Recreational Vehicle Market 2020 Current Trends, Rising Demand and Top Key Players – Thor Industries Inc., Forest River Inc., Winnebago Industries, Inc., REV Group

Recreational Vehicle Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Recreational Vehicle including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Recreational Vehicle investments from 2020 till 2025.

The recreational vehicle market is anticipated to grow at a CAGR of over 6% during the forecast period.

The Recreational Vehicle market is highly competitive and consists of a number of major players. Top Companies like Thor Industries Inc., Forest River Inc., Winnebago Industries, Inc., REV Group, NeXus RV, Tiffin Motorhomes Inc., Triple E Recreational Vehicles, Dethleffs GmbH & Co. KG, BÜRSTNER GMBH & CO. KG, The Swift Group, Rapido Motorhomes among others.

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Scope of the Report

Asia-Pacific region leads in terms of growth rate during forecast period propelled by increasing significant growth of the middle-class population and increasing emphasis on development of tourism in the countries of the region.

Key Market Trends

Motorhomes Segment to Experience the Highest Growth During the Forecast Period

The motorhomes segment of the market is anticipated to grow at the highest CAGR during the forecast period. The increase in the number of campgrounds in the country illustrates the increasing preference for recreational travel with motorhomes. Also, they are being widely used in the country, not only for vacation traveling, but also for tailgating, traveling with pets, for business, and as a preferred mode of transportation in outdoor sports and other leisure activities.

Among the motorhomes, the Class C motorhomes provide better fuel efficiency than the type A or B motorhomes. They are often referred to as mini-motorhomes, which provide the amenities of a larger motorhome in a scaled-down version and at a lower price. The price of these motorhomes starts from approximately USD 40,000 and goes up to USD 200,000. In addition, manufacturers are adding multiple slide-outs to increase the living space and designing a large variety of floor plans with larger chassis versions. These hybrid class C+ (ideal for a family with 4-6 members) are currently being tested for increasing their consumer base of class C motorhomes. Such developments are anticipated to boost the growth of the segment during the forecast period.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Recreational Vehicle Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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The research includes historic data from 2015 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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