The study covers a detailed analysis segmented by key business segments i.e. by type (Towable RV [Truck Camper, Travel Trailer, Fifth Wheel] and Motorized RV [Class A Motorhome, Class B Motorhome, Class C Motorhome]) , by application (Residential, Commercial and Industrial) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Recreational Vehicle market throughout the predicted period.
What is Recreational Vehicle?
Recreational vehicle (RV) is a vehicle that is designed, intended and used for the purpose of an off-site temporary living accommodation for recreation camping and travel use. It includes travel trailers, hard-sided truck campers, camping trailers, self -propelled motor homes and bus campers but is not limited to only these. RV is designed as a temporary living quarters for travel, recreation, camping, and seasonal use. RVs may have their own motor power (motorhomes), be mounted (truck campers) or towed by another vehicle such as travel trailers, fifth wheel trailers, folding camping trailers. There are sports utility RVs, which contain a built-in garage for hauling cycles, ATVs or sports equipment, are available in both motorhomes and towable RVs.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Recreational Vehicle market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Thor Industries (United States)
- Erwin Hymer Group (Germany)
- Winnebago (United States)
- Forest River, Inc. (United States)
- Canadian Recreational Vehicle Association (Canada)
- Jayco, Inc. (United States)
- Japan Recreational Vehicle Association (Japan)
- Gulf Stream Coach, Inc. (United States)
- Eclipse Recreational Vehicles, Inc. (United States)
- Starcraft RV, Inc. (United States)
- JCBL Limited (India)
The manufacturers are aiming on commercializing vehicles combined with advanced technologies with an aim to improve the consumer experience. Increasing environmental concerns are driving the manufacturers towards he introduction of green technologies such as solar panels. The market is witnessing consistent innovations wherein manufacturers are developing lightweight towable and fuel-efficient compact motorhomes also known as campers or camper trailers.
Market Trend
Frequent Changes in the Duration of Vacations
Restraints
- Huge Fuel Expenses and High Maintenance Cost
Opportunities
Increasing Investment in the Development of State-Of-The-Art Interiors
Key highlights of the Global Recreational Vehicle market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Recreational Vehicle market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Recreational Vehicle market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Recreational Vehicle Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recreational Vehicle market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recreational Vehicle market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Recreational Vehicles, Suppliers of Recreational Vehicles, Wholesalers, Distributors and Retailers of Recreational Vehicles, Recreational Vehicles Accessory Providers and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.