Lead times for the construction of a new yacht
If you decide to buy a newly built yacht, you usually have to wait for some time. Before the pandemic, there were many yachts on the market that could be sold immediately. That is, they were already built and looking for a yacht customer. A clear buyer's market. During the pandemic, this situation reversed as demand increased very quickly and these yachts were sold out. A seller's market.
Nowadays, the most successful shipyards are fully booked until 2024, 2025, 2026 or sometimes even 2027 for their newbuilding projects. There are some brands that still offer quick delivery dates. This is true not only for the yacht industry, but also for ordering cars, building a new house, etc.
Since a super yacht is a floating villa, its construction is very complex and requires resources, manpower and experts. Currently, the yacht industry prides itself on its full order books, which is why the lead times for building new yachts are longer. At Bering Yachts, construction times range from 2 to 3 years as the number of manpower and facilities continues to increase.