Luxury Yacht Market Trends in 2020

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Luxury yacht market to see significant growth in the coming years:

A new Business Intelligence Report published by Confianza Research with the title ” Luxury Yacht Market Size, Share & Trends Analysis Report By Type (Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht), By Yacht Length (Up to 20 ft, 20 to 50 ft, Above 50 ft), By Region, And Segment Forecasts, 2020 – 2030″ is planned to cover manufacturers and main industry segments micro-level research.

Companies operate in the current economic scenario in a context that is always shifting and chaotic. This research is concerned with this latter context and aims at contributing towards the study of the Mega Yacht Sector with respect to an accounting and business profile, taking into consideration all those yards which are world leaders with particular attention on market trends. Studies have concentrated largely on management, value creation, technical and planning and Regional characteristics in Luxury Yacht Market. It clearly emerges that one of the characteristics that define the Mega Yacht sector is the fact of its anti-cyclic nature, therefore economic fluctuations of the shipyards are barely registered during a period of global economic recession.

Currently, major software vendors in the marine and shipbuilding industry are undergoing significant transformation to embrace intelligent 3D modeling technology and integrated collaborative design, fabrication and production process, which is comparable to the adoption and implementation trajectory of BIM in the AEC industry.

Information-driven modeling and advanced information technology are transforming business paradigms across different industry sectors, and best practices in one industry may also shed light on the other. This paper investigated opportunities for introducing more collaborative and integrative project delivery and lifecycle management in the luxury yacht industry, based upon principles and best practices of BIM applied in the AEC industry. The literature review suggested a strong resemblance of the IT infrastructure and project delivery between the two industries, and capacities of state-of-the-art software applications also demonstrated the readiness for the luxury yacht industry to embrace new business paradigms and BIM-based capital project lifecycle management. The statistic shows the value of the luxury yacht and private jet market worldwide in 2019, the global private jets and yachts market was valued at 24 billion euros.

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