Top Considerations for Yacht Buyers

The global yacht market is growing, and breaking records already in 2023. We are seeing a rise in tourism and consumer preference for activities that promote escapism, leading to increased number of new designs, charters, and groups. The rise is demand is also seeing an increase in the variety of trends in consumer thinking and motivation behind getting into yachting.

Family

Today, more owners are bringing the family in on decision-making, offering everyone their say as part of the process. This change has been answered by yacht designers, who have begun to increase the number of child and partner-friendly features.

New boats are now being designed to be a family-friendly while still being adept at their mains functions as a powerboat, sailboat, etc. Higher freeboards provide better water security for every age group. Boats are also using wider beams for greater stability while at rest, and more room for extra design features. More seating, forward bow brackets that are flush with the casting deck, and upgraded stereo systems are some of the family friendly features boat designers are now including.

Exploration

In recent years, yacht owners and charter clientele have exhibited an inclination to venture further than ever before. The year 2023 is poised to witness a surge in the desire to discover and traverse the most remote corners of the globe. Consequently, adventurers are gradually distancing themselves from the traditional, bustling waters of the Mediterranean and Caribbean seas in favor of extreme, secluded locations spanning from Antarctica to the Arctic Circle. This burgeoning enthusiasm for exploration has propelled explorer yachts, or expedition yachts, to become the second most sought-after vessel currently undergoing construction.

Sustainability

Sustainable luxury has been increasing in demand as more and more yacht owners are becoming interested in improving the environmental impacts of their activities. The biggest symbol of this change is the emergence of new electric engines or a variety of vessels. Another aspect to this sustainability trend is to make yachts out of more eco-conscious materials, and to outfit them with

Safety

Last but not least, the trend towards safety has increased due to greater consumer consciousness and wider recreational family involvement, as well as advancements in technology, such as applicability of A.I. to connect to smoke, fire, heat, gas, and flame detectors. One product that has become increasingly popular are wearable devices that alert emergency services, stop the engines, or alert crew if someone falls overboard. Another aspect is the devices such as smart gauges and sensors that monitor equipment.