbook2 . The Ferretti Group – which includes Ferretti Yachts, Riva, Pershing, Itama, and Wally – reports a record-breaking first quarter EBITDA in 20213 . Research by Technavio suggests the wider market is set to grow by 310 units between 2020 and 2024, a CAGR of over 11 per cent4 .
The Netherlands remains one of top86 million , but Italy has overtaken the country as the world’s biggest producer of superyachts . The industry grew here as a diversification of shipping infrastructure, historically developed to export marble mined in Tuscany, combined with a strong history of craftsmanship.
