Azimut | Benetti ranks among the top builders in the 2023 Global Order Book
Credit: Azimut | Benetti

2023 Global Order Book shows robust market

8 December 2022 • by Gabrielle Lazaridis

This year’s Global Order Book shows the superyacht industry is in robust health with a record number of superyachts on order or in build. The official results indicate 1,203 ongoing projects, representing an increase of 17.5 per cent over last year’s 1,024.

The strong results are caveated by analysis in the report that highlights several disruptive factors, including supply chain issues and Russia’s invasion of Ukraine. Some 95 yachts remain in this year’s count after slipping from their anticipated delivery year, because parts were delayed or their owners are subject to sanctions.

The 2023 Global Order Book recorded a record number of ongoing projects

Despite this, demand for large yachts has continued to place unprecedented demand on shipyards, with growth recorded in every project category by length (except for those yachts between 61-75 metres, which declined by a single hull year-over-year). This year’s Global Order Book highlighted the particular strength of the smaller superyacht sector (between 24 and 27 metres), which grew by 71 projects for an annual increase of 25.6%.

The Global Order Book also highlights additional global trends, including heightened demand for explorer yachts and multi-hulled vessels. The figures also demonstrate the continued success of the semi-custom yachting market and the strength of Italian shipyards.

Stewart Campbell, editor-in-chief of BOAT International, said: “The Global Order Book is essential reading for anyone looking to better understand the direction of travel for the superyacht industry. An insight that struck me was the growing domination of semi-custom yachts, which are getting bigger all the time, as well as the record low number of ‘spec’ projects counted this year. It speaks to an impatient superyacht client base that wants boats as soon as possible.”

Azimut-Benetti ranks among the top builders in the 2023 Global Order Book
Credit: Azimut-Benetti

For more than 30 years, BOAT International’s Global Order Book has presented unparalleled, comprehensive insight into the superyacht industry with rigorously checked new-build data and expert analysis. The full Global Order Book with its complete analysis and forecast is now available exclusively for members on BOATPro Lite.

The data used in this article was taken from BOATPro, the world's leading superyacht market intelligence platform, which delivers real-time, accurate and reliable data. To access our pioneering fleet tracker, brokerage market insight, reports and much more book a demo with the BOATPro team.