SHERIDAN, WYOMING – Jan. 17, 2025 – For the 25th consecutive year, Azimut|Benetti Group reigns supreme as the world's leading manufacturer of mega yachts, commanding an impressive 20% share of the global market. This remarkable achievement is confirmed by the 2025 Global Order Book, the definitive ranking published by Boat International, which analyzes data from 185 shipyards across five continents.
A Quarter-Century of Excellence
Azimut|Benetti Group's dominance is particularly evident in the mega yacht category (over 24 meters), where it leads the industry in terms of units under construction. This sustained success is a testament to the company's unwavering commitment to quality, innovation, and customer satisfaction.
Giovanna Vitelli, Chair of Azimut|Benetti Group, reflects on this milestone: “Twenty-five years at the top of the sector represent a true ‘record within a record’, a testament to our unwavering entrepreneurial vision which is based on an organic, resilient and sustainable growth strategy aimed at creating durable value that lasts over time. This is the privilege and the responsibility of a private family company.”
Record-Breaking Performance
The Group's leadership position is underscored by its impressive production figures. With 164 units currently under construction, totaling 5,905 meters in length, Azimut|Benetti accounts for 20% of the global market share. This strong performance is mirrored in the company's financial results, with revenues reaching 1.3 billion euros in the last fiscal year and an order book extending to 2029.
Pillars of Success: Charting the Course
Azimut|Benetti's enduring success can be attributed to four key strategic pillars:
- Product Leadership: Offering the world's widest range of yachts, from 12 to over 100 meters, across its Azimut and Benetti brands.
- Uncompromising Quality: Prioritizing internalization of crucial production activities and collaborating with top-tier supply chain partners.
- Global Reach: Maintaining a balanced presence across key markets, including Europe, the United States, and the MEA-APAC region.
- Investing in People: Fostering a strong company culture and attracting top talent in the industry.
Product Leadership: Innovation and Sustainability
Azimut|Benetti Group is renowned for its innovative approach to yacht design, consistently pushing the boundaries of onboard living. The Azimut Seadeck Series, the Benetti Oasis, and the Veranda Deck® are prime examples of this commitment, reimagining yacht layouts to create contemporary and luxurious spaces.
Sustainability is also a core focus. The Group is dedicated to reducing emissions through advanced naval architecture, hybrid technologies, and the use of HVO biofuel.
- Azimut boasts a fleet where over half are Low Emission Yachts, offering four levels of electrification.
- Benetti provides hybrid versions of nearly its entire range, with 10 hybrid mega yachts currently under construction.
Both brands have dedicated lines focused on minimizing environmental impact:
- Azimut's Seadeck Series achieves a 40% reduction in CO2 emissions over an average year of use.
- Benetti's B.Yond line achieves a 24% reduction in CO2 emissions and an 80% reduction in NOX.
Quality at the Heart of Production
Azimut|Benetti's dedication to quality is evident in its production strategy. The company prioritizes internal control over critical processes to maintain the highest standards. This commitment is exemplified by the establishment of the Light Steel Hub in Tuscany for in-house steel processing and the upcoming Composite Hub for fiberglass and carbon fiber production. The Group also plans to expand the capacity of its Lusben division, which specializes in refit services, including those for large sailing yachts.
A Global Presence
Azimut|Benetti's strategic approach to global markets ensures a balanced distribution of business across key regions. This diversification mitigates risk and allows for tailored offerings to meet regional preferences. Azimut leverages a vast network of exclusive dealers and strategically located boutiques to connect with customers worldwide. Benetti collaborates with prestigious broker houses and area managers to provide personalized service to its discerning clientele.
Cultivating the Best People and Skills
Azimut|Benetti recognizes that its people are its greatest asset. The company fosters a strong sense of belonging and invests in attracting and retaining top talent. With an 18% increase in employees over the past six years, the Group is focused on nurturing its unique culture and transmitting its expertise to the next generation. Initiatives like the Corporate Academy and the 'Nauticità' project (Seaworthiness project) exemplify this commitment. The 'Nauticità' project allows employees to experience life onboard a Group yacht, fostering a deeper connection to the company's passion for the sea.
Conclusion
Azimut|Benetti Group's 25-year reign as the global leader in mega yacht manufacturing is a testament to its unwavering dedication to product excellence, innovation, sustainability, and customer service. With a strong foundation built on these core values, the company is poised for continued success in the years to come.
FAQs
What is the size range of yachts produced by Azimut|Benetti Group?
The Group offers the widest range of yachts in the world, from 12-meter Azimut models to Benetti mega and giga yachts exceeding 100 meters.
What are some of Azimut|Benetti's most innovative yacht designs?
The Azimut Seadeck Series, Benetti Oasis, and Benetti Veranda Deck® represent groundbreaking approaches to onboard living, redefining space and luxury in the yachting world.
How is Azimut|Benetti addressing environmental sustainability?
The Group is committed to reducing emissions through advanced naval architecture, hybrid technologies, and HVO biofuel. Both Azimut and Benetti offer dedicated lines focused on minimizing environmental impact.
How does Azimut|Benetti ensure the highest quality in its yachts?
The company prioritizes internal control over critical production processes and collaborates with top-tier supply chain partners. The establishment of dedicated hubs for steel and composite processing further reinforces this commitment.
What is the 'Nauticità' project?
This unique initiative invites Azimut|Benetti employees to spend time onboard a Group yacht, fostering a deeper understanding and appreciation for the company's passion for the sea.