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Yare 2022: Italy on the podium for number of shipyards and refit companies

Italy world's top 10 refit company

Yare 2022 Italian yachtItaly is in the top 10 of the countries in the world with the higher number of shipyards and refit companies; second only to the US and ahead of countries such as Turkey, Spain and France.

These are some of the data presented at The Superyacht Forum by Martin H. Redmayne of The Superyacht Group, international media partner.

The Forum provides an in-depth analysis on the state of the market as part of the YARE (Yachitng Aftersales & Refit Experience) programme organized by NAVIGO, network of innovation and development in the yachting sector.

Results of nautical industry

In the opening speech, Vincenzo Poerio, president of YARE, underlined the results of the nautical industry recently provided in by Confindustria Nautica: a turnover of almost 6 billion euros last year and exports for approximately 3 billion euros, the highest ever.

“It is certainly a golden moment that must drive us to think ahead and face the new global challenges, including the ecological transition. – explained Vincenzo Poerio -. YARE is the ideal occasion to address these issues thanks to the presence of important companies operating globally in the superyacht segment and pursuing ways to improve their products and services.

At YARE, The Passarelle Pitch gives the chance to the companies to present projects and innovations and get visibility and feedbacks by the entire audience. The same is true for the RINA Captains’ Awards highlighting the professionalism and expertize of the captains. Vision, strategy, training, networking are the key to face future challenges in our sector.”

About the current conflict

The ongoing conflict between Russia and Ukraine and the possible repercussions on yachting was also addressed during the forum. According to NAVIGO, the percentage of Russian superyacht buyers is around 19% of the market, which should not have a big impact on the global industry.

According to Pietro Angelini, general manager of NAVIGO “it is necessary to consider that it takes about two years construction time before delivering a yachts over 40 or 60 meters to the owner. The effects on the market will depend on the duration of the war which, by the way, we all hope is going to end as soon as possible”.

Forecasting numbers for 2020/2030

yacht event 2022Finally, the numbers on the world fleet with forecasts for 2020/2030: in the range 30 – 45m, a + 1,209 units is expected in the decade 2020/2030; between 45 and 60m, an increase of 290 yachts.

For fleet in the 60 – 90 range no substantial changes are expected: 151 yachts in the period 2011/2020 and 149 will be the ones between 2020/2030; for yachts over 90m they expect to go from 43 to 62 mega yachts. Totally, the difference will be 92 extra units.

About YARE

YARE is sponsored by Lürssen, Confindustria Nautica, Jotun, Camera di Commercio Lucca and Lucca Promos with the project The Lands of Giacomo Puccini, by RINA Italian Register and by a group of international companies attending the event.

Technical sponsors are: Marinepool and Marco Polo Sports Center. It is supported by Distretto Tecnologico per la Nautica e la Portualità Toscana and has the patronage of SYBAss, PYA, Confindustria Nautica, Italian Yachtmasters, Associazione marittimi  Argentario, Federagenti and the municipalities of Viareggio, Pietrasanta, Forte dei Marmi and Camaiore. International Media partner: The Superyacht Group.

Mediapartner: Yachting Pages, The World of Yachts, Superyachtdigest.


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