Strong and Resilient Growth Path
DETAILS ON BUSINESS PLAN DRIVERS
Supply growth has been significant but overall constrained
Robust growth of supply in recent years has still not matched the growth rate of the addressable customer base, generating an
overall scarcity effect in the industry
Number of yachts >24m built each year
Of which 47.6% built in Italy 1
x%
Estimated current penetration of
yachting into UHNWI population²
830
807
821
754
760
773
735
734
692
3%
1,024
1,203
2.5%
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Largely untapped client base, penetration
rate below 3%
On average, supply has grown historically
by 51 yachts p.a.³, compared to a growth
of approx. 26k UHNWIs p.a.³
1.
2.
Source: Global Order Book 2023 - BOAT International, December 2022. The Global Order Book counts all projects over 24 metres length overall on order or in build signed with a minimum 10% deposit received, on 1 September each year
Source: The state of the art of the global yachting market - Deloitte and Confindustria Nautica, April 2023
3.
Note: supply average growth calculated over the 2013-2023 timespan, while number of UHNWIS average growth calculated over the 2013-2021 timespan
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