With the first half of 2021 coming to a close, now is a better time than ever to take the pulse of the superyacht market over the last six months, and reflects on the turbulent market during 2020.
Following a significant dip in sales at the start of last year, the second half of the year showed a marked recovery from the depths of the Covid-19 pandemic. Now, in 2021, we are seeing an impressive rebound, with the market having moved from strength to strength. A standout 381 used yacht sales over 24 metres have been recorded since January of this year – well above the level of preceding years. The new yacht market has likewise performed well, almost reaching numbers comparable to the bumper year of 2018, with over 100 new yachts sold over 30 metres.
The results of the increase are based upon data collected from the market intelligence system, SYT iQ and positive opinions from top industry professionals. These clear statistical insights into the state of the yacht sales market, coupled with stories of success from around the industry, give us a clear vision of the current state of the superyacht market.
The results of the statistical analysis unsurprisingly confirm success across the board. It would seem overall the superyacht brokerage market has not only recovered from the impact of the Covid-19 pandemic – it is in fact doing better than before the pandemic and the market looks set to outperform the highs reached in 2018.
For the full market review from Ralph Dazert, please click here.