Yachts by size

Typically, a yacht measures at least 10 metres (30 ft.) in length, whereas a superyacht measures 30 to 50 metres (100 to 165 ft.) in length. Superyachts are production boats that are sold with a select list of options, and models are usually updated regularly. A superyacht becomes a megayacht when its length reaches or exceeds 60 metres (200 ft.). A megayacht requires more than 40,000 man hours to build and it will often take 3 to 5 years before it meets the waves. Megayachts are some of the more advanced and efficient vessels on the water. They can welcome 10 to 17 passengers with some 20 crew members to service and maintain the vessel. Up to 80 metres, prices range from $40M to $150M. Annual maintenance is calculated in the tens of millions of dollars. Fewer than 30 megayachts are built annually. When a megayacht reaches or exceeds 90 metres (300 ft.) in length, it is referred to as a gigayacht. 18 to 40 passengers in the gigayacht class, and the crew-to-passenger ratio ranges from 1.5 to 2.2 or higher. Gigayacht prices start at $100M and can exceeed $1B. Fewer than 15 gigayachts are launched annually by some 20 European builders, and fewer than 100 of them are operating worldwide.