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Recreational Vehicle (RV) Market Size, Share Global Analysis Report, 2020–2026
Recreational Vehicle (RV) Market By Vehicle (Motorhomes, Towable RVs), By Fuel (Petrol/Gasoline, Diesel, and Hybrid), By Exterior Construction Material(Wood, Steel, Fiberglass, Aluminium, and Others), and By Application (Commercial and Domestic): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Recreational Vehicle RV Market size was worth around USD 56 billion in 2019 and is predicted to grow around USD 77 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global Recreational Vehicle RV Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Recreational Vehicle RV Market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Recreational Vehicle industry. The report analyzes and declares the historical and current trends analysis of the Recreational Vehicle industry and subsequently recommends the projected trends anticipated to be observed in the Recreational Vehicle market during the upcoming years.
The Recreational Vehicle market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire recreational vehicle market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (K Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per the analysis by our primary respondents, the Recreational Vehicle market is seen to grow at an annual rate of 6%.
- On the basis of type “Vehicle”, the motorhomes type is expected to have the largest share in the market.
- As per the findings in the type “Fuel”, Petrol/Gasoline is anticipated to have a big contribution to the market.
- As per the analysis done in the type “Exterior Construction Material”, the material of aluminum holds the maximum share in the market.
- On the basis of type “Application”, the commercial type is expected to have the largest contribution in the market.
Key Recommendations from Analysts
- As per our analyst, the Recreational Vehicle industry is popular as there is a growing demand for adventures and campings among people of various countries.
- People prefer RVs as it is easily towable, consumes less fuel, requires low maintenance, and most importantly, can be used as temporary accommodation while traveling.
- As the market for Recreational Vehicles is growing with a CAGR of 6%, there are various opportunities for the investors to invest in the market for its growth and also for new technological innovations.
- As there is a significant growth of the middle-class population in the Asian Pacific countries and also due to the importance given by the governments of these countries for tourism, there is a great demand for RVs from these countries.
- Our analysts have also identified “Motorhomes” and “Aluminium” to be the leading fields for investments in the Recreational Vehicles market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Recreational Vehicle industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Recreational Vehicle industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Recreational Vehicle market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Recreational Vehicle industry. The Recreational Vehicle market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Recreational Vehicle sector. Key strategic developments in the Recreational Vehicle market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Recreational Vehicle market are appropriately highlighted in the report.
Recreational Vehicle (RV) are like mobile homes or hotels on wheels that accommodate the things that we usually find at any home or hotel like a bed, kitchen, toilet, etc. These vehicles are customizable as per the requirement of the buyer and are generally used for recreational activities like camping, traveling, and others. These RVs are available in various types and subtypes out of which motorhomes are preferred by most people due to its various benefits of fuel efficiency and facilities available in reduced size. Petrol/Gasoline powered RV performs well in terms of power, controls, and efficiency. The region of Asia Pacific shows dominance in the growth of the RV market due to its growing disposable income of the middle class and governmental initiatives for the development of the tourism industry.
The Recreational Vehicle market research report delivers an acute valuation and taxonomy of the Recreational Vehicle industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Recreational Vehicle industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Recreational Vehicle industry is provided for the leading economies of the world.
The Recreational Vehicle market is segmented based on Vehicle, Fuel, Exterior Construction Material and Application. On the basis of Vehicle segmentation, the market is classified into Towable RVs and Motorhomes. In terms of Fuel segmentation, the market is categorized into Petrol/Gasoline, Diesel, and Hybrid. On the basis of Exterior Construction Material, the market is divided into Wood, Steel, Fiberglass, Aluminium, and Others.On the basis of application segmentation, the market is bifurcated into Commercial and Domestic.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 56 Million |
Projected Market Size in 2026 |
USD 77 Million |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Thor Industries, Inc., Nexus RV, Bison RV Center, Cruiser RV, Yutong Bus, Hymer, REV Recreation Group, Dutchmen RV, Tiffin Motorhomes, Inc., Forest River, Inc., Others., and others. |
Key Segment |
By Vehicle, Fuel, Exterior Construction Material, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The taxonomy of the Recreational Vehicle Market by its scope and segmentation is as follows:
Some of the essential players operating in the Recreational Vehicle market, but not restricted to include
- Thor Industries Inc.
- Nexus RV
- Bison RV Center
- Cruiser RV
- Yutong Bus
- Hymer
- REV Recreation Group
- Dutchmen RV
- Tiffin Motorhomes Inc.
- Forest River Inc.
Global Recreational Vehicle Market: By VehicleSegmentation Analysis (Customizable)
- Towable RVs
- Travel Trailers
- Fifth Wheel Trailers
- Folding Camp Trailers
- Truck Campers
- Motorhomes
- Type A
- Type B
- Type C
Global Recreational Vehicle Market: By Fuel Segmentation Analysis (Customizable)
- Petrol/Gasoline
- Diesel
- Hybrid
Global Recreational Vehicle Market: By Exterior Construction Material Segmentation Analysis (Customizable)
- Wood
- Steel
- Fiberglass
- Aluminium
- Others
Global Recreational Vehicle Market: By Application Segmentation Analysis (Customizable)
- Commercial
- Domestic
Global Recreational Vehicle Market: Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Thor Industries Inc.
- Nexus RV
- Bison RV Center
- Cruiser RV
- Yutong Bus
- Hymer
- REV Recreation Group
- Dutchmen RV
- Tiffin Motorhomes Inc.
- Forest River Inc.
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