The global superyacht industry paused for breath in 2019, with the 807 projects over 24 metres ordered (with deposit taken) or under construction representing a slight dip on the 830 recorded in 2018. This brings a halt to a period of largely uninterrupted growth in the order book – from the low of 692 projects in 2013. The total length of projects this year is 32.3 kilometres, a decline of just one per cent from last year’s figures. How to interpret this year’s figures depends on your outlook: a welcome stabilisation of a potentially overheating industry or an indication that buyers and shipyards are bracing against macroeconomic headwinds? We suspect there’s truth to both positions but also note the exceptional levels of design and innovation seen in some of the projects under way – and the vision of the owners commissioning them.
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