Asia-Pacific Recreational Vehicle Market 2021 Business Scenario – SAIC Motor, Thor Industries Inc., Beijing North Rv Co., Ltd

Asia-Pacific Recreational Vehicle Market Report 2021 – 2025 is a believable source for gaining the market research that will exponentially accelerate your business. SWOT and Porter’s five analysis are also effectively discussed to analyze informative data such as cost, prices, revenue, and end-users. The Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The report also entails the Covid-19 and post-Covid dynamics in the global Asia-Pacific Recreational Vehicle market.

The Asia-Pacific recreational vehicle market is expected to register a CAGR of over 12%, during the forecast period (2020 - 2025).

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The Top Major Competitive Players are : SAIC Motor, Thor Industries Inc., Beijing North Rv Co., Ltd., Zhongyu Automobile, Great Wall Motor Co., Ltd., Fuji Camping Loading Co., Ltd., ShanDong Dream Trip RV Co., Ltd., Henan Wuzhou Line Special Vehicle Co., Ltd., Josh Dezigns, Ojes Automobiles

Industry News:

- In 2019, at China Beijing International Recreational Vehicle and Camping ExhibitionIVECO launched its intelligent Daily Recreational Vehicle, and along with that, it displayed more than twenty imported IVECO Daily RVs. These RVs are equipped with features such as remote temperature and ventilation control, lighting, one-button parking.
- In 2018, Erwin Hymer Group entered into a joint venture with the Chinese Lingyu Group for manufacturing and sales of caravans and motorhomes the combined entity will be called as Luoyang Erwin Hymer-Loncen Caravan Co. LTD.

Key Market Trends

RV Rental will hinder the growth of the Market

RV rental services are the platform through which anyone can enjoy RV experience occasionally. Platforms such as JapanCampers, Fuji Cars Japan are growing in the regional market, connecting various RV rental customers to private owners. These platforms provide RV booking either through online or face-to-face meetings. The growing RV rental information platforms provide ease of booking an RV, which is affecting the new RV sales in the region.

Similarly Shanghai Auto, one of the largest motorhome manufacturers in China is trying to construct a motorhome ecosystem in China. Its plan includes taking over the operation of campgrounds and providing rental business incorporation with tourist agencies for designing motorhome camping trips throughout China. RV2GO an RV rental app that also provides campground booking is popular with local consumers with a total of 1.1 million downloads. This app provides details on the types of activities available through motorhome, along with that it also provides useful tips on operating and maintaining an RV and shows campground information and the reservation process.

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Regional Analysis:

Japan will witness the highest market growth

According to Japan Recreational Vehicle Association, in 2005, the number of RV owners in Japan is around 50,000, but by end of 2015 the number had nearly doubled to 95,100, and in 2018 the number of units was 112,500. Also, the number of units shipped was increasing every year, and overall sales marked a new record in 2018 of 45.8 billion yen.

JRVA promotes RV culture through conducting interviews producing an original publication, novelty goods, and plans and manages tradeshows and camping car events in japan to expose more people to the pleasure of the RV culture. JRVA has constituted cooperation with administrative agencies, campgrounds, and leisure-related industries. For instance, JRVA established a user club named Kurumatabi Club, which introduced a You-yu Park service which allows users to take advantage of services and parking of member-hotels.

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