pigs at the trough

Despite some initial wobbles in 2020 when Covid-19 first struck, the superyacht industry has largely shrugged off the pandemic to record the third year of consistent order book growth. The 2022 Global Order Book records an impressive 1,024 projects in build or on order, a rise of 24.7 percent on last year’s 821.

More than 40 kilometers of superyachts will be built, launched, and delivered between now and 2026, the result of unprecedented demand on shipyards. And according to discussions with builders, dealers and brokers, it was the fourth quarter of 2020 that proved a pivotal turning point for the industry, with orders surging from this period. Smaller semi-custom ranges soaked up a significant chunk of this increased demand, stocks of which quickly sold through.

Shipyards saw buyers clamor for their products in response to harsh lockdowns and travel restrictions the world over, with buyers seeing superyachts as private, Covid-secure floating islands to take refuge on.

Read the fairly extensive report thanks to Boat International.