Italian superyacht-building continues to lead the sector globally

Italy confirms its position as the first among the top 20 superyacht-building countries with a total length of about 19,158m of superyacht in production in 2022 from 523 projects, at an average length of 101.2m, as reported by The Global Order Book, by BOAT International US Edition. Of the total of projects in the Global Order Book, 50% are being built in Italy. The top-tier country producer was followed at a considerable distance by The Netherlands (4,681m total length – 75 projects – 62.4m average length) and Turkey (4,010m total length – 91 projects – 44.1m average length).

 

2022 forecasts expect 1,024 projects on order or under construction, a rise of 24.7% in comparison with 2021, as a result of an unprecedented demand of superyachts, to remain stable until 2026. Demand is strong across all segments of the industry, with a significant rise for expedition yachts (+33%), sportfishers (+133%), and sailing yachts (+18.6%).

 

The number of active shipyards across the globe continues to grow from the 10-year low of 2018, with 151 active yards, to current 186 active yards building superyachts (+4% from 2021).

 

Among the top-tier builders, Azimut-Benetti tops the volume charts with its 128 projects, up 28 units with respect to 2021. Sanlorenzo comes in second place with 117 projects in build or on order. Ferretti Group appears in the top three most productive yards. Along with the top three, other Italian shipyards, as Overmarine, The Italian Sea Group, Baglietto, Cantiere delle Marche, and Palumbo, deserve special attention as they have shown substantial growth in the total length of production.