Motor Home Market Globally Grow at a CAGR of 7.2% by 2023 | Top Key Players - Dethleff Motorhomes, Rapido Motorhomes, Swift Leisure, Thor Industries, Winnebago Industries

The market is projected to grow at a CAGR of 7.02% over the forecast period 2018-2023. North America contributed to a market share of over 50%, followed by Europe in 2017. IRS (Internal Revenue Service) regulations proclaim that a motorhome with basic sleeping, cooking and bathroom facilities can be used as security for a loan and can also be claimed as a second home when met with IRS norms. The growth of the motorhome market is reflected by the enduring appeal of the motorhome lifestyle, even more so in the context of the economic revival in the country.

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Upcoming motorhomes are compact, efficient and aerodynamically advanced with higher fuel economy. The increase in fuel cost affects freight rates and other costs indirectly, where fuel surcharges are attached. Such surcharges could be avoided to a considerable extent in case of motorhomes.

Major Players:

DETHLEFF MOTORHOMES, RAPIDO MOTORHOMES, SWIFT LEISURE, THOR INDUSTRIES, WINNEBAGO INDUSTRIES, amongst others.

Key Developments:

March 2018:

Camperco Group Ltd, an independent comprising four UK and Ireland based businesses, including Bunk Campers, has been sold to Apollo Tourism and Leisure Ltd for u00a34.5 million.

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Advantages of Motorhomes
• Fuel prices for the entire vacation could be 66% less in case of motorhomes instead of a conventional vacation without a motorhome
• 80% of the motorhomes sold in North America and Europe are non-motorized, which explains the popularity of these type of RVs in the region
• 30% of motorhome owners (including fleet owners) have a diesel towed motorhome, promoting greater fuel efficiency and fuel combustion.

Based on the provision of comfort, motorhomes are categorized into three typesu2014Class A, Class B, and Class C. The first category is regarded as the most expensive and luxurious, offering an expansive front window for viewing the surrounding landscape and berths that convert into a lounge or dinette area. Class B is treated as semi-integrated and possesses a double bed at the rear of the vehicle. Finally, the Class C, also known as coach built, provides a double berth over the driving cab.

Availability of pre-owned vehicles and rental companies offering housekeeping packages to consumers will drive the market for motorhomes during the forecast period. Market leaders are now trying to employ extensive promotional activities to propagate the popularity of motorhomes in the potential developing markets of the Asia-Pacific region.

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