Yacht Maintenance and Refit Market Trends

Yacht Maintenance and Refit Market Trends

Innovations in yacht design, materials, and onboard technology are driving owners to upgrade their vessels. Modern features like advanced navigation systems, eco-friendly engines, and smart systems for comfort are now standard. This trend is leading to more refits as owners update older yachts, and it also increases the demand for maintenance services to keep these advanced systems running smoothly. Additionally, safety is a top priority for yachts, especially with more intensive use for personal and charter purposes. Regular maintenance is crucial to ensure all systems are operating properly, while refits often involve upgrading safety equipment and improving structural integrity.
 

Stricter environmental regulations concerning emissions are forcing yacht owners to make modifications to comply with new standards. These include the installation of more efficient engines, waste treatment systems, and eco-friendly hull materials. Yacht refit and maintenance companies are launching new innovative services to help yacht owners lower the environmental impact of their yachts. For instance, in April 2023, MB92 Group, a superyacht refit and maintenance company launched ‘Refit for the Future’, a new service for superyacht owners to help them reduce the environmental impact of their yachts, lower the operating and financing costs and protect re-sale value.