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The leaders of the superyacht market: before and after the crisis

Posted on November 28, 20182min read

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Like many other industries, the construction of superyachts has flourished just before the global financial crisis of 2008. 10 years later, the overall market recovered from the shock, although from the point of view of volume of production is not even close back to the record pre-crisis indicators.

Superyacht Times has compared the period 2007-2009 2015-2017 years — the last triennium, on which today there is comprehensive official data. These figures shows that the number of produced yachts longer than 30 meters fell by 375 units (from 713 to 443 buildings). The market is consolidated: top ten players in the total supply volume increased from 32% to 44%.

List of major players has changed significantly. Sanlorenzo has increased its sales almost tripled, while Benetti and Sunseeker have remained relatively stable in their more modest production volumes.

Meanwhile, the supply of Feadship and Custom Line also increased by 20-30% (a gross tonnage of boats Feadship has grown by more than 50%). Gulf Craft has risen in the ranking to fifth place, increasing its productivity by 50% — from 12 yachts in 2007-2009 to 18 in 2015-2017, Taiwan Ocean Alexander year of 2009 brought only a yacht over 30 meters, and by 2015-2017, this figure rose to 14 boards.

The most impressive accomplishment — the newcomers of the rating of the largest superyacht shipyard Princess Yachts and Monte Carlo Yachts. First debuted on the market 30+ in 2011, the second was founded in 2008 and until 2015 did not build the boats over 30 meters.

Stably held at the end of the top Heesen. This is despite the fact that the volume of deliveries from shipyards declined from 14 boards in 2007-2009 to 10 in 2015-2017.

Overmarine, famous for its brand name Mangusta and Leopard Yachts has been hit hard by the economic crisis. Leopard Yachts until recently, did not deliver new yachts, the Overmarine from 2015 to 2017 delivered to the customer only eight sides. However, Overmarine managed to win over the years and now it is much more diverse portfolio of composite, steel and aluminum motor yachts.

The production of yachts over 30 meters Azimut fell to just five boards in the years 2015-2017. But judging by the recent premieres of several new models about 30 meters and above, the company, it seems, intends to strengthen its position in this market.

Another Italian shipyard, Baglietto, is also out of the top 10. In 2015-2017, she brought only five boats longer than 30 meters. At the same time, these projects more than anything ever built at the shipyard prior to that. Over the past year, the company signed several contracts for the construction of custom projects.

Finally, Westport has suffered from falling demand for boats built in the UK. However, the company recently introduced several new models, and the shipyards are hard at work on the construction of a significant number of projects.

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The leaders of the superyacht market: before and after the crisis

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The leaders of the superyacht market: before and after the crisis

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