Italian boating industry Spotlight


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According to a new report, the impact of the Italian boating industry is estimated at €27bn. The new study shows the sector’s impact on the Italian nautical industry, which grew three times faster than the country’s GDP between 2012 and 2022.


The first Altagamma-Deloitte study of the economic and employment impact of the yachting industry in Italy shows the sector’s overall impact is 2.7 times its direct economic impact and six times its employment impact. Approximately 59 per cent of the total impact was generated by the use of yachts, 38 per cent by new builds and 3 per cent by refits.


The study also highlights an unexpressed potential: just 6 per cent of superyachts (> 24m) visiting Italy fly the Italian flag.


The Altagamma-Deloitte study 'La nautica da diporto in Italia' was presented in Milan by Giovanna Vitelli, vice president of Altagamma for the nautical sector and chair of the Azimut|Benetti group, and Tommaso Nastasi, senior partner of Deloitte, in the presence of Matteo Lunelli, president of Altagamma.


Operating across a number of sectors, Altagamma encompasses 119 brands in the fashion, design, jewellery, food, hospitality, automotive and nautical industries. The foundation, formed in 1992, works to enhance the growth and competitiveness of Italian high-end industries.


The authors say this is the first study to examine the economic and employment impact of the nautical sector in Italy, the global leader in the construction of yachts exceeding 24 metres, taking into account both shipbuilding and marine tourism.


130 | ISSUE 109 | SEP 2024 | THE REPORT


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