The good, the bad and the ugly (February 23, 2022)

In The Superyacht New Build Report we look at how wealth growth matches up against the number of fleet deliveries…
In the upcoming edition of The Superyacht New Build Report we take a look into what the true potential of the market really is. With data sourced from both The Superyacht Agency and Knight Frank we were able to decipher whether or not fluctuating UHNW wealth affected the superyacht industry in the 30 metre plus bracket. In this article readers we offer a snapshot view of one of many in-depth articles in The Superyacht New Build Report.
For the past couple of years the stakeholders of the superyacht industry have been relentlessly calling the market, for want of a better word, ‘booming’ – and for good reason. Even the traditional giants of the industry, Nobiskrug and Perini Navi, were able to rise from the ashes of the pandemic in the latter half of 2021. The good perspective is that brokerage houses, yacht builders and refit yards all reported enormous profits last year, with some businesses describing their year as ‘unprecedented’. Most of the order books are already full up and stretch into the latter half of the decade. Financially speaking, most people in the superyacht industry have had a pretty good time, especially when you take into account how many companies have already secured business for the next few years.

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