Luxury motor yacht builder Maritimo is enjoying massive growth, both locally and overseas.
Maritimo Director of Design Tom Barry-Cotter said the boatbuilding giant was positioned to experience 20% annual growth year-on-year over the next three years, with orders for new motor yachts sold out beyond mid-2024.
He said two key factors were driving growth – a strengthening global economy and Maritimo’s large scale new model roll-out.
The multi-billion-dollar global luxury boat industry is experiencing such a boom brought on by the pandemic that it is fuelling a burst of new locally designed and produced motor yacht models, as well as sales and exports.
Even from markets where travel wasn’t so heavily restricted, such as the United States, Maritimo was experiencing record sales and enquiries, he said.
“We are seeing record interest and sales from Australia, New Zealand and North America,” he said. “Over 50 per cent of our production is exported around the globe.”
He said Maritimo’s large scale new model development strategy would see the company globally launch eight new models by the end of the year. The new M55 Flybridge Motor Yacht and S55 Sedan Motor Yacht were launched at the Fort Lauderdale International Boat Show in Florida in late October.