ShowBoats International has recently published its Global Order Book for 2016 recording the market for yacht builds of over 24m (78.7ft).
What has emerged is that the Italians are holding a strong position at the top of the chart with 286 new build projects for 2016, while expedition yacht orders have increased 17% from last year. The market for yachts of over 100m remains strong with 21 in build and four delivered in 2015. ShowBoats also noted that many projects that were reported as being ‘on hold’ for several years have now become active again and the refit sector continues to grow in health.
Ranked in first place in order of build length, Azimut Benetti has 63 new build projects for 2016 to 2,580m, in second place Sanlorenzo has 54 to 1,891m and Ferretti Group, in third place, has 56 to 1,781m. The surprise mover at the top of the chart was Alexander Marine, going from 14th position in 2015 to 4th place in 2016 with 1,089m.
Alexander Marine, the US importer of the Ocean Alexander brand, reported at the beginning of 2015 that it had ended 2014 with strong sales holding a respectable position in the US domestic market, which has suffered due to the dollar’s strength against the euro.
ShowBoats International found that there are 755 yachts of 24m or over on order – a number made up of 18 sportfishers, 40 open boats, 55 expedition yachts, 84 sailing yachts and 558 motoryachts. This indicates the clearly diminishing appeal of the sailing yacht representing 11% down from an average of around 20% in previous years. The build of sailing yachts has been concentrated among several players who dominate the sector – Oyster, Southern Wind, Vitters and Royal Huisman.
The Italians dominate the market over 24m, with a strong order book of builds between 24 to 30m. The Italians would have been most effected by the new NOx Tier III regs coming into effect on 1st January 2016. But a serious dent in the market has been avoided by successful lobbying from ICOMIA and SYBAss, who have achieved a five year postponement for compliance for yachts over 24 metres and less than 500gt – a very Italian niche.
The Netherlands remains in second place with 68 new build projects for 2016. In third place is Turkey with 71, and fourth place Taiwan, with 74. Overall 2015 had not been as strong as expected, blamed somewhat on the Russian market – impacted negatively by economic sanctions, a drop in oil prices and political unrest.
Source: ShowBoats International