BUILD REPORT - Perini Navi

2007/08 statistics
As is clearly demonstrated by the graph to
the right, this segment of the market is
showing a decline in terms of the number of
units; however, on further analysis, it becomes
clear that the builders who were in fact part of
this category last year have in fact upgraded
their build programme to above40 metres loa;
therefore they have left one market segment
and moved up the league table into large
yachts. This is purely an indication of how
the market moves; one would expect other
yards working in the below 30-metre sector
to follow suit in the next few years and create
a whole new picture.
250
200
150
100
50
73
94
131
177
150
167
214
238
222
188
In the last five years we have seen some
impressive growth in the 40-metre plus sector
– almost 100%. While the number of units
is still relatively small, there is nothing to
suggest that it will not follow the upward
trend. The 1,200 or so projects delivered over
the past five years will hopefully generate a
new wave of clients continually upgrading
from the sub-40-metre sector into this ever
expanding market place. With approximately
750 yachts delivered between 30 and 40
metres in the past five years. This should
create a market for the next five years in the
upper sectors, perhaps even more than ever;
after all the price jump from one to the other
is still significant, but in the world of the
HNWI, it is still relatively small change.
Ten years ago there were less than 25 orders
over 50 metres, a staggering figure when you
consider today’s marketplace for the average
superyacht. The leap from 62 orders three
years ago to 144 today shows an incredibly
active market and as has been consistently
highlighted throughout this issue, the number
of people that can afford to play at this level
is increasing tenfold and the current wave
of semi-custom and standard versions in the
50- to 70-metre range makes the process
of market growth even more predictable.
With brokers crying out for build slots and
the secondhand market dry of inventory, the
fuelling of this upper sector is likely to be jet
propelled for the next decade. We just need
a more build slots as we seem to be almost
at saturation point, when analysing the
shipyard build slots.
120
100
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
80
60
43
40
20
160
140
120
100
45
63
68
77
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
80
60
40
24
20
31
44
49
>30m40m50m
61
72
62
101
83
107
106
113
144
the yacht report
233