Recreational Vehicle Market Size till 2030

Posted by Pradip on February 11th, 2022

The global recreational vehicle market has segmented on the basis of product application and product type. Speaking about product application-based market segmentation, the market is divided into business and leisure. However, the leisure segment is projected to be the dominating section. The major reason behind this would be the growing popularity of these vehicles. Besides, the demand for a perfect luxury vehicle is also increasing with time. Now, based on product type, it is segmented in to travel trailers, truck campers, fifth-wheel camper, folding camping, class A, B, and C motorhomes. Among these, the travel trailer product type is projected to rule the market.

As per the report, during the forecast period, the global recreational vehicle market is expected to grow at the Compound Annual Growth Rate of 8.60 %. The industry is expected to see tremendous growth during this forecast period. Speaking about recreational vehicles, these are like hotels for the owners and also considered as an inexpensive way to travel a long distance with comfort. As per the report, the growth in the uses of such vehicles is connected with a rise in income level.

Market Overview

This global recreational vehicle market study report, which includesa market forecast report until 2025, is an in-depth study of the current as well as the future study of the industry. The research report also offers a complete overview of the market share, its competitor segment, product types, regional segmentation, and more. Furthermore, this market research report offers an overview of the global recreational vehicle market growth, revenue, cost structure, capacity, the rate at which the market is now expanding, and more.

Key Vendors- Forest River Inc., Burstner Gmbh &Co. kg, Thor industries Inc., NeXus RV, Winnebago industries, REV group Inc., and the swift group

The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of Recreational Vehicle products. The high demand for electric vehicles or EVs in the developing regions can translate to tremendous business growth in the following period.

Regional Overview

The global market for recreational vehicles, based on region, is divided into some crucial regions across the world. The global market is divided into North America, Asia Pacific, Europe, and the rest of the world. Now, to conduct proper research, the North American market is further divided into the US, Canada, Mexico, and more. The Ais Pacific market is categorized under Australia, New Zealand, China, India, and more. The European market is segmented into France, the UK, German, Spain, Italy, and more. Under the Rest of the World, there are South America, Africa, and the Middle East. North America is projected to lead the market in the future.

Industry News

In 2019, February 27, Thor Motor Coach launched its new customer care app, which is running with TOGO. The app will track the maintenance, send the important notification, and keep the service records of the owner’s recreational vehicle. This is expected to develop a better customer relationship between the company and its customers.

Based on the type of product: This is further divided into the following:

Class A motor homes.

Class B motor homes

Class C motor homes.

Folding camping

Fifth wheel campers

Travel trailers

Truck campers

Based on application: This segment is future divided into two subcategories:

Business

Leisure

Read more@ https://www.marketresearchfuture.com/reports/recreational-vehicles-market-7537

Table  of  Contents:

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 13

1.2 GLOBAL RECREATIONAL VEHICLE MARKET, BY PRODUCT TYPE 14

1.3 GLOBAL RECREATIONAL VEHICLE MARKET, BY APPLICATION 15

2 MARKET INTRODUCTION

2.1 DEFINITION 16

2.2 SCOPE OF THE STUDY 16

2.3 MARKET STRUCTURE 16

2.4 KEY BUYING CRITERIA 17

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 18

3.2 PRIMARY RESEARCH 19

3.3 SECONDARY RESEARCH 20

3.4 MARKET SIZE ESTIMATION 20

3.5 TOP DOWN & BOTTOM Up APPROACH 21

3.6 FORECAST MODEL 21

3.7 LIST OF ASSUMPTIONS 22

4 Market Dynamics

4.1 Introduction 23

4.2 Drivers 23

4.2.1 Growth Of The Tourism Sector 23

4.2.2 AvaILability Of Recreational Vehicle Rental Services 24

4.2.3 Drivers Impact Analysis 25

4.3 Restraint 26

4.3.1 Government Regulations Related To Recreational VehicleS And Issues Related To Component Standardization 26

4.3.2 Restraint Impact Analysis 27

4.4 Opportunity 27

4.4.1 Strategic Developments For Growth By Major Players 27

5 Market Factor Analysis

Continued…