SUPERYACHT BUSINESS MARKET SURVEY 2024

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M AR K E T SU RVE Y

C R E W , a p r o mi n e n t c o m p a n y i n

c o n ne c t i n g S u p e r y ac h t P r o f e s s i on a l s i n t h e M a r i t i m e In d u s t r y , c on du c t e d

a c o m p r e h en s i v e m a r k e t s u r v e y t o e x p lo r e

c u r r e n t m a r k e t in g a n d s a l e s s t r a t e g i e s

w i t h i n m a r i t i me b u s i n e s s e s

T h i s r e p o r t sy n t h es i z e s k e y i n s i g h t s ga t h e r e d

f r o m s t a k eh o l d e r s i n c l u d in g m a na g e m e n t

c o m p a n i e s , s h i p b u i l d e r s , c ap t a i n s , c r e w

a n d ch a r t e r b r o k e r s O u r a i m i s t o p r o v i d e

a c t i on a b l e r e c o m m e n da t i o n s t h at e n h a n c e

s t r a t e g i c a pp r o ach e s a n d a li g n m a r k e t in g

e f f o r t s w i t h i n d u s t r y t r e n ds a n d p r e f e r e n c e s

w h i l e a l s o f o s t e r in g i n d u s t r y align m e n t , a n d

e n h a n c in g m a r k e t c o m p e t i ti v e n e s s .

CONCLUSION

Our sur vey findings highlight diverse target audiences within the super yacht sector, with "Captains and Heads of Departments," "Management Companies," and "Super yacht Owners" identified as pivotal influences and decision-makers in purchasing decisions. Key findings reveal that prevalent marketing activities include robust utilization of social media marketing, participation in yacht and trade shows, and strategic email campaigns. These trends indicate a growing emphasis on digital engagement and personalized outreach strategies.

While a significant proportion of respondents perceive their marketing and sales strategies as flexible, there is a clear opportunit y for refinement and formalization for sustained growth and market leadership. Notably, a large percentage of companies acknowledge the need for a more structured approach, highlighting areas for improvement in strategy development and execution.

RECOMMENDATIONS

Diversif y Marketing Approaches: Tailor marketing strategies to resonate ef fectively with distinct audience segments, leveraging targeted content creation and personalized communication channels. Explore innovative digital plat forms and engagement techniques to enhance brand visibilit y and customer engagement. Invest in Specialized Expertise: Allocate resources towards third-part y marketing and sales specialists to augment internal capabilities. Collaborate with industr y -specific agencies to leverage their expertise in navigating market complexities and optimizing campaign ef fectiveness.

Adopt Advanced Technologies: Embrace cut ting-edge marketing technologies such as Customer Relationship Management (CRM) systems, marketing automation tools, and advanced analy tics plat forms. These technologies facilitate streamlined processes, data-driven decision-making, and enhanced customer relationship management.

Continual Strategy Optimization: Implement a structured process for regular review and optimization of marketing and sales strategies. Conduct comprehensive performance evaluations, analyze market trends, and adapt strategies to capitalize on emerging opportunities and mitigate risks.

Enhance Market Research Ef for ts: Increase investment in market research to monitor industr y trends and consumer behaviors, informing data-driven decision-making and strategy refinement.

By implementing these recommendations, super yacht companies can optimize their marketing ef forts, elevate brand visibilit y, and achieve sustainable growth in a competitive industr y landscape.

SURVEY DATA

• Content Strategy with Tutorials on Youtube, Blog, Media Par tnerships (Yacht Racing Forum)

• Par ticipation in educational forum

• Guerrilla St yle Marketing

• Media relations

• Word of mouth for existing and previous clients

• Direct face to face meetings / Direct Marketing

• Warm face to face meeting, old and strong business ties, reputation, word of mouth

• (Co-)Organizing net work events ourselves

• Par tnerships with industr y Digital Publications

• Leveraging personal net works

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