- Business - New build predictions

By SuperyachtNews

New build predictions

In line with the delivery of The Superyacht New Build Report, our editors share their thoughts…

Business Editor, Rory Jackson, shares his thoughts on the new build market in line with the launch of The Superyacht New Build Report. The read the full breadth of our Editors' Predictions, click here to download the report.

For the first time in my professional life, I can say with relative confidence that the superyacht market is looking strong and that its trajectory, at least for now, is heading only in one direction – up. However, remaining true to form, the booming new-build activity must come with a slice of cynicism and a word of warning.

What is perhaps most promising are the reports that this most recent period of new-build sales has also seen record new entrants to the superyacht market. Why this is the case can be argued ad infinitum. Did lockdowns push people off the fence? Was proof that working from a superyacht is possible enough to convince entrepreneurs it would not be detrimental to their business aspirations? Has money just been so freely available to the rich? Or do people consider superyachts safe-havens? Do I have the answers? No, but my least favourite theory is the last one. The chances are, however, that it is a mixture of a variety of factors, boring as that may sound.

The problem is that we are not an industry with infinite capacity. With reports suggesting that new-build contracts have been signed for beyond 2025 and that slots are filled at essentially all the reputable yards; a capacity issue is somewhat inevitable. Whether this relates to delays affecting future build slots or a lack of top-level subcontractors, the future is not going to be bright across the board – something has to give.

Consider this in line with the rapidly increasing raw material costs and various difficulties with costing superyachts and designing sufficient margin. My prediction is that those that are able to invest and increase capacity will shine and become stronger than ever before, but those who have signed contracts that they aren’t able to back up are going to seriously struggle when the reality of this situation comes to bear.

The superyacht industry is at an incredibly interesting juncture in its development, especially where technologies and materials are concerned. By this point, everyone is aware of the challenges associated with developing and introducing alternative propulsion systems and I am not going to labour point right now. What is worth saying, however, is that as superyachts become more complex, the less likely it becomes that shipyards will be able to retain all of the knowledge and expertise that they require for systems, propulsion and otherwise, in house.

The truth of this has already been proved within various other sectors. Consider, for example, the growing reliance on consultants and integrators within the AV/IT and cyber spheres. This is not, in and of itself, a bad thing by any stretch of the imagination, indeed a reliance on specialists rather than turnkey production is a fantastic way of increasing standards and streamlining costs. However, it does mean that the consultative, design and build processes become more challenging and complex. Variety, where propulsion systems are concerned especially, will only add to this burden and my prediction, therefore, is that propulsion preference will become a clear point of distinction between various shipyards.


There are a number of crucial sectors in the superyacht market that without which the industry would simply no longer function. None, however, can claim the primacy of the new build sector. Without new superyachts being delivered and ordered the market would become stagnant and flat. Within The Superyacht New Build Report, we explore in granular detail this most foundational of sectors by breaking down the market into nuanced subsectors and vitally, where possible, forecasting where the market is headed.

Essential Membership grants members access to the full suite of business-critical content available across and The Superyacht Report, including access to our complete library of back issues, and unlimited access to SuperyachtIntel. To celebrate our 30th anniversary, we are offering you £30 off Essential Membership. Join our community today using the offer code TSG30 to access The Superyacht New Build Report and enjoy 12 months of Essential Membership for just £90.

Executive Membership includes delegate access to our flagship event in Amsterdam, The Superyacht Forum Live, and the industry’s most dynamic conference programme, broadcast from the industry’s leading superyacht hubs, as well as all features included within the Essential Membership.


Join the discussion

New build predictions


To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.

Related news

Image for Teak alternatives: Marine maple

Teak alternatives: Marine maple

As part of an ongoing project, we explore the potential of marine maple as an alternative to teak


Image for Lürssen's Project Blue has been launched

Lürssen's Project Blue has been launched

The 160m project has been launched at the Bremen shipyard


Image for UK sanctions explored

UK sanctions explored

What might the ramping up of financial sanctions mean for the superyacht industry?


Image for Madness


When minimum standards drift into absurdity


Image for Protecting against tender losses

Protecting against tender losses

Why has tow protection for tenders had a slow uptake given the frequency of losses and its low implementation cost?


Image for Western sanctions on Russia’s wealthy: What’s in store for the superyacht industry

Western sanctions on Russia’s wealthy: What’s in store for the superyacht industry

Political sanctions targeting Putin’s inner circle may harm the superyacht industry


Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on