openPR Logo
Press release

Top Ten Suppliers In North America Recreational Vehicles 2024:Thor Industries, Inc., Winnebago Industries, Inc., Forest River, Inc., REV Group, Inc., Nexus RV LLC.

North America Recreational Vehicles Market

North America Recreational Vehicles Market

Report Overview

North America sales of recreational vehicle are projected to reach US$ 26.19 Bn by 2024 end, expanding at a CAGR of over 7%. In terms of consumption volume, recreational vehicles will possibly exceed 465,000 units within the first half of the assessed period i.e. by 2020 end.

This report provides in depth study of "North America Recreational Vehicles Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The North America Recreational Vehicles Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Planning To Introduce An Offbeat Product/Technology In The North America Recreational Vehicles Market? Go To "Purchase Now" To Have Our North America Recreational Vehicles Market Report! https://www.persistencemarketresearch.com/checkout/3520

In a recently published market outlook titled "Recreational Vehicle Market: North America Industry Analysis and Forecast 2016 to 2024," Persistence Market Research delivers key insights into the critical factors expected to impact the market growth over the next few years. The report also provides country-wise and segmental analysis estimated for an eight-year forecast period, 2016-2024.

"Revenue sales of recreational vehicle across North America will be highly impacted by demographics, consumer behavior, and purchasing power. Eco-friendly and lightweight recreational vehicle highlight a current growing trend, whereas hybrid/battery-operated recreational vehicles have recently emerged as a promising trend. Rental market for recreational vehicle is witnessing significant growth. Growing preference for online shopping will also benefit RV promotion and sales," Persistence Market Research comments on the most influential trends in North America's recreational vehicle market.

Drivers, Trends, and Opportunity Insights

Rising consumer inclination toward entertaining outdoors and adventure travel will remain the key drivers to North America market for recreational vehicles. Recent style and design innovations fuel the market growth further.

Developing outdoor recreational infrastructure and growing preference for sustainable tourism against mass tourism will collectively create revenue generation channels for RV manufacturers.

Baby Boomers have always been the largest consumer cluster for recreational vehicle. However, several manufacturers are increasingly targeting young consumers through emphasis on new, cost-effective product launches based on advanced technology. Thor Industries recently (2016) introduced smaller Class C and Class A motorhomes, specifically targeting younger generation consumers.

Country-wise Market Insights

U.S. based manufactures are likely to encounter with attractive opportunities in developing Asian countries, including Japan, China, and South Korea. For existing network expansion, various small manufacturers are consolidating with established players. Vendors are also offering multiple financing options on RV purchase.

A few more factors that will continue to favor the growth of recreational vehicle market include initiatives by governments. States' rising investments in specialized roadways specifically designed for recreational vehicle prompt at lucrative opportunities in near future.

Planning Forward? Access Sample of North America Recreational Vehicles Market Report @ https://www.persistencemarketresearch.com/samples/3520

Geographical analysis of North America recreational vehicle market bifurcates the market into the U.S. and Canada. While the U.S. is anticipated to take a leap over US$ 22 Bn by 2024 end, Canada market will possibly represent a total incremental opportunity of US$ 1,552.2 Mn between 2016 and 2024.

U.S. currently accounts for over 87% share of the North American market; however, Canada is identified to be a growing market driven by relatively higher growth opportunities.

Segment Insights

By exterior construction material, North America's recreational vehicle market is classified as -

Wood
Aluminum
Fiberglass
Steel
Others

Aluminum segment, with roughly 40% value share, currently leads the market. Persistence Market Research expected this segment to surpass US$ 10 Bn in 2024, closely followed by fiberglass. The latter is likely to demonstrate the highest growth at a CAGR of over 9%, gaining around 320 BPS over the next eight years. This growth is due to surging demand for eco-friendly, lightweight vehicles.

By type, the recreational vehicle market in North America is segmented into -

Motorhomes
Class A Motor Homes
Class B Motor Homes
Class C Motor Homes
Travel Trailer & Campers
Conventional Travel Trailers
Fifth-wheel Travel Trailer
Camping Trailers
Folding Camping Trailer
Truck Camper

Although large motorhomes, especially those equipped with solar and wireless technologies are experiencing higher traction, travel trailers and campers will remain dominant throughout the forecast period. Travel trailers and campers segment currently holds a dominant share of nearly 61%, followed by motor homes segment with around 37% share of the entire market revenues. Over the forecast period, travel trailers and campers segment will reach US$ 14.59 Bn gaining around 570 BPS.

Class A and class B motorhome segments reflect higher growth potential, attributed to affordability and user-friendliness. Class A vehicle will continue to represent the largest motorhomes sub-segment, followed by class C. Whereas, motor homes segment will witness the fastest growth at over 9% CAGR over 2016-2024.

How About Re-Inventing The Methodical Wheel In The North America Recreational Vehicles Market? Tab! https://www.persistencemarketresearch.com/methodology/3520

Key Vendor Insights

Some of the most dominant players active in North America recreational vehicle market, include Thor Industries, Inc., Forest River, Inc., Winnebago Industries, Inc., Tiffin Motorhomes, Inc., REV Group, Inc., Triple E Recreational Vehicle, and Winnebago Industries, Inc. A majority vendors are strengthening their market positions through new product launches, while others are focusing on strategic acquisitions.

Winnebago Industries, Inc. acquired Grand Design RV, LLC. More recently, the company launched a new class B motorhome model (2016)
Thor Industries, Inc. announced production capacity expansion and purchased an additional production facility (2016)
Forest River brought in a new lineup of class A and class B diesel motorhomes (2016)
REV Group, Inc. introduced rubber shackle 'airless' suspension system on a class A Ford F-53 chassis (2016)
Nexus RV LLC. recently partnered with The RV Factory. More recently, the company launched an additional lineup to its class B Viper 25V motorhomes (2016)
Triple E Recreational Vehicle brought in a new wonder lineup to its class C and class B+ motorhomes. Earlier in 2016, the company announced collaboration with Truma in a bid to feature water heating system to one of its product lineups.
Related Reports:

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Top Ten Suppliers In North America Recreational Vehicles 2024:Thor Industries, Inc., Winnebago Industries, Inc., Forest River, Inc., REV Group, Inc., Nexus RV LLC. here

News-ID: 2712497 • Views: 227

More Releases from Persistence Market Research

Sweet Potato Flour Market is estimated to experience steady growth of 4.7% throu …
Sweet potato flour-based products such as sweet potato cakes, breads, and cupcakes are becoming popular, as sweet potato flour is a tastier and more nutritious alternative to wheat, soy, and rice. Moreover, it can be easily incorporated with other ingredients. Foodservice as well as food and beverage industries are anticipated to fuel the demand for sweet potato flour over the coming years. The sweet potato flour market has witnessed substantial
Bicycle Apparel Market In-Depth Analysis, Emerging Trends and Forecast - 2031 Wi …
Global sales of bicycle apparel are estimated to reach US$ 6 Mn by the end of 2031, increasing at a CAGR of 5% from 2021 to 2031, mostly driven by rapidly increasing number of cycling certification programs and rise in participation in professional cycling activities across the world. Innovation and advancements in technology have helped the bicycle apparel industry grow and diversify its product line. Moreover, introduction of smart bicycle apparel
AI to change the course of drug discovery in the Breast Implants Market at a CAG …
According to the latest market report published by Persistence Market Research titled 'Breast Implants Market: Asian Industry Analysis and Forecast, 2017-2025', the Asian breast implants market is expected to expand at a CAGR of 7.1% during the forecast period 2017-2025, with China slated to dominate the regional market through the forecast period. Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/14785 Company Profiles: Allergan, Plc (Actavis Plc) Mentor Worldwide LLC. (Johnson & Johnson Services, Inc.) GC Aesthetics
The Ultrasonic Skin Care Devices Market to look through AI-based genomics at a C …
Persistence Market Research (PMR) published a report on the ultrasonic skin care devices market, which considers the global industry analysis 2014 - 2018 and opportunity assessment 2019 - 2029, and projects that the ultrasonic skin care devices market is expected to reach ~ US$ 440 Mn by the end of 2019 in terms of value, and is forecasted to reach ~ US$ 720 Mn by the end of 2029. The presence

All 5 Releases


More Releases for North

North America Epoxy Composites Market
North America Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to
North America Drone Simulator industry report - North America Drone Simulator Ma …
The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028. The latest North America Drone Simulator Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis
UberJets Helping People Get North!
In 2022 consumers have the freedom to purchase, order, or reserve, practically anything with a click of a button. Buying has never been more transparent through the utilization of mobile app technology. Typically, users can perform tasks such as book a hotel or purchase game tickets all from an app; so it only makes sense that one can order a private aircraft to get to anywhere, and anytime using the
02-07-2020 | Health & Medicine
CRIFAX
North America Apnea Monitors Market : North America Opportunity Analysis and Ind …
CRIFAX has recently announced its latest research report on 'North America Apnea Monitors Market, 2020-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated
North America Footwear Market -Consumers In North America Are More Inclined Towa …
In the last couple of years, North America has emerged at the forefront of the fashion and sports apparel industry. Not only has easy and uninterrupted internet access bolstered consumer awareness regarding the latest buzz in the fashion scenario, but it has also helped them shop for the products they want with a simple touch of their fingers on their smartphones or tablets. The developed countries in the region such
Electrical Fuses Market: Production Enterprise To Become Main Application Phase …
The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this,