The luxury arena continues to evolve as global economic forces, policy shifts, and changing client expectations influence the direction of the superyacht sector. The Monaco Yacht Show Market Report 2025, produced by SuperYacht Times, offers a precise examination of these dynamics at a moment when the industry adapts to softer demand in certain categories while maintaining considerable strength in larger yacht segments. With the Monaco Yacht Show once again serving as the primary stage for new launches, brokerage activity, and strategic dialogue, the report outlines the forces shaping the year and the structural trends defining the fleet.
Market Conditions in 2025
New-build activity has slowed compared with the peak of recent years. From January to July 2025, sales declined by around 10% year-on-year, driven mainly by reduced movement in yachts below 45 metres. GRP-led production, traditionally dominant in this size range, faces longer sales cycles and increased stock. At the same time, shipyards continue to deliver vessels at high levels due to capacity expansions initiated after 2021. Larger yachts—especially above 50 metres- maintain steadier demand, though with lengthier negotiations and a more selective buyer base.
Fleet Structure and Construction Landscape
The global fleet now comprises more than 6,100 yachts over 30 metres, with the 30–40 metre category remaining the largest share. However, the in-built profile indicates gradual movement toward greater volumes and larger dimensions, supported by 588 yachts currently under construction. Italy leads in output, Turkey in the number of active yards, and the Netherlands in high-value tonnage. This distribution reflects a diversified but increasingly specialized global production environment.
Used Market Stability and Shifts in Buyer Focus
The used sector remains steady, with 200 yachts sold in the first seven months of 2025, similar to last year, yet with higher average tonnage. Availability has stabilised at 17% of the operational fleet, offering slightly more choice than in the highly constrained years following 2021. Key brokerage hubs include Florida, Italy, and France. Interest is strongest above 50 metres, where new-build timelines are longest.
Refit Activity and Global Expansion
Refit demand remains strong with close to 2,200 visits recorded in 2024. The United States leads in overall activity, Spain in work on the largest yachts, and Italy in total facility count. New investment continues across the Middle East and Turkey, where expanding capacity reflects rising regional participation in the sector.
Charter and Ownership Developments
The charter fleet has expanded, intensifying competition in the 30–50 metre segment, while larger yachts continue to secure most early bookings. Ownership trends show continued growth among US, Greek, and Turkish owners, with regional data confirming North America’s leading role.
The 2025 market reflects adjustment rather than contraction. Larger segments remain stable, the used market shows healthy movement, and refit facilities continue expanding. As the year progresses, the balance between elevated production levels and moderated demand in mid-size categories will define the industry’s trajectory.
WLCC Perspective: HNW clients are prioritising pedigree, immediacy, and customisation, which explains the resilience of the used and refit sectors. In this environment, trust and owner referrals have become the most powerful drivers of new business.
Access the Complete 2025 Superyacht Market Report:
https://www.monacoyachtshow.com/media-file/318930/mys-market-report-2025-21-9.pdf
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