Superyacht Captains Forum at YARE presents 2022 market data

The Superyacht Captains Forum took place during YARE (Yachting Aftersales & Refit Experience) earlier this week, where an in-depth analysis of the state of the market in 2022 took place.

Some of the data presented at The Superyacht Forum by Martine H. Redmayne of The Superyacht Group, YARE’s international media partner, included the fact Italy is in the top 10 countries in the world with the highest number of shipyards and refit companies, second only to the US and ahead of Turkey, Spain and France.

In the opening speech, YARE president Vincenzo Poerio underlined the results of the nautical industry recently provided by Confindustria Nautica: A turnover of almost €6 billion (c. US$6.6 billion) last year and exports for approximately €3 billion (c. $3.3 billion), the highest ever.

“It is certainly a golden moment that must drive us to think ahead and face the new global challenges, including the ecological transition,” Poerio noted. “YARE is the ideal occasion to address these issues thanks to the presence of important companies operating globally in the superyacht segment and pursuing ways to improve their products and services.

“At YARE, The Passerelle Pitch gives the chance to the companies to present projects and innovations and get visibility and feedback by the entire audience. The same is true for the RINA Captains’ Awards highlighting the professionalism and expertise of the captains. Vision, strategy, training and networking are the key to face future challenges in our sector.”

The ongoing conflict between Russia and Ukraine and the possible repercussions on yachting was also addressed. According to NAVIGO, the percentage of Russian superyacht buyers is around 19% of the market, which should not have a big impact on the global industry.

Numbers in the world fleet were also provided, with forecasts for 2020-2030 (numbers provided in metres): In the range of 30m to 45m, 1,209 units are expected; between 45m and 60m, an increase of 290 yachts. For the fleet in the 60m to 90m range, no substantial changes are expected: 151 yachts in the period 2011-2020 and 149 between 2020-2030; for yachts over 90m, it is expected to increase from 43 to 62 mega yachts. Overall, the difference will be 92 extra units.

For more information, visit YARE.

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