The global superyacht industry started 2020 very well, with a high level of sales. However the Covid-19 pandemic hit the industry severely in the second quarter of the year. Afterwards, superyacht sales recovered rapidly, with the used yacht market in particular posting very impressive results in the third and fourth quarters of 2020. The positive momentum in the superyacht market has carried on into 2021 and we are expecting a very busy year in 2021 for superyacht sales, both new and used.
The fleet
The global fleet over 30 metres in length consisted of 5,245 superyachts in operation at the start of 2021. In addition, there are also around 84 superyachts out of service, while about 195 superyachts have been completely lost since 1945. 84% of the global fleet consists of motor yachts and 16% of sailing yachts. In 2020, 150 superyachts were completed. This is slightly less than 2019 when 158 superyachts were completed. Continue reading “The State of Yachting 2021 report from SuperYacht Times”