The world's superyachts are getting bigger and bigger. Business is booming, the luxury yacht-industry says.
Billionaires and multimillionaires around the globe are trading up for more space and luxury.
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I work for a company in the US that supplies these kinds of ships with specific equipment. I can tell you there has been a MASSIVE decline in purchases since a particular orange "man" started running the show in the US. A lot of them are "afraid" to make purchases now.
We would generally aim for a "40 unit" build week as that is pretty much our capacity, 25ish is the general slow period we face annually. We're doing 10-13 unit build weeks now.
They get their tech somewhere else because it’s cheaper. All my company’s sales dropped internationally to a trickle, but my industry hasn’t “slowed” internationally.
I don't like to be too specific with what I do, I'll just say we're more Gucci than Garmin. Our products are "luxury" and apparently the competition isn't really competition.
But who knows, maybe there is another one out there that is gaining popularity. I don't really pay attention to that market other than what my job entails. Lord knows I can't afford even our cheapest product, not to mention I have no use for it lol
Naw, if it's some bespoke piece of gear that only goes in luxury boats and not, say, a container ship you would have heard of a market disruptor
Right. The gear just gets sourced elsewhere. Even if they go for “second best” because the best has too many US strings.
