New Study 2020: Motorhome Market Is Booming Worldwide by 2025 | Winnebago Industries, Inc., Dethleffs GmbH & Co. KG, Hymer GmbH & Co. KG, Forest River Inc
Recreational vehicles are designed for temporary living quarters for camping, recreational, travel, or seasonal use, and classified into two main types, such as motorhomes and towable.
Motorhomes are not only used for vacation activities but are also widely used across various activities like the festival, concerts, and multi-day events. Motorhomes have an added advantage of reducing vacation costs by an average of 55% over other conventional vacation activities. The aforementioned benefits have been driving an increasing demand for motorhomes in the market over the past two years (2017-2018), and this is likely to continue during the forecast period.
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Motorhome Market Segmentation:
Top leading Manufactures Profiled in Motorhome Market Report are:
Thor Industries, Inc., Winnebago Industries, Inc., Dethleffs GmbH & Co. KG, Hymer GmbH & Co. KG, Forest River Inc., Rapido Motorhomes, The Swift Group, Tiffin Motorhomes Inc., Triple E Recreational Vehicles, BÜRSTNER GMBH & CO. KG
The report highlights major developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the Global market carries key projections that can be practically studied.
Motorhome Market analysis report has recently added by Research which helps to make informed business decisions. This research report further identifies the market segmentation along with their sub-types. The Motorhome Market is expected to reach at a huge CAGR during the forecast period. Various factors are responsible for the market’s growth, which are studied in detail in this research report.
Motorhome Market Scenario:
Increasing Demand for Class C Motorhome
Class C motorhomes are mid-sized RVs which are not built upon existing truck bodies and van chassis. These RVs provide better fuel efficiency than the type A or B motorhomes. Their size varies from 20 ft to 33 ft.
Being built upon existing bodies, these RVs do not cost much and are preferred by families that are on a budget. 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 start from approximately USD 40,000 and goes up to USD 200,000.
The type C motorhome is built on an automotive manufactured van frame with an attached cab section. They are built on a more powerful chassis than a type B motorhome, and thereby, provide more amenities. The shape of Type C is akin to a van cab with an attached camper, unlike that of the class A's bus-like shape.
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Some of the major players in the motorhome market are Thor Industries, Inc., Winnebago Industries, Inc., Tiffin Motorhomes Inc., and Forest River, Inc.. The competition among the manufacturers has been increasing over the past two years, owing to the growing demand for fuel-efficient vehicles. The aforementioned trend is driving the motorhome manufacturers toward expanding their product portfolio, focusing more on electric drive motorhomes.
Major players are trying to consolidate their sales by cutting down the costs, while smaller players are focusing on new product launches and expansions. Market leaders are trying to acquire smaller players. In 2018, RV retailer LLC signed an agreement to acquire RV One Superstores. In February 2019, Thor Industries acquired one of Europes largest RV manufacturers, Erwin Hymer Group. During 2018, RV One sold more than 8,000 recreational vehicles.
The key insights of the Motorhome Market report:
─The report provides key statistics on the market status of the Motorhome market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
─The Motorhome market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.
─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
─The report estimates 2020-2026 market development trends of Motorhome Market.
─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
─The report makes some important proposals for a new project of Motorhome Industry before evaluating its feasibility.
In conclusion, Motorhome market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Motorhome Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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