Global Recreational Vehicle Market was valued US$ 40.80 Bn in 2017 and is expected to reach US$ 70.30 Bn by 2026, at a CAGR of 7.25 % during a forecast period.
Global Recreational Vehicle Market is segmented into product type, application, fuel, and geography. Based on the product type, the global recreational vehicle market is divided into motorhomes, toy haulers, fifth wheels, destination trailers, and camping trailers. Application segment is classified into gasoline and diesel. Based on the fuel, the global recreational vehicle market is categorized into leisure activities and business activities. By region, the global recreational vehicle market is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Increase in consumer spending on recreational and tourism activities are boosting the growth in the recreational vehicle’s market. Growing recreational vehicle parks along with the introduction of several modified facilities for recreational vehicle owners to improve their camping experience is further consolidate the recreational vehicles business. The high cost associated with the acquisition and maintaining of the recreational vehicles are hampering the growth in the recreational vehicle market.
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Motorhomes segment is projected to account for nearly about 60% recreational vehicles market share in the global recreational vehicle market owing to it offers benefits such as enhanced interior space with services comprising beds, kitchen, sink, and bathroom. Manufacturers are focusing to provide it at lower interest rates along with cooler piloting and camping capabilities such as electric jacks and hooks supports the product proliferation.
Gasoline segment is expected to witness significant growth rate in the recreational vehicle’s market over the forecast period. This growth can be attributed to the numerous benefits offered such as easier fuel availability, lower maintenance and acquisition cost. The lower emissions from the gasoline recreational vehicles accompanied by improved performance in high altitude and cold weather conditions are boosting the demand for gasoline recreational vehicles. It also supports with coupled capability such as superior power and speed capabilities which helps to support a positive outlook for the recreational vehicles market growth.
North America is expected to hold large market share in the recreational vehicle’s market. This growth can be attributed towards growing demand of the recreational vehicles and high average disposable income of the population which allows the consumers to invest in luxurious recreational vehicles. Rising consumer interests in touring and another recreational activities such as new destination exploration camping, sight-seeing are expected to present significant growth over the forecast period. North America and Europe are contributed to around 80% of the global recreational vehicle market.
The recreational vehicle market has boomed since its financial crisis low point. According to the recreational vehicle industry association, in 2017 more than 500,000 RVs were sold. The sales included nearly about 442,000 towable trailers and 63,000 motorhomes.
Some of the major key players in the global recreational vehicle market include Thor Industries Inc., REV Group Inc., Forest River Inc., Winnebago Industries Inc., Nexus RV LLC, Tiffin Motorhomes, Inc., Triple E Recreational Vehicles, and Dethleffs Motorhomes.
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scope of the report for Global Recreational Vehicle Market
Global Recreational Vehicle Market, by Product Type
• Toy Haulers
• Fifth Wheels
• Destination Trailers
• Camping Trailers
Global Recreational Vehicle Market, By Fuel
Global Recreational Vehicle Market, By Application
• Leisure Activities
• Business Activities
Global Recreational Vehicle Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key players In Global Recreational Vehicle Market
• Thor Industries Inc.
• REV Group Inc.
• Forest River Inc.
• Winnebago Industries Inc.
• Nexus RV LLC
• Tiffin Motorhomes, Inc.
• Triple E Recreational Vehicles
• Dethleffs Motorhomes
• ADRIA MOBIL, d.o.o
• Erwin Hymer Group
• Lunar Caravans
• Northwood Manufacturing
• Nexus RV
• Pleasure-Way Industries Ltd.
MAJOR TOC OF THE REPORT
Chapter One: Recreational Vehicle Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Recreational Vehicle Market Competition, by Players
Chapter Four: Global Recreational Vehicle Market Size by Regions
Chapter Five: North America Recreational Vehicle Revenue by Countries
Chapter Six: Europe Recreational Vehicle Revenue by Countries
Chapter Seven: Asia-Pacific Recreational Vehicle Revenue by Countries
Chapter Eight: South America Recreational Vehicle Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Recreational Vehicle by Countries
Chapter Ten: Global Recreational Vehicle Market Segment by Type
Chapter Eleven: Global Recreational Vehicle Market Segment by Application
Chapter Twelve: Global Recreational Vehicle Market Size Forecast (2019-2026)
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