Many boat builders have always found yacht building to be a challenging, but rewarding experience. The grace and majesty that the larger sailing Yachts possess is what makes a Yacht different from a traditional vessel. Review the latest trends and sales statistics in the yachting industry. Read more now on yacht broker mallorca

A SAMPLE JOB MARKET

The US boatbuilding industry has recognized that yacht construction is a complex process, which historically requires highly-skilled labor. Statistics show that due to the complexity of the factors involved, a project worth $40000 only provides one job for the Rhode Island and Florida Yacht Development efforts. The US economy is threatened by low-cost overseas workers, but the shortage of yacht builders far outweighs this.

STATISTICS FOR YEAR 2004

Yacht Forums, a popular website, reports that the top 20 yacht builders in the world hold 52 percent of global market share. Azimut Benetti is the leading boat yard in Italy. In a single year, they worked on 59 projects and produced or sold more than 7000 feet. Statistics also reveal that the two other rivals of the Italian Group are locals. The Ferretti and Rodriguez groups each sold or provided over 4000 feet in yachts. These groups build semi-custom fiberglass boats. These figures reveal that Italy, Netherlands, and the United States are the top three yacht-building countries. The statistics on yacht building reveal that manufacturers sell bigger yachts every year. Lurssen produced three of the largest yachts in 2004. The majority of yachts were made from steel, except for Athena made by Royal Huis. According to the yacht statistics, the majority of large boats are between 80 and 90 feet long.

SALES INCREASE

The owners of 76 percent yachts ordered them custom. Statisticians also state that 449 of the yachts sold were pre-ordered, compared to 136 boats with no previous customer. Every year, the trend of owning a home increases. In 2004, the number of yachts sold increased by 15 percent compared to the previous year. In 2004, 518 motorboats were sold compared to only 69 traditional sailing boats. The leading sailing boat manufacturer in the world was Perini Navi of Italy. The majority of yachts were constructed with fiberglass, aluminum or steel hulls. MTU Friedrichshafen and Caterpillar, two German companies, are the top engine manufacturers for yachts. These statistics are even more impressive when we consider that they together hold over 75 percent of market share for yacht engines.

STATISTICS CURRENT

According to statistics from the Monaco Yacht Show’s luxury yacht market report, 2005 saw a 25 percent increase in sales. In 2006, the sales of luxury yachts increased by 8 percent. The statistics show that the average yacht length increased from 34.56 meters to 36.25 metres in 2006. In 2006, 688 of the mega yachts were longer than 24 meters. These figures include both sailing and motor-driven yachts. The same report also suggests that sailing yacht sales have declined since 2002. In 2006, the sailing yacht market declined by 8 percent from the year before.