What is the outcome for the superyacht market in 2014?

Ahead of the London Yacht, Jet and Prestige Car Show, which took place April 7-10, SuperYacht Company released statistics on the 2014 superyacht newbuilding market. Here are the trends.

Total units over 30 meters built

In 2014, shipyards around the world delivered 156 superyachts over 30 m, with a total length of 6,769 m, the equivalent of 60 soccer fields. The market recorded a 3% decrease compared to 2013, when 159 units were sold. This result is related to the fact that all yachts delivered in 2014 were sold during the financial crisis. The largest yacht delivered in 2014, Ocean Victory was built in the Italian shipyards of Fincantieri and is 140 meters long.

Global market leaders

A total of 76 shipyards in 20 countries have built these 156 superyachts. The market leader is Benetti with 13 deliveries, followed by Sunseeker and Sanlorenzo, which both delivered 11 units. Italy is the largest superyacht builder with a 40 percent market share. The Netherlands follows with 10% of the market.

Benetti Yachts
Sunseeker
Sanlorenzo

Total budget

The total value of all yachts, sailing and motor, over 30 meters, built in 2014 is 3.8 billion euros with an average price of 24.4 million euros per boat. The average value of motor yachts over 30 meters is considerably higher than that of sailing yachts over 30 meters, with an average sales price of ?25.8 million for the former versus ?13 million for the latter.

New project

Despite a drop in superyacht deliveries, new projects increased by 21.2 percent. Between January and December 2014, 181 new projects for yachts over 30 meters were registered. This represents a 13.8 percent increase over the 159 new projects in 2013.

Unit size

The total length of all these new projects is 8,685 m, 3,700 m more than in 2010 and 1,519 m more than in 2013. The average size per project is 48 m, up 3 percent from 2013, with an average length of 45.1 m. The largest project announced to the public is the 116m shipping superyacht currently under construction at the Kleven yard in Norway. A new confidential project of 140 m in length will be announced soon.

116 meter expedition superyacht under construction at Kleven Shipyard - 2016
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