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Recreational Vehicles Market By Type (Travel Trailers, Motor Homes, Campers & Camping Trailers, Conversion Vehicles), By Power Source (Gasoline, Diesel, Electric) - Growth, Future Prospects And Competitive Analysis, 2019 – 2027

The global recreational vehicle market is expected to reach US$ 61.25 billion by 2027, with a steady resurgent growth of 5.9% from 2019 to 2027.

By 2027, North America will continue to be the largest recreational vehicle market.

In 2018, North America led the recreational vehicle market worldwide in terms of both value and units shipped. The region alone accounts for nearly half of global recreational vehicle sales and is expected to maintain its dominance throughout the forecast period, exhibiting resurgent growth following the economic recovery.

The region is home to a large number of established manufacturers and exporters, as well as a large population of people aged 55 to 60, who are major end-users of recreational vehicles. Over 80 percent of the total recreational vehicles produced in the U.S. are manufactured in Indiana, with the majority in Elkhart County. Over 9 million households in the U.S. own at least one recreational vehicle.

In addition, regulated demand for RVs with state-of-the-art accessories and home-like amenities among wealthy sections of society will keep market demand afloat in North America. On the other hand, Asia Pacific is foreseen to register superior growth during the forecast period.

Australia and China are Asia Pacific's two largest recreational vehicle markets. The anticipated growth will be influenced by increasing discretionary income, rising consumer interest in recreational vehicle camping, and initiatives taken by the governments of several countries to develop tourism.

Travel Trailers to Dominate Throughout the Forecast Period

Currently, travel trailers are the most preferred recreational vehicle variants among end-users. The value contribution of travel trailers stood at over 55% of the global recreational vehicle market value in 2018.

The dominance of travel trailers is a result of the convenience they offer in towing and their use in a wide range of recreational activities. On the other hand, motor homes, which are relatively more expensive than towing variants, are registering resurgent growth after witnessing a decline during the economic recession.

The growth can be largely credited to an increase in the baby boomer demographic in developed countries that is likely to buy a motor home on the back of increased leisure time. In addition, a preference for elegant interiors and home-like amenities during recreational activities will drive demand for motor homes during the forecast period from 2019 to 2027.

Key Players:

Some of the leading manufacturers profiled in the research study include Thor Industries Inc., Winnebago Industries Inc., Kropf Industries, Forest River Inc., Crossroads RV, Fleetwood Corporation, GMC Motorhome, REV Group Inc., Skyline Corporation, Triple E Recreational Vehicles, Nexus RV LLC, Tiffin Motorhomes, Inc., and Dethleffs Motorhomes, among others.

Periods of History and Forecast

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2022, considering 2018as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the global market for recreational vehicles in 2017 and 2018?
  • What are the estimated forecast and market projections for the global recreational vehicle market from 2018 up to 2026?
  • Which is the largest regional recreational vehicle market?
  • Which recreational vehicle variant contributes the most revenue worldwide?
  • Which recreational vehicle segment will be the most attractive for investment?
  • Predominant trends shaping the global recreational vehicle market worldwide
  • Who are the leading manufacturers in the global recreational vehicle market worldwide?
  • What are the key strategies adopted by the leading manufacturers in the global recreational vehicle market?

Frequently Asked Question:

The market for Recreational Vehicles Market is expected to reach USD$ 61.25 Bn in 2027.

The Recreational Vehicles Market is expected to see significant CAGR growth over the coming years, at 5.9%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Winnebago Industries Inc., Kropf Industries, Forest River Inc., Crossroads RV, Fleetwood Corporation, are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2019
Category:  Automotive & Transportation
Report ID:   59728
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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