“The luxury yachting industry is experiencing an unprecedented expansion, with demand continuing to outstrip supply. Industry players have to invest in innovation and production capacity to meet the demands of an increasingly sophisticated and customization-focused clientele,” said Claudia D’Arpizio, Global Head of Fashion & Luxury at Bain & Company.

Added to these elements is a decidedly positive growth outlook: forecasts indicate a 6% annual increase in the period 2024-2030, driven by the expansion of the ultra-high-net-worth individuals (UHNWI) client base, whose number is expected to increase by 9% CAGR (Compounded Average Growth Rate) between 2022 and 2026, an acceleration compared to the +4% CAGR recorded between 2017 and 2022.

In addition to the production of new units, the refitting sector is experiencing significant growth, with investments in new facilities by the main European players. This sector benefits from the increase in the global yacht fleet (+2-3% CAGR), which fuels the demand for refurbishments and technological upgrades.