Recreational Vehicle (RV) Composite Panels Market size will shoot up to US$ 554.9 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Recreational Vehicle Composite Panel Market scenarios and has also estimated the Recreational Vehicle Composite Panel Market size to reach US$ 554.9 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Recreational vehicle composite panels market continued its disruptive journey in 2018. The next five years for the market are going to be more vigorous with attractive growth opportunities in the entire ecosystem of the market. It is estimated that the recreational vehicle composite panels market will reach an estimated value of US$ 554.9 million in 2024. Organic growth in the production of recreation vehicles supported by growing outdoor participation activities and conversion of tent participants to RV enthusiasts is the prime growth driver of the market. An incessant shift from traditional wood panels to composite panels in RV is aiding additional growth in the market, ultimately driving the segment to grow at an above-industry growth rate in the foreseeable future.
Camping roughly accounts for one-third of the total US outdoor participation activity. In camping, recreation vehicles activity represents one of the major outdoor activities, especially in the North American and European countries. RV campers have been increasing progressively as the activity allows campers to freely move at any destination at any time. RV vehicles include camping vehicles, either motorhomes or large trailers towed by trucks.

Over a period of time, the RV industry has experienced a remarkable transition in the panel's technology in terms of material and design. Nowadays, RVs panels are preferably being made with composites rather than wood or metals. Weight reduction is the key requirement of RV OEMs which gives an extra room to OEMs to take the comfort of customers to the next level by adding more luxury items. Although the price of composite panels is higher, these panels are marking greater penetration in the industry as OEMs are gradually abolishing wood panels for sidewalls and floors, which are prone to damage or moisture intrusion.

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The market is segmented based on the product type as Towable RV and Motorized RV. Towable RV is expected to remain the most dominant segment of the market during the forecast period, driven by North America. Towable RVs are more common in North America as compared to Europe, the latter region has the dominance of motorized vehicles. Towable vehicle shipments accounted for more than 85% of the total RV shipments in North America in 2018.

Based on the application type, the market in recreational vehicles is segmented as Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel. Sidewall panel is expected to remain the most dominant application in the market over the next five years, whereas floor panel is likely to be the fastest-growing application during the same period. There are different materials and designs of panels for different applications in RVs.

The market is also segmented based on the resin type as Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels. Polyester composite panel is expected to remain the largest segment during the forecast period. Polyester resin has the lowest cost and offers good properties including impressive linear thermal expansion and relatively low shrinkages, which make it best fit for producing recreational vehicle composite panels. Epoxy resin is a preferred choice for some floor and roof panel applications.

The market is segmented based on the core material type as polystyrene (PS) foam, polyurethane (PU) foam, and other core materials. PS Foam is expected to remain the major core material type during the forecast period. Excellent mechanical properties, excellent insulation property, good moisture resistance, and low weight are some of the key factors that have led to the high adoption of PS foam in the market.

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https://www.stratviewresearch.com/toc/468/recreational-vehicle-composite-panels-market.html

Highlights of the Report:

As per Stratview Research, North America is expected to remain the largest market for recreational vehicle composite panels during the forecast period. The USA is the growth engine of the North American market. Europe is also likely to offer sizeable growth opportunities during the forecast period. Germany is likely to remain the largest and fastest-growing market in the European region during the same period.

The report also throws light on the Recreational Vehicle Composite Panel Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned the Recreational Vehicle Composite Panel Market are Crane Composites Inc., LAMILUX Heinrich Strunz Holding GmbH & Co. KG, US Liner Company, Glasteel (Stabilit America Inc.), and Hanwha Adzel, Inc.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The recreational vehicle composite panel market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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