Wed, 02 Jul 2025

Wed, 02 Jul 2025 Why the world's superyachts are getting bigger and bigger

Billionaires and multimillionaires around the globe are trading up for more space and luxury.

* The superyacht industry is booming, with a record 1,203 new vessels being built or ordered in 2023.
* The average size of superyachts is increasing, with 61 boats over 76m in length being made so far this year.
* Sales of smaller superyachts (24-27m) are down due to buyers "trading up" to larger vessels.
* Prices for new superyachts range from €36m to €295m, depending on size and features.
* Italy is the leading producer of superyachts, with 50% of all global production taking place there.
* The Italian shipbuilding industry earned a record €8.3bn in revenue from making superyachts in 2023.
* Buyers are increasingly requesting larger windows, more outdoor space, and easier access to the water on their superyachts.
* Sales to Russian buyers have fallen due to sanctions against Russia and its elites.
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