For comparison, at the start of the pandemic-related sales boom in early 2021, a quarter (25%) of all useo superyachts were available for sale. This number dropped to 21% in early 2023, then down to 17% in early 2024, before picking up again slightly (reaching 19%) in 2025 The yacht should be used privately or made available for charter, with the client chartering the entire yacht A total of 305 used superyachts were sold in 2024, a small increase from 296 in 2023, but still significantly 'oz u! sales Ols pue zzoz u! sales sot ueut lamol However, the scope of this definition includes yacht support vessels and private research vessels as superyachts, as they are often managed by yacht firms, have yacht crews, and are typically owned alongside During Q12025, 78 used yachts 0ver 30 metres in length were sold, 22 more than in Q1 2024 (56 sales) a traditional superyacht. Similarly, basic conversions of old tugs or fishing vessels for private use are includeo Oceanco motor yacht Aalto (now Batello), which was sold in March. The second-largest was the 76.6-metre In-build superyachts by size, January 2025 The State of Yachting 2025, published in March - there 5,124 motor yachts and 898 sailing yachts. and 40 metres. Yachts between 40 and 50 metres also account for a significant share at 21%, while the very As of early 2025, there were 691 new superyachts over 30 metres under construction, split between 639 motor yachts and 52 sailing yachts. 42% of these projects are in the 30-40 metre range, indicating that While larger yachts over 40 metres dominate the construction book,they still make up a minority of the operational fleet. This trend highlights the continued growth in yacht sizes. Meanwhile, just 8% of the yachts in-build are sailing yachts, a smaller share compared to their 15% presence in the operating fleet. detailed survey (2019-2021). This growth is driven by fleet expansion and improved tracking capabilities, 2024 saw no less than 228 new yacht completions, the highest level since 2008. There are 316 superyachts allowing for a more comprehensive understanding of global refit activity. in build with a tentative delivery date in 2025. However, usually around a third of these are delayed or pushec The United States remains the leading refit destination, particularly in Florida, due to its high concentration back to the next year. SYT estimates that around 210 new yachts over 30 metres will be completed in 2025. of superyachts. Italy follows, benefiting from its strong new-build sector and extensive warranty work. Spain and France also rank among the top refit locations, home to major facilities such as MB92, Monaco Marine, While many shipyards contribute to the superyacht industry, a small core group dominates production. Over Turkey's refit sector is expanding rapidly, fueled by a growing fleet and new facilities in Tuzla, Yalova, and these shipyards have delivered two or more. Currently, 73 of these shipyards are actively building superyachts. 'l lasenn yxis e buppe 'to u uoisuedxa sh! panuuoo iseoo pioe aue uo elawoo ui so seog aui two more covered refit berths, and up to 2,000 square metres of extra hard-standing area. Meanwhile, The top 25 shipyards alone accounted for two-thirds of all completions between 2015 and 2024. At the lower Orams Marine in Auckland, New Zealand, opened two new refit sheds (60 metres by 20 metres each) ano end, 105 shipyards - 46% of the total - delivered only one superyacht in this period recently introduced an 820-tonne travel lift. Geographically, 55% of these shipyards are based in Turkey, Italy, and the Netherlands. Turkey leads with 55 Thailand and Taiwan are emerging players in the refit market, but large-scale refits in Asia remain relatively rare. While Asia's refit industry is still developing, strategic investments in infrastructure could enhance ts presence in the globalarket. As demand for refit services continues to rise, new opportunities for /ears, followed by Taiwan with 14 yachts per yaro