THE YACHTING INDUSTRY IN TUSCANY: A “GLOCAL” DISTRICT

The yachting industry demonstrates an undeniable Italian heritage, with Tuscany playing a leading role thanks to its network of shipyards, innovative companies, service providers, and hospitality.The superyacht market shows promising signs of growth and presents stimulating opportunities for new construction, refit & repair, and aftersales.The yachting economy encompasses a wide variety of activities, professions, and trades from manufacturing to tourism and everything in between.

 

NAVIGO ESTIMATES (2013)

% imprese per provincia

  • Livorno
  • Lucca
  • Massa Carrara
  • Pisa
  • Grosseto

A FULL-SPECTRUM PRODUCTION CHAIN

Specializations

Shipyards

MANIFACTURING

  • Subcontractors (electromechanical and plant engineering, woodworking, fibers and fabrics, accessories, lighting systems, painting)
  • Raw material suppliers (Ingo, virgin fiber, chemical compounds)

AFTERMARKET

  • Aftersales services
  • Brokerage
  • Ship chandlers
  • Yacht management
  • Classification services
  • On-board and ground services
  • Marinas, harbors, nautical tourism, and dedicated services
  • End of yacht life cycle, decommission

TUSCAN EXCELLENCE IN NUMBERS

1,53 billion euros in revenue (45% of the italian total)

2.900 firms (26% of the italian total)

15.000 professionals in the sector (36% of the italian total)

5,6 professionals per firm

58 marinas

25.000 moorings (18% of the italian total)

201 ground service firms

ITALY

TUSCANY

PERCENTAGE
Revenue 2011 3,4 billion Euro 1.53 billion Euro 45%
Firms 11,000 2,900 (5.6 professionals per firm) 26%
Professionals 122,000 (22,000 direct production, 100,000 services and indirect involvement) 45,000 (10,000 in direct production, 5,000 in services, 30,000 in related tourist services) 36%
Ports and recreational facilities 801 58 7.2%
Docking spaces 139,000 25,000 17.9%

DIRECT MARKET OF A SUPERYACHT – MACRO INDICATORS

A superyacht is worth 6 times its market value after its production.

5000 yachts over 30 meters in lenght are estimated to be in circulation worldwide, around 50% of wich can be founf in the Mediterranean. Larger yachts are much more likely to be chartered than smaller ones. Crew spendig (travel, housing, food, miscellaneous expenses, etc.) on a global level is valued at 3.6 billion Euro.

5,000 yachts over 30 meters in lenghth, with 8 people per boat = 40,000 people on board worldwide

About 2,500 yachts over 30 meters are regulary in Mediterranean waters. About 1,000 of these yachts gravitate towards Italy, leading to around a billion euros of spending in the territory.

Navigo Estimates (2013)

X

Million Euro – spending on superyachts in Italian waters

TRAJECTORIES OF INNOVATION

STRATEGIC AREAS
OF DEVELOPMENT IN THE TUSCAN

NAUTICAL INDUSTRY

  • ORGANIZATIONAL AND INFRASTRUCTURE INNOVATION – AGGREGATIONS

  • INNOVATION AND ECO-SUSTAINABILITY FOR PRODUCTS AND SERVICES

  • DEVELOPMENT AND PROMOTION OF THE INDUSTRY

  • TRAINING AND SKILLS DEVELOPMENT

  • ADMINISTRATIVE STREAMLING