Description
Global Recreational Vehicle Market Research Report – Forecast till 2027
Market Overview
As per our analysis, the recreational vehicle market size would extend at a 10 percent CAGR through 2030. As per expectations, market share is supposed to fill pointedly before very long. Recreational R.V.s and R.V.s fills in as portable lodgings, permitting individuals to travel huge distances while eating as much as the need might arise. The most common way of gathering and dumping bags has been practically disposed of, and you approach each possible convenience right readily available. It has been viewed as that sightseers who pick recreational vehicles as the essential method of transportation for occasions spend more than 1⁄2 how much cash spent by the people who customarily organize their getaways. Thus, vehicles with adequate space for resting, eating, and it is turning out to be more famous to have a great time. These are certainly the most unwinding and pleasurable puts to take some time off.
A rising number of individuals are going to recreational vehicles as an elective method of transportation. Recreational vehicles have been explicitly planned for use as a spot to remain. The characteristics of recreational vehicles, including a mobile housing office, make them well known in different areas and utilization. All that you want for a usual hangout spot is remembered for this bundle. It is additionally useful for climbing, shooting, and fishing, among other outside pursuits. Extravagance facilities might be given by recreational vehicles that advantage from progressions in the car area. Aside from that, the public authority’s push for contamination-free gas motor development would give a possibility to the business.
Segmentation Overview
The global recreational vehicle market is classified in terms of the types, applications, and regions. As a result, the global recreational vehicle market trends are expected to witness decent growth during the forecast period. The Application segment is made up of two broad segments namely business and leisure.
The end user segment comprises Class A motor homes, Class B motor homes, Class C motor homes, folding camping, fifth wheel campers, travel Trailers, and Truck campers based on the propulsion types.
Regional analysis
Geographically, the global recreational vehicle market is spread across Europe, North America, Asia Pacific, and the rest of the world. Recreational vehicle market esteem in North America has flooded throughout recent years, as would be considered normal to proceed. Eco-accommodating things have become more common in North America because of the endeavors of the country’s administration to safeguard the planet. Vehicles like R. Versus, R.V.s, and campers, which are more eco-friendly and have more outwardly engaging plans, are an initial phase in the correct course. As the need might arise for such vehicles, the capital market has seen huge turn of events, bringing about a critical ascent in the recreational vehicle Size In the market.
There is likewise a fast ascent in Mexican Market Valuation. This vertical pattern ought to go on for quite a while to come. The quantity of modern firms working in Mexico has additionally risen. These vehicles have demonstrated to be a shelter to individuals of Europe in light of the rising requirement for transportation and drives to diminish fuel discharges. In this way, the European market is supposed to without further ado develop.
Major Players
The key companies in the global recreational vehicle market include Forest River Inc., Burstner Gmbh &Co. kg, Thor Industries Inc., NeXus RV, Winnebago Industries, REV Group Inc., and the swift group.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 13
1.2 GLOBAL RECREATIONAL VEHICLE MARKET, BY PRODUCT TYPE 14
1.3 GLOBAL RECREATIONAL VEHICLE MARKET, BY APPLICATION 15
2 MARKET INTRODUCTION
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 MARKET STRUCTURE 16
2.4 KEY BUYING CRITERIA 17
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 18
3.2 PRIMARY RESEARCH 19
3.3 SECONDARY RESEARCH 20
3.4 MARKET SIZE ESTIMATION 20
3.5 TOP DOWN & BOTTOM Up APPROACH 21
3.6 FORECAST MODEL 21
3.7 LIST OF ASSUMPTIONS 22
4 Market Dynamics
4.1 Introduction 23
4.2 Drivers 23
4.2.1 Growth Of The Tourism Sector 23
4.2.2 AvaILability Of Recreational Vehicle Rental Services 24
4.2.3 Drivers Impact Analysis 25
4.3 Restraint 26
4.3.1 Government Regulations Related To Recreational VehicleS And Issues Related To Component Standardization 26
4.3.2 Restraint Impact Analysis 27
4.4 Opportunity 27
4.4.1 Strategic Developments For Growth By Major Players 27
5 Market Factor Analysis
5.1 Supply Chain Analysis 28
5.1.1 Design & Development 28
5.1.2 Raw Material/Component Supply 28
5.1.3 Recreational Vehicle Manufacture And Assembly 29
5.1.4 End Use 29
5.2 Porter’s Five Forces Model 29
5.2.1 Threat Of New Entrants 30
5.2.2 Bargaining Power Of Suppliers 31
5.2.3 Bargaining Power Of Buyers 31
5.2.4 Threat Of Substitutes 31
5.2.5 Rivalry 31
6 Global Recreational Vehicle Market, By Product Type
6.1 Overview 32
6.2 Fifth Wheel Campers 32
6.3 Folding Camper 32
6.4 Truck Campers 32
6.5 Travel Trailers 32
6.6 Class A Motorhomes 32
6.7 Class B Motorhomes 33
6.8 Class C Motorhomes 33
7 Global Recreational Vehicle Market, By Application
7.1 Overview 35
7.2 Leisure 35
7.3 Business 35
8 Global Recreational Vehicle Market, By Region
8.1 Introduction 37
8.2 North America 38
8.2.1 US 40
8.2.2 Canada 41
8.2.3 Mexico 42
8.3 Europe 43
8.3.1 GERMANY 45
8.3.2 UK 46
8.3.3 France 47
8.3.4 Italy 48
8.3.5 REst Of EUROPE 49
8.4 Asia–Pacific 50
8.4.1 Australia 52
8.4.2 JAPAN 53
8.4.3 China 54
8.4.4 Rest Of Asia–Pacific 55
8.5 ROW 56
8.5.1 SOUTH AMERICA 58
8.5.2 MEA 59
9 Competitive Landscape
9.1 Competitive Overview 60
9.2 Global Recreational Vehicle Market, Share Analysis, 2020 (%) 60
9.1 Competitive Benchmarking 61
9.2 Key Strategy Analysis 61
9.3 Leading Players (In Terms Of Number Of Developments) In Global Recreational Vehicle Market 62
9.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 62
9.4.1 PRODUCT DEVELOPMENT 62
9.4.2 MERGERS & ACQUISITIONS 64
9.4.3 CONTRACTS & AGREEMENTS 64
10 COMPANY PROFILES
10.1 Thor Industries 65
10.1.1 Company Overview 65
10.1.2 FINANCIAL OVERVIEW 66
10.1.3 PRODUCTS OFFERed 67
10.1.4 KEY DEVELOPMENTS 67
10.1.5 SWOT ANALYSIS 68
10.1.6 KEY STRATEGIES 68
10.2 REV Group 69
10.2.1 Company Overview 69
10.2.2 FINANCIAL OVERVIEW 69
10.2.3 PRODUCTS OFFERed 70
10.2.4 KEY DEVELOPMENTS 70
10.2.5 SWOT ANALYSIS 71
10.2.6 KEY STRATEGIES 71
10.3 Winnebago Industries, Inc. 72
10.3.1 COMPANY OVERVIEW 72
10.3.2 Financial Overview 73
10.3.3 PRODUCTS OFFERed 73
10.3.4 KEY DEVELOPMENTS 74
10.3.5 SWOT ANALYSIS 75
10.3.6 Key Strategy 75
10.4 Forest River, Inc. 76
10.4.1 Company Overview 76
10.4.2 FINANCIAL OVERVIEW 76
10.4.3 PRODUCTS OFFERed 76
10.4.4 KEY DEVELOPMENTS 76
10.5 NeXus RV 77
10.5.1 Company Overview 77
10.5.2 Financial Overview 77
10.5.3 PRODUCTS OFFERed 77
10.5.4 KEY DEVELOPMENTS 78
10.6 Tiffin Motorhomes Inc. 79
10.6.1 Company Overview 79
10.6.2 Financial Overview 79
10.6.3 PRODUCTS OFFERed 79
10.6.4 KEY DEVELOPMENTS 79
10.7 Triple E Recreational Vehicles 80
10.7.1 Company Overview 80
10.7.2 Financial Overview 80
10.7.3 PRODUCTS OFFERed 80
10.7.4 KEY DEVELOPMENTS 81
10.8 Dethleffs GmbH & Co. KG 82
10.8.1 Company Overview 82
10.8.2 Financial Overview 82
10.8.3 PRODUCTS OFFERed 82
10.8.4 KEY DEVELOPMENTS 83
10.9 BÜRSTNER GMBH & CO. KG 84
10.9.1 Company Overview 84
10.9.2 Financial Overview 84
10.9.3 PRODUCTS OFFERed 84
10.9.4 KEY DEVELOPMENTS 85
10.10 The Swift Group 86
10.10.1 Company Overview 86
10.10.2 Financial Overview 86
10.10.3 PRODUCTS OFFERed 86
10.10.4 KEY DEVELOPMENTS 86
11 Appendix
11.1 References 87
11.2 Related Reports 87
Companies Mentioned
Forest River Inc., Burstner Gmbh &Co. kg, Thor Industries Inc., NeXus RV, Winnebago Industries, REV Group Inc., and the swift group
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