Market report: Denison sees a rosy future for all of 2022.
Global market still growing in the first quarter of the year
The first three months of 2022 have been very positive for the yachting industry, and forecasts show no significant change in this trend for the current year.
This is the analysis of an authoritative body like Denison, who has just published a detailed “Market report” for the January-March period (Q1).
According to the American broker, after "absorbing" the impact of the Covid outbreak and the subsequent spread of the pandemic, the global boating industry has recovered strongly, as we know, and regions such as the Southeastern United States and the Mediterranean have reached record levels in boat sales.
At the end of the fourth quarter of 2021, powerboat sales in the United States surpassed the record number of 300 for the second consecutive year, demonstrating the industry's remarkable resilience.
This phenomenon essentially laid the groundwork for the first quarter of this year: according to Denison, while a significant portion of 2021 sales were also the result of orders accumulated in 2020, the numbers for the first half of this year are instead entirely attributable to new orders, proof that the nautical industry has successfully retained the share of new customers acquired during the pandemic.
Considering that people continue to have a great desire to go boating, for a variety of purposes (cruising, fishing, sport, or simply socializing), Denison concludes that 2022 will also be a positive year for yachting.
Going into more detail, Q1 2022, despite the well-known macroeconomic and supply chain problems, saw a total number of boat sales that is third in the last 15 years, after 2021 and 2018.
The market report highlights how superyachts, after a record year like 2021, continue to enjoy satisfactory sales rates: in the first quarter, boats over 24 meters exceeded the figures for 2020 and 2019.
The Fort Lauderdale brokerage itself reports encouraging data: in the first quarter of 2022, sales exceeded $160 million, a figure equal to that of the same period last year.
Denison explains this trend by the increasing desire of owners to sell their boats and thus meet growing demand from buyers, as well as to upgrade to larger or more modern boats.
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