Forecasts of a stable market with commitments in innovation, sustainability, training and services to maintain leadershi. At Yare, this morning, The Superyacht Captains Forum
“Innovation, services and training are the keywords for facing the medium and long-term future in the Superyacht industry, both in terms of production and refitting: to face the scenarios that will unfold in the next few years, to maintain leadership in the market, to be ready to earn the new emerging ones”. This is the message that Vincenzo Poerio, president of YARE launched at the opening of The Superyacht Forum Captains held this morning with the participation of over 350 people – during YARE (Yachting Aftersales & Refit Experience) scheduled until tomorrow, Friday 17 March – .
Event that, for 13 editions, has brought together superyacht captains, shipyards, companies, insiders in an appointment that allows discussion on many topics in the sector to improve relations between those who work in the services, refit and after-sales sectors and the representatives of shipowners and charter companies. “Italy plays the role of world leader in the nautical sector – underlined Poerio -. The latest data on the sector consolidate structural growth and – even with the current economic-political scenarios – the result is exceptional with a global turnover that recorded the figure of 6.1 billion in 2021 and a double-digit percentage increase”.
Martin Redmayne, journalist and editor of The Superyacht Group international media partner and organizer of the forum, in his presentation on the future of the market offered an overview of the trend of yachts underway and under delivery over the next decade (2020s – 2031). According to data from the market intelligence of The Superyacht Group, superyachts (in the range between 30 and up to +90 meters) increased by 174 units delivered by the end of 2022, forming a total fleet of 5,902 boats. The main categories of the market remain yachts from 30 to 60 meters. with interesting developments in the higher length ranges and with an annual trend of deliveries – from now until 2031 – stabilized at an average of 165 yachts/year. A forecast that also takes into account new emerging markets such as those offered by some countries such as Egypt, the United Arab Emirates, Greece, Montenegro up to Vietnam where tourist landings and requests are developing. The data that emerged this morning also reflects a fundamental trend to give stability to the refit, aftermarket and services market.
“In our country there is a single large district where large and historic brands are flanked by highly competent companies that strengthen their position – explained Poerio – If on the one hand it is necessary to have great skills and great creativity as shown by our entrepreneurs to continue in the process of consolidating our leadership – Italian and European – and in its international growth, it is necessary to combine flair and competence, a capacity for cohesion and collaboration between companies of the whole sector to face new industrial policies and new scenarios internal and external caused by war and energy crisis”.
There are three focuses that need to be worked on: innovation, services and training. Innovation as the development of new products and improvement of existing ones and sustainability, but also the evolution of the management of work processes and digitization while maintaining a custom-made soul which is one of the strengths of the Italian nautical industry. Overall, the number of people employed in the nautical sector has increased and the positive trend has transversally characterized all sectors of the sector: a conversion of employees to new, more digital, more interconnected work systems is needed. Reception services on board and on land, ports and marinas are essential for providing assistance to our customers, to offer high-level customer care, to give continuity to our work and to develop tourist destinations of great value. The nautical sector is booming and there is a need – concludes President of Yare – to have highly qualified personnel. On training, it is essential to move on various levels. Training young people, as well as a duty, is important to guarantee them a future in the world of work.”
