RV Industry is Dominated by North America Acquiring 41.2% Market Share in 2016

According to Goldstein Research, global recreational vehicle market is expected to reach 850.0 thousand units by 2024. The growing travel and tourism preferable nature-based tourism among the young generation who resist staying in hotels are augmenting the sales and manufacturing of the RVs. Further, the cleaning, maintenance, loading, and unloading is an expensive activity, challenging the growth of the market. Global recreational vehicle market segmentation has been done on the basis of product type, and geography. Leisure recreational vehicles accounted for the largest market share in 2016 on the back of increasing campaign and travel purpose. In the U.S., recreational vehicles for campaigning purpose accounted for generate revenue of USD 1.0 million every year.

Global recreational vehicle market is largely dominated by North America acquiring 41.2% market share in 2016 on the back of growing travel and tourism. U.S. recreational vehicle market grew by 4.8% in 2016 from 2015. North America is followed by Asia-Pacific region growing at a CAGR of 10.0% over the forecast period on account of the rising young population and spending abilities.

Market Segmentation

On the basis of our in-depth analysis, Global Recreational Vehicle Market can be segmented as follows:

By Product Type

• Motorhomes
• Toy Haulers
• Fifth Wheels
• Destination Trailers
• Camping Trailers

By Application

• Leisure Activities
• Business Activities

By Region

• North America
• Europe
• The Middle East And Africa
• Latin America
• Asia Pacific

Recreational Vehicle RV Industry Outlook by Goldstein Research contains a detailed overview of the global recreational vehicle market. The outlook highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of recreational vehicle market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global recreational vehicle market discussed in the outlook are: Eclipse Recreational vehicles Inc., Gulf Stream Coach Inc., Northwood Manufacturing Inc., Palomino RV, Thor Industries Inc., AL-KO AXIS, Allied Recreation, Aliner and Somerset Folding Camping Trailers, Augusta RV, Coachmen Recreational vehicle Company, Cruiser RV and DNA Enterprises, Fleetwood RV, Forest River, Forks RV, Freightliner Custom Chassis, Grand Design RV, Lifestyle Luxury RV, Little Guy Worldwide, Navistar RV, Newmar, Pleasure-Way Industries, Prime Time Manufacturing and Renegade RV,etc.

Further, RV Industry Outlook encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Recreational Vehicle Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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