Altagamma-Deloitte’s study shows the Italian sector contributes €27.7 billion annually and employs around 157,000 people, with further untapped potential…
The Italian nautical industry grew three times faster than the country’s GDP between 2012 and 2022, according to findings from an Altagamma-Deloitte study. The sector’s overall impact is also almost three times its direct economic impact and six times its employment impact. There is, however, room for further unexpressed potential.
“The analysis shows not only the value of the Italian nautical industry but also the untapped potential of a sector with significant growth margin,” says Giovanna Vitelli, Vice President of Altagamma’s nautical sector and Chair of the Azimut|Benetti group. “Although Italy is the world leader in superyacht construction, only 6 per cent of these vessels fly the Italian flag. This limits the positive impact superyachts can generate locally.”