SUPERYACHT MARKET ANALYSIS

The global superyacht market has been facing considerable restraints in its growth trajectory due to prevailing volatile economic conditions across several countries worldwide. The geopolitical uncertainties caused by issues such as rising trade tensions, Brexit negotiations, national elections, etc. have negatively impacted the confidence of wealthy customers in making big-ticket luxury purchases. This is reflected in the declining numbers of superyacht orders and deliveries over the past couple of years.

Market Opportunities: Growth of Charter Segment

The global superyacht market has seen steady growth over the past decade, driven significantly by the charter business. As affluent individuals seek new experiences and ways to vacation without the hassles of ownership, chartering superyachts has emerged as a popular luxury option. This allows travelers to enjoy all the amenities and services of a large yacht without the high ownership costs. With more empty nesters and younger wealthy professionals valuing experiences over possessions, the flexibility and access provided by chartering is highly appealing.