New study shows global superyacht industry’s €53 billion economic impact

A new study by Deloitte and Vrije Universiteit Amsterdam has valued the global superyacht industry’s economic impact at €53 billion

superyachts economic impactA new landmark study by Deloitte and Vrije Universiteit Amsterdam has, for the first time, quantified the economic impact of the global superyacht industry, valuing it at €53 billion, with the sector supporting manufacturing, tourism, innovation and skilled jobs worldwide.

As the global superyacht fleet surpasses 6100 vessels, the research shows that the sector has evolved into a significant economic force, supporting everything from Mediterranean tourism infrastructure to advanced European engineering, manufacturing and marine innovation.

Commissioned by the Superyacht Life Foundation (SYL) and the Superyacht Builders Association (SYBAss), the study focuses exclusively on superyachts that are over 30m in length. It found that the industry generated €22 billion in direct economic activity during the benchmark study period in 2022, triggering a further €32 billion in indirect impact through international supply chains, tourism spending and professional services.

Related: JP Morgan Private Bank: The new logic of the classic car marketIn total, every €1 spent within the superyacht industry generates approximately €2.40 in wider economic value. Each yacht generates an average annual impact of €9 million, while fleet operations and tourism are the sector’s largest economic driver, contributing €27.1 billion annually – which is almost half of the industry’s total global impact.

When it comes to prime superyacht hubs, the Mediterranean remains the world’s leading destination, accounting for €4.7 billion in operational expenditure and €1.9 billion in tourism spending each year. Meanwhile, Europe continues to dominate superyacht construction, representing around 90% of global new-build market value. 

Related: Sunspel executive chairman Nicholas Brooke on the art of dressing wellsuperyachts economic impactItaly, the Netherlands and Germany account for nearly 80% of production, with new construction generating approximately €20 billion in economic impact and supporting a vast network of naval architects, engineers, craftspeople and technology suppliers.

“The findings challenge the perception of superyachts as a purely niche luxury market,” said Dilan Saraç, executive director at the Superyacht Life Foundation of the study. “What emerges is a deeply interconnected global economy supporting manufacturing, tourism, engineering, hospitality and thousands of highly skilled jobs.”

The report also highlighted the importance of refit and modernisation activity as fleets age and environmental regulations evolve. 

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