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Luxury Yacht Market
In 2022, a record 1,024 Super Yachts, i.e., yachts exceeding 80 feet — are either under construction or on order. This is a 25% increase on 2021, and it exceeds the previous 2008 peak. This sees established shipyards unable to keep up with demand – as the global ultra-rich seek refuge from crowds and Covid-19 on their nine-figure floating palaces. The trend is showing that stocks are already spoken for in 2022 and almost entirely for 2023. As a result, buyers have to wait three to five years to receive their custom orders. Also, speculative production, i.e., the number of boats started without owners, is at its lowest known level.
In 2021, 887 Superyachts were sold – a 77% jump from the previous year and more than double the number in 2019. In the same year, the top shipbuilding yard (with the strongest production rate accounting for 12.5% of the global total), Azimut-Benetti, with 128 projects, saw a production value in excess of €1bn, a 20% rise on 2020/2021: end-to-end those vessels would stretch to more than 4.6 kilometers. Another major player, LURSSEN, dominates the Superyacht market. LURSSEN accounts for more than 70 Superyachts in production or launched. LURSSEN is, in fact, the biggest shipyard in the Superyacht market and has launched the largest of the Superyachts to date: from 60–180m long.
At the time of writing, there are 186 active yards building superyachts, a rise of 4% in 2021. New players are attracted to the increased demand and the opportunities that arise now that established shipyards have reached capacity.
This means that the pNFT shareholder opportunity gives YCLUB’s community users access to a market that is currently experiencing spectacular growth.
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