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Recreational Vehicles Market size Emerging Growth by Top Players | Winnebago Industries, Thor Industries, REV Recreation Group, and Forest River Inc

03-26-2019 07:14 AM CET | Logistics & Transport

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Recreational Vehicles Market size Emerging Growth by Top

Market Study Report newly added the Global Recreational Vehicles Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

Some of the key industry players in the recreational vehicle market place include Winnebago Industries, Thor Industries, REV Recreation Group, and Forest River Inc. Industry participants are engaged in mergers and acquisitions for improving their market share. For instance, in 2016, Thor Industries acquired Jayco for USD 576 million. This acquisition has enabled the company to diversify its portfolio with a wide range of travel trailers, Class A, and Class C motorhomes, and attract a wide of customers.

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Industry participants are continuously investing in R&D to enhance efficiency and improving the vehicle performance by incorporating innovative solutions. For instance, in 2018, Winnebago, in partnership with Motiv Power Systems, introduced a fully electric recreational vehicle with a total driving range of up to 125 miles on a single charge. In 2017, Germany based Dethleffs showcased an RV with solar panels fitted on all the walls of the vehicle. This eliminates the constant requirement for charging the batteries and reduces the operating costs significantly.

Proliferating RV rental services demand along with the availability of multiple RV models at varied price points and engine alternatives has in turn led to increased consumer attraction towards these services. Inadvertently, requirement to cater the growing consumer demand along with fleet expansion will support the business expansion till 2024. The introduction of lightweight and ultra-lightweight RVs with focus on lower cost and reduced fuel consumption, are driving the recreational vehicles market over the study timeframe.

Increasing participation in recreational activities, proliferating recreational vehicle parks, and increasing disposable income across major economies are among the prominent factors driving the industry share. According to the RVIA publication, in March 2018, 89% of the consumers purchase recreational vehicles for camping in North America.

Stringent government regulations regarding the safety aspects of recreational vehicles involving the drivers and passengers are boosting the customers? confidence, thereby playing a major role in the increased adoption of the RVs. Moreover, continuous support from the government to upgrade existing RV parks, recreational facilities and customized services for RV owners will strengthen the industry share over the forecast timeframe. However, higher costs associated with the acquisition and maintenance of these vehicles coupled with stringent norms regarding age and driving license restrictions for operating such vehicles will hamper the industry growth till 2024.

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Towable RVs accounted for over 900 thousand units in 2017 and is expected to hold its dominance through the forecast period. Low fuel consumption, easily towable units, lower maintenance & insurance costs, and depreciation value are some of the major benefits of the towable RVs. Advent of truck campers that can be easily towed with the help of SUVs are among the chief products gaining traction. Conventional travel trailers are expected to dominate the market through the forecast period, predominantly owing to the availability of RVs at the lower cost amongst the other available options.

Gasoline segment accounted for around USD 23 billion in 2017 and is expected to continue its dominance over the forecast timeframe. This can be attributed to the lower maintenance and operation cost along with lower taxes compared to the counterparts. Further, lower acquisition costs along with supporting government regulations supporting the petrol vehicles sales over diesel owing to lower pollution are strengthening the industry expansion till 2024.

Asia Pacific is expected to witness significant growth at around 7% over the forecast period. This can be credited to the significant growth of the middle-class population and increasing emphasis on development of tourism in countries including China, India, Thailand, South Korea, Australia, and Japan. According to the U.S. Department of Commerce, China had around 56 active RV manufacturers contributing significant share of the nation?s RV market, as of 2016.

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry Insights and validation

1.1.4. Scope, definitions, & forecast parameters

1.1.4.1. Definitions:

1.1.4.2. Forecast parameters & considerations

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Recreational vehicles industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Vehicle trends

2.1.3. Fuel trends

2.1.4. Regional trends

Chapter 3. Recreational Vehicles Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.1.1. Fiber-reinforced plastic panel

3.3.1.2. High-Pressure Laminates

3.3.1.3. Plywood

3.3.1.4. Polyvinyl Chloride

3.3.1.5. Others

3.3.2. Pricing trends

3.3.2.1. Laminated panels and cabinets

3.3.3. Manufacturers

3.3.4. Profit margin analysis

3.3.5. Distribution channel analysis

3.3.5.1. Component importers

3.3.5.2. Distributors

3.3.5.3. Laminators

3.3.5.4. RV manufacturers

3.3.6. End-users

3.3.7. Aftermarket

3.3.8. Vendor matrix

3.4. List of key players involved in the sales flow

3.4.1. RV Manufacturers

3.4.2. Laminators

3.4.3. Distributors

3.4.4. Importers

3.5. Pricing trends by region

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.5.6. Cost structure analysis

3.6. Technology Landscape

3.6.1. Solar-powered RV

3.6.2. Helium Technology

3.6.3. Accu-Slide Expandable Room System

3.7. Material trends

3.7.1. Fiber reinforced plastic panel

3.7.2. High-Pressure Laminates

3.7.3. Plywood

3.7.4. Polyvinyl Chloride

3.7.5. Others

3.8. Regulatory Landscape

3.8.1. North America

3.8.2. Europe

3.8.3. Asia Pacific

3.8.4. Latin America

3.8.5. Middle East & Africa

3.9. Industry best practices and key buying criteria

3.9.1. Need recognition

3.9.2. Information search

3.9.3. Evaluation of alternatives

3.9.4. Purchase decision

3.9.5. Post purchase behaviour

3.10. Industry impact forces

3.10.1. Growth drivers by region

3.10.1.1. North America

3.10.1.1.1. Rising preference of millennials towards RVs

3.10.1.1.2. Increasing recreational vehicle parks

3.10.1.2. Europe

3.10.1.2.1.1. Advanced technological features

3.10.1.3. Asia Pacific

3.10.1.3.1. Increasing recreational spending

3.10.1.4. Latin America

3.10.1.4.1. Proliferating RV rental services

3.10.1.5. MEA

3.10.1.5.1. Growing demand for high-end products

3.10.2. Industry pitfall and challenges

3.10.2.1. High cost of owning and maintaining recreational vehicles

3.11. Growth potential analysis, 2017

3.12. Porter's analysis

3.13. Competitive landscape

3.13.1. Top players' overview, 2017

3.13.2. Strategic dashboard

3.13.3. PESTLE analysis

Complete report titled at www.marketstudyreport.com/reports/recreational-vehicles-m...

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