Press release
Recreational Vehicle Market with In Depth Industry Analysis on Trends, Growth Opportunities and Forecast till 2028
According to our latest market study on "Recreational Vehicle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vehicle (Motorhomes, Towable RV); Fuel (Gasoline, Diesel) and Geography"A recreational vehicle is defined as a motor vehicle or trailer equipped with all the amenities found in home with living space. It includes kitchen, bed room, bathroom and a rest room. Some of the special features rarely found in recreational vehicles are hot tub, dining hall, a desk and vanity closet. Majority of RV's have one deck, however some of the customized RV's available also include two decks. RV's are mostly commonly used for carrying leisure activities such as camping and vacation. Occasionally RV's are used as mobile office for business travelers, such vehicles are made available primarily through customization.
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Companies Profiled in this report includes: Airstream, Inc, Cruiser RV, DRV Luxury Suites, Dutchmen RV, Forest River, Inc., Nexus RV LLC., REV Group, Inc., Thor Industries, Inc., Triple E Recreational Vehicles, Winnebago Industries, Inc.
MARKET SEGMENTATION
Based on vehicle, the global Recreational vehicle market market is segmented into motorhomes, and towable RV.
On the basis of fuel, the market is segmented into gasoline, and diesel.
MARKET DYNAMICS
Drivers
The growing number of active campers is contributing to the demand for RVs.
Increasing demand for road trips as a getaway from quarantine would also boost growth. The post lockdown period is likely to witness the rise in the number of first-time buyers.
Restraints
High initial purchase cost.
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IMPACT OF COVID-19 ON RECREATIONAL VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The purposes of this analysis are:
To characterize, portray, and check the Recreational Vehicle market based on product type, application, and region.
To estimate and inspect the size of the Recreational Vehicle market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
To estimate and inspect the Recreational Vehicle markets at country-level in every region.
To strategically investigate every sub-market about personal development trends and its contribution to the Recreational Vehicle market.
To look at possibilities in the Recreational Vehicle market for shareholder by recognizing excessive-growth segments of the market.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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