Article overview: It’s an understatement to say this year is crazy, in so manyways. All of which impacted and unsettled industries across the globe,including the yachting industry.The good news i...
It’s an understatement to say this year is crazy, in so many
ways. All of which impacted and unsettled industries across the globe,
including the yachting industry.The good news is, the yachting industry’s been through
tumultuous times before. The resilience of HMY’s people, and those across the
global yachting industry, once again was on full display. Not only did the
industry survive another tough period, but we’re seeing signs everywhere of surging
business.As the sun rises again, sales increase, and yachts continue
to get out on the water, now is a great time to look ahead to what the future
of the yachting industry looks like.Here are 5 key trends to keep an eye on according to our expert team at HMY.
1. Luxury day boats are taking over.
The OKEAN 55 Sport proves to be the ultimate day boat, expanding into a spacious beach club with ease.The express cruisers industry is stepping into luxury day boat design – building incredible vessels such as the OKEAN Yachts 55 Sport.
These new breeds of day boats are still luxurious with
wonderful accommodations, but a bigger focus is now on bringing the outside in—open
spaces and 360° views, taking inspiration from the outdoors and offering a true
connection with the sea.OKEAN’s “Open Up Your World” design pushed the luxury day
boat to an entirely new level. Working with HMY— the exclusive representative for OKEAN Yachts—throughout
the design process, they saw the market for this type of innovation and seized
it.Look for more yachts that offer the feeling of being outdoors while indoors and other touches like beach clubs that continue to make luxury day boats even more attractive.
2. Pushing design limits
After years and years of fairly traditional yacht designs,
the last couple of decades have brought some big changes. And there’s no sign
of the pace of design change slowing down, especially in motor yachts.Yachting is about expressing your uniqueness
New technologies and a new breed of customer who desires different, more personal and edgy looks means manufacturers are cranking out new designs like the striking X95 and R35 from Princess.
3. Green yachting
The International
Maritime Organization’s directive for the industry to reduce greenhouse gas
emissions by 50% by 2050 from 2008’s levels plus a new breed of high net worth
customers who want all the luxury and are much more conscious of their
environmental impact is spurring innovation around the yachting world.Builders and suppliers are working together to tackle eco
issues and find sustainable solutions to reduce consumption at reasonable
costs. How this plays out over the next couple of years will shape the
industry for years to come.We’re already seeing great strides in areas such as hybrid propulsion engines that combine battery and fuel to lower the vessel's impact, environmentally-sustainable paints and epoxies that are safe for marine life, more efficient batteries, sophisticated power management systems, and water turbines that can quickly generate a lot of amps.
4. Outboards keep growing
Pictured above: The Valhalla V-41, V-37 and V-33. Valhalla Boatworks just announced the V-46, coming soon to the line-up. Whether for fishing or cruising, the outboard explosion shows no signs of stopping. Big center consoles are incredibly popular and selling like crazy—on the day of the release of Viking/Valhalla Boatworks' new Valhalla V-46, two longtime HMY customers immediately called to place orders.
Watch the video about buying a new Valhalla from HMY here.
The better accommodations on a large center console areattracting owners from the smaller fishing boat market as well.
It will be to the point soon where there won’t be anything under 50’ without an outboard. And you’ll see more and more builders jumping on the train.
5. Chartering charges ahead
Tail Lights, an Azimut 116' Grande, is available for charter through HMY Charter Vacations.Since 2018, the number of first-time charter customers
continued to surge until the COVID-19 outbreak. Crewed yacht charters were
steadily gaining popularity around the globe, particularly outside the usual
yachting crowds.Long term, even with the slowdown, this trend is projected
to continue. And the good news is, there are already signs of life as fall and
the holidays approach. A yacht charter just might be one of the safest holiday celebrations
this year.Additionally, we’ll see continued interest in seeking out
new charter destinations around the world. The changing demographics of
high-net-worth individuals brings requests for more remote and exotic locations
other than just the usual Mediterranean or the Caribbean.The next generation of charterers are requesting exploration
yachting to places such as Antarctica, Scandinavia, Australia, or Southeast
Asia. This means we’ll see more explorer-style yachts, as they’re built to
travel the globe in almost any kind of weather. And they typically have large
interiors with room for lots of fun toys.As we navigate the currents of 2020, we know there are better, brighter days just over the horizon. HMY is your trusted partner and resource, always here to help. Contact us today to set up a sea trial, plan a charter trip, or start the hunt for your next perfect yacht.