bavaria yachts revenue

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Yacht market revenue to cross usd 15 bn by 2027; global market insights inc..

Major players operating in the yacht market are Azimut Benetti S.P.A, FERRETTI S.P.A, Riveria Australia Pty Ltd., BAGLIETTO SPA, San Lorenzo S.P.A., Royal Huisman Shipyard B.V, Bavaria Yachts, King Marine Yachts, The Italian Sea Group, Viking Yacht Company, Princess Yachts, Hanse Group, and Damen Shipyards Group.

Selbyville, Delaware, Sept. 21, 2021 (GLOBE NEWSWIRE) --

The yacht market is predicted to record a valuation of USD 15 billion by 2027, according to the most recent study by Global Market Insights Inc . The rising nautical tourism in conjunction with increasing consumer expenditure on outdoor recreational activities is expected to drive market growth.

The coronavirus pandemic has adversely impacted the yacht industry due to stringent travel restrictions. Manufacturers in the shipbuilding industry faced several challenges including supply channel disruptions, unavailability of raw materials & components, and a shortage of skilled workforce. Several manufacturers had to let go of their workers owing to financial insecurities. The industry is expected to witness recovery in the coming years owing to supportive fiscal policies, growth in tourism, and a major demographic shift to sea leisure activities.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5108

Sport yachts are witnessing high demand due to their sleek design and robust features. They are generally designed for fishing, cruising & other water sports activities and are powered by motors to provide higher cruising speed. Market players are focusing on developing improved sport yachts to attract customers. For instance, in May 2021, Sunseeker International launched an all-new 65 Sport Yacht embedded with a revolutionary design and technology.

The Asia Pacific yacht market is anticipated to witness a significant growth rate by 2027. The rising interest in luxury cruising among high net worth individuals in India, China, and Australia is poised to support the regional market revenue . Furthermore, supportive government policies to support marine tourism and rising private investments in the shipbuilding sector will support the yacht market growth in this region. According to a report published by the India Brand Equity Foundation, the Government of India under its Union budget 2020 - 2021, announced an allocation of USD 233.48 million for the Minister of Shipping to boost the shipping industry.

Some of the major companies in the global yacht market include Sunseeker International Ltd., Azimut Benetti S.P.A, FERRETTI S.P.A, Riveria Australia Pty Ltd., BAGLIETTO SPA, San Lorenzo S.P.A., Royal Huisman Shipyard B.V, Bavaria Yachts, King Marine Yachts, The Italian Sea Group, Viking Yacht Company, Princess Yachts, Hanse Group, and Damen Shipyards Group. Market players are introducing new yacht models in the market with enhanced features and amenities. In July 2020, Bavaria Yachts launched a new cruiser, Bavaria Vida 33 with an outboard engine. The yacht can accommodate up to six people and consist of a large cockpit table and an L-shaped seating area.

Some key findings of the yacht market report include:

The growing market demand for electric motor yachts due to their zero-carbon emission and low noise performance.

Increasing spending on boating activities and shifting preference for luxury cruising among high net worth individuals will spur the yacht market growth.

Market players are working with technology companies to provide enhanced connectivity and modern features for onboard security & entertainment.

Several countries including Abu Dhabi, UAE, and China are conducting conferences and trade fairs to support the yacht industry prospects at the regional level.

Supportive government regulations and policies to support the shipbuilding industry will accelerate the yacht market growth.

Request for customization of this research report at https://www.gminsights.com/roc/5108

Partial chapters of report table of contents (TOC):

Chapter 3 Industry Insights

3.1 Industry segmentation

3.2 Impact of COVID-19 on yacht industry landscape

3.2.1 Global outlook

3.2.2 Regional impact

3.2.2.1 North America

3.2.2.2 Europe

3.2.2.3 Asia Pacific

3.2.2.4 Latin America

3.2.2.5 MEA

3.2.3 Industry value chain

3.2.3.1 Research & development

3.2.3.2 Manufacturing

3.2.3.3 Marketing

3.2.3.4 Supply

3.2.4 Competitive landscape

3.2.4.1 Strategy

3.2.4.2 Distribution network

3.2.4.3 Business growth

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Technology providers

3.3.3 Manufacturers

3.3.4 End use landscape

3.3.5 Profit margin analysis

3.3.6 Distribution channel analysis

3.3.7 Vendor matrix

3.4 Investment landscape

3.5 Technology & innovation landscape

3.6 Analysis of custom-built superyacht industry

3.7 Regulatory landscape

3.7.1 North America

3.7.2 Europe

3.7.3 Asia Pacific

3.7.4 Latin America

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 Increasing number of high-net-worth individuals across the globe

3.8.1.2 High focus of manufacturers of building technologically integrated yachts

3.8.1.3 Growing demand for luxury tourism and sailing in North America and Europe

3.8.1.4 Positive outlook of yacht manufacturing industry in China and Australia

3.8.1.5 Emergence of yacht charter companies in Latin America

3.8.1.6 Flourishing tourism industry and increasing yacht ownership in MEA

3.8.2 Industry pitfalls & challenges

3.8.2.1 High investments and upkeep costs associated with yachts

3.9 Growth potential analysis

3.10 Porter's analysis

3.10.1 Supplier power

3.10.2 Buyer power

3.10.3 Threat of new entrants

3.10.4 Threat of substitutes

3.10.5 Internal rivalry

3.11 PESTEL analysis

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Private Subsidiary of CMP Capital Management Partners

http://bavariayachts.com/

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Bavaria Yachtbau GmbH

Mechanical Engineering Industry

Short facts.

• Service Provider
• Year founded 1978
• 653 Employees (site)
• Turnover: >=125m EUR

Products/services: Motorboats ; Sailing yachts

Bavariastr. 1

97232 Giebelstadt

Lower Franconia

+49 9334 942-0

+49 9334 942-1160

info @ bavariayachts.com

https://www.bavariayachts.com

Language skills

English, French, German, Italian

Contact person

Sales / marketing: Jasmin Müller (Mrs.)

Profile/competences

Core competencies

Since 1978 Bavaria yachts have been synonymous with premium quality, solid and lasting values as well as an outstanding price-performance ratio. More than 3.000 motor and sailing yachts per year leave the shipyard ranking among the world?s largest and most successful yacht manufacturers. The shipyard has one of the most state-of-the-art series production facilities for sailing yachts worldwide. From hull lamination to final delivery, our yachts pass various assembly stations covering a distance of more than six kilometres. Bavaria applies standards that are considerably more rigorous than required by law. The GL Yacht Plus Certification, a voluntary yet strict certification process that far exceeds EU requirements offering an even greater degree of security, can be taken as an example.

Key sectors / sub-sectors

• Mechanical Engineering Industry: Marine and offshore technology

NACE industries

• Manufacture of machinery and equipment n.e.c. 28

Certifications

not available

Sales markets - target industries

Sales markets - target countries

Cooperation offers

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August 2024

In the August 2024 issue of Yachting World magazine: News Few finish a tempestuous Round The Island Race European rules are eased for cruising to France and Greece Olympic sailing…

Yachting World

• Digital Edition

Bavaria Yachts files for bankruptcy as investors pull out, but catamaran division still going strong

• Elaine Bunting
• April 24, 2018

Bavaria Yachts, one of the world's largest production boatbuilders, is in financial trouble after US investors decided to withdraw support for the company

German builder Bavaria Yachtbau sent out shockwaves among owners and the industry last week when it declared insolvency. According to German magazine Yacht , US investors Oaktree Capital Management and Anchorage Advisors pulled a day after the sacking of Bavaria’s CEO, Lutz Henkel.

The investors are said to be giving Bavaria a ‘soft landing’, guaranteeing three months of operation until the yard closes for its annual summer holidays.

The news took dealers and suppliers alike by complete surprise.

The insolvency is said to affect the manufacturing arm of the company building Bavaria monohulls. Bavaria Catamarans, formerly Nautitech, is not said to be affected. Bavaria purchased Nautitech from French owner  Bruno Voisard and partners just over two years ago.

The catamaran market has been booming with sales outstripping demand, while mid-sized production monohull sales, which slumped in 2008, have never fully recovered.

UK Nautitech dealers Key Yachting Ltd , said: ‘ To this day, the catamaran business remains in Rochefort, France. It is an independent French company with its own employees, suppliers and bank accounts. Seen as the “jewel in the crown” of the Bavaria group, the well managed and profitable catamaran business is already attracting interest from potential buyers.

‘While we understand that both the Catamaran division and the struggling German operation will probably soon be under new ownership, or indeed ownerships, the operation of the Catamaran business is completely unaffected by the situation in Germany. Therefore trading, delivery and after sales service continue as before.’

Bavaria has been through several chapters of ownership. Buyout firm Bain Capital bought the company in 2007 for €1.3bn and handed over two years later to debt investors Oaktree and Anchorage in a huge debt-for-equity transaction in which the two specialists wrote off 90 per cent of Bavaria’s €960m debts.

The company has sought to expand into larger yachts with the launch of two new larger and more luxurious cruisers, the C57 launched last year and C65 that on show in January at boot Düsseldorf. Bavaria is one of the world’s largest volume production manufacturers, oeprating out of a huge plant in Giebelstadt, near Würzburg, where it builds around 4,000 yachts a year.

Yachting Monthly

• Digital edition

Buyer confirmed for Bavaria Yachts

• Katy Stickland
• September 17, 2018

Hundreds of jobs have been secured following the announcement that a buyer has been found for Bavaria Yachts

Understand boat statistics Credit: Bavaria Yachts

17 September 2018

Bavaria Yachts has been bought by a private equity fund advised by the German investment company CMP Capital Management-Partners.

The move secures 800 jobs in Germany and France.

The yacht builders went into self-administration in April, allowing the firm’s management to remain operational while new investors were sought. This also meant Bavaria could continue to build and deliver 220 yachts during that period.

The private equity fund will also acquire all shares in the French subsidiary Bavaria Catamarans SAS.

‘All 550 employees of BAVARIA YACHTS in Giebelstadt and all 250 employees of BAVARIA CATAMARANS in Rochefort will transfer to the purchaser,’ said Bavaria in a statement.

The purchase will be completed after merger control clearance by the German Federal Cartel Office, which is expected in a couple of weeks. The parties have agreed not to disclose the purchase price.

CMP Capital Management-Partners is a German investment company that has specialised in the acquisition of companies in distress in Germany, Austria and Switzerland since its foundation in 2000.

With the investment in a company, CMP employees assume operative management responsibilities on site. In the case of Bavaria, Dr. Ralph Kudla, restructuring expert and partner at CMP, will join the executive board.

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Commenting, the managing director ofCMP Capital Management-Partners, Kai Brandes, said: ‘We are convinced of Bavaria’s global market potential and will sustainably develop the company. The restructuring measures will focus on regaining market share and improving production costs.’

Restructuring expert Dr. Tobias Brinkmann, managing director of Bavaria Yachtbau since insolvency proceedings began in April 2018, said Bavaria was an ‘outstanding company with a strong brand, compelling products and a highly dedicated team.’

‘We are pleased to have found a well-known and experienced buyer in CMP who will lead Bavaria into the future. The entire management would like to thank our employees, yacht dealers, customers and suppliers,’ he stated.

‘ They have all supported Bavaria Yachtbau during the insolvency proceedings. The fact that Bavaria has been able to successfully build and deliver 220 yachts during the last five months shows how committed and reliable our staff is,’ added Dr Brinkmann

22 May 2018

Bavaria Yachts has announced it is in the process of securing new investment and hopes to make an announcement in July.

The German yacht builder is continuing to take orders and deliver new boats.

‘Production has been stabilised and deliveries are continuing: more than 30 yachts have left the shipyard over the past two weeks and have been handed over to customers,’ said Bavaria in a statement.

‘All 600 employees are on duty, and agreements were reached with all major suppliers for further delivery against short payment terms,’ it added.

Bavaria went into self-administration last month. This allowed the firm’s management to remain operational while new investors are sought.

It only affected operations at Bavaria’s German operations. Nautitech – Bavaria’s catamaran arm – was unaffected.

The German shipyard said management and administrators have started an ‘investor process’ to rebuild Bavaria Yachts for the future.

‘The objective is to be able to present an investor in July 2018,’ said Bavaria.

The firm, which recently celebrated its 40th anniversary, was sold by its founder, Winfried Herrmann to the private equity group, Bain Capital in June 2007 for around €1.1 billion.

The American investment firms, Oaktree Capital and Anchorage Capital Group then became creditors post financial crisis in 2008.

As part of restructuring, Oaktree and Anchorage waived a substantial majority of their loans and became majority shareholders, investing ‘significant resource’.

‘Unfortunately, Bavaria Yachtbau was unable to recover operational profitability,’ said a spokesman for Oaktree and Anchorage.

As a result, Bavaria went into self-administration, and restructuring expert, Dr Tobias Brinkmann was appointed to find new investors.

‘We are continuing the operation and want to go into the coming order season with a new investor,’ stressed Dr Brinkmann.

‘The first expressions of interest have already been received, and we are also actively approaching potential investors,’ he added.

24 April 2018

Bavaria Yachts has confirmed that is has now gone into self-administration.

The German shipyard said boat production and deliveries will continue until June 2018. Wages and salaries for Bavaria’s 600 workers are also secure until then.

The self-administration, which allows the firm’s management to remain operational while an investor for the company is sought, only affects operations at Bavaria’s German operations.

Nautitech – Bavaria’s catamaran arm – remains unaffected and trading, delivery and after sales service at its base in Rochefort, France continues as normal.

‘In the current situation, we want to supply our customers with the usual high quality, stressed Bavaria’s chief operating officer, Erik Appel.

Dr. Ing. Tobias Brinkmann, specialist lawyer for insolvency law and partner in the law firm Brinkmann & Partner, joins the management team. Bavaria’s previous CEO, Lutz Henkel, left the management board last week.

Bavaria said its ‘top priority is now the search for an investor’

‘We have years of experience building high-quality yachts and are industry leaders in many areas,’ said Appel.

Bavaria said that against the background of a good market positioning, the aim was to ‘put the operation on a sound financial basis’.

Bavaria was founded in 1978 and is considered one of the market leaders in European yacht building. In January, it announced the new flagship C65 as well as the C45 models at Boot Düsseldorf.

Payment of wages and salaries for the months of April to June 2018 will be secured by bankruptcy pre-financing.

In a statement, Nautitech Catamarans, said: ‘To this day, the catamaran business remains in Rochefort France. It is an independent French company with its own employees, suppliers and bank accounts. Seen as the “jewel in the crown” of the Bavaria group, the well managed and profitable catamaran business is already attracting interest from potential buyers.

‘Whilst we understand that both the catamaran division and the struggling German operation will probably soon be under new ownership, or indeed ownerships, the operation of the catamaran business is completely unaffected by the situation in Germany. Therefore trading, delivery and after sales service continue as before.’

20 April 2018

The German yacht building giant Bavaria is expected to issue a statement later today, explaining that it is entering administration.

It is thought that the administration will apply to the Bavaria monohulls, but not to Bavaria catamarans. The company, which announced the new flagship C65 as well as the C45 models at Boot Düsseldorf earlier this year, is expected to continue construction and delivery of all current orders and will not be closing its factory.

New sales Record

Bavaria sold more than 160 yachts at boot düsseldorf.

In the Bavaria World at the boot Düsseldorf 2017 Bavaria Yachts presented not only its entire model range of catamarans, sailing yachts and motorboats but also recorded a new sales record. During the nine days of the international watersports fair and the following two weeks over 160 orders for new yachts were signed. This meant that the company's own sales record of 133 boats sold at last year's show in Düsseldorf could be surpassed once more. Sailing yachts and motorboats each accounted for half of the sales. As in the previous year, the number of catamarans sold also increased.

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46 Bavaria 2005 Boat For Sale

Asking price: €135,000.

• Yachts for sale
• express cruisers
• 46' Bavaria

Last updated Jun 1, 2024

46' Bavaria 2005

b-46 muy bien cuidado, ideal charter, lista 6, 

teka en todo el bARCO  nueva 4/23.jarcia nueva 2021 por  mediterranean riging

AIS. nuevo 11/22

motor  volvo nuevo 2017, helice gori nueva,

mayor nueva 22, genova 21.+ mayor repuesto. helice proa.

botavara y contra nueva.

Junio pulido todo el casco y antifouling.

Denison Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Marina Estrella - El Masnou.

Denison Yacht Sales offers the details of this yacht in good faith but can’t guarantee the accuracy of this information nor warrant the condition of this boat for sale. This yacht for sale is offered subject to prior sale, price change, or withdrawal from that yacht market without notice. She is offered as a convenience by this yacht broker to its clients and is not intended to convey direct representation of a specific yacht for sale.

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46' Bavaria HIGHLIGHTS

• Yacht Details: 46' Bavaria 2005
• Location: barcelona, ES-B, Spain
• Engines: VOLVO PENTA
• Last Updated: Jun 1, 2024
• Asking Price: €135,000

46' Bavaria additional information

• Beam: 14' 3''
• Hull Material: Fiberglass
• Fuel Tank: 1 x 250|liter
• Fresh Water: 1 x 500|liter
• Max Passengers: 10

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Bavaria Yachtbau GmbH Bavariastraße 1 97232 Giebelstadt Germany

Phone: +49 9334 942 0 Fax: +49 9334 942 1160

Email:  info(at)bavariayachts.com Internet:  www.bavariayachts.com

Represented by the Board of Management: Michael Müller (Chairman), Thorsten Gatz, Norbert Leifeld

Registered at court: Frankfurt a. Main Register number: HRB 112933

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