Global order book: Over 1,000 superyacht projects on order in 2022

Despite some initial wobbles in 2020 when Covid-19 first struck, the superyacht industry has largely shrugged off the pandemic to record a third year of consistent order book growth. The 2022 Global Order Book records an impressive 1,024 projects in build or on order, a rise of 24.7 per cent on last year’s 821.

More than 40 kilometres of superyachts will be built, launched and delivered between now and 2026, the result of unprecedented demand on shipyards. And according to discussions with builders, dealers and brokers, it was the fourth quarter of 2020 that proved a pivotal turning point for the industry, with orders surging from this period. Smaller semi-custom ranges soaked up a significant chunk of this increased demand, stocks of which quickly sold through.

Shipyards saw buyers clamour for their products in response to harsh lockdowns and travel restrictions the world over, with buyers seeing superyachts as private, Covid-secure floating islands to take refuge on.

As a result, the last handful of 2021 semi-custom hulls available in mid-2020 quickly sold, followed by 2022 production slots. And as we write, a large swathe of 2023’s semi-custom hulls are being sold.

It is now a challenge for would-be buyers to find a semi-custom project available for purchase before 2024. The same is also reported for full-custom production, with longer delays before deliveries.

The entire article on the Global Order Book 2022 can be found on the website of BOAT International.

Source: BOAT International