Industry Background:
The motor home is a vehicle that is designed to be lived in while traveling. The vehicle has small rooms that contain beds, toilets, a kitchen, and others. These vehicles are helpful especially when someone is planning for long-distance tours. For many drivers, motor homes can be easier to drive than a truck with a travel trailer. The demand for motor homes is expected to grow owing to the rise in travel and tourism in the forecasted period.This growth is primarily driven by Increase of Travel and Tourism, Especially Among the Young Generation and The rise in Demand For Amenities in the Vehicles Such As Kitchen, Bathroom, and Sleeping Facilities.
Major Vendors, such as Dethleff Motorhomes (United Kingdom), Rapido Motorhomes (United Kingdom), Swift Leisure (United Kingdom), Forest River (United States), Jayco (Indiana), Thor Industries (Indiana), Winnebago Industries (United States), Sisca (United States) and Airstream Inc.(United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2019, Thor Industries acquired one of Europe’s largest RV manufacturers, Erwin Hymer Group. During 2018, RV One sold more than 8,000 recreational vehicles
According to the Kampgrounds of America (KOA), in 2017, the country experienced an increase of 2.6 million new camper households, where 24% of all campers preferred an RV as their primary camping.
Regulatory Insights:
According to the RVIA, the total RV shipments ended the month with 27,516 wholesale shipments. RV industry had an overall economic impact on the US economy of USD 114 billion, supporting nearly 600,000 jobs, contributing more than USD 32 billion in wages and paying over USD 12 billion in federal, state, and local taxes.
Market Drivers
- Increase of Travel and Tourism, Especially Among the Young Generation
- The rise in Demand For Amenities in the Vehicles Such As Kitchen, Bathroom, and Sleeping Facilities
Market Trend
Restraints
- High Cost of the Recreational Vehicles in both the Terms to Travel as Well as to Own It
- The Seat Belt May not be Allowed by Some Child Restraint Manufacturers and the Soft, Cushiony, and Padded Seat
Opportunities
Potential Growth in Developing Countries Owing to Rising Awareness About the Motor Homes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Motor Home Study Sheds Light on
The Motor Home Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Motor Home industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Motor Home industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.