According to the latest report Recreational Vehicles Market Research Report: Information by Product Type, Fuel Type, Exterior Construction Material and by Regions with Forecast To 2023, Recreational Vehicles Market Size To Expand at a Notable CAGR Of 7.0% during the forecast period of 2019 to 2023.
According to the latest report Recreational Vehicles Market Research Report: Information by Product Type (Class A, B, C, and travel trailers & campers), Fuel Type (Diesel and Gasoline), Exterior Construction Material (wood, steel, fiberglass, and aluminum) and by Regions with Forecast To 2023, published by Market Research Future, the Global Recreational Vehicles Market Size To Expand at a Notable CAGR Of 7.0% during forecast period of 2019 to 2023.
Recreational Vehicles Market Key Players:
The prominent players in the global recreational vehicles market are Thor Industries, Inc. (the US), Winnebago Industries, Inc. (the US), Forest River, Inc. (the US), REV Group Inc. (the US), Yutong Bus (China), HYMER (Germany), CHALLENGER (France), Knaus Tabbert GmbH (Germany), and Adria Mobil, d.o.o. (Slovenia)
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Recreational Vehicles Market Drivers and Restraints:
Recreational vehicles, for its owners, are mobile hotels on wheels, which represent an inexpensive way to tour long distances without unpacking and repacking bags at every stop. The rise in adoption of recreational vehicles is associated with the slow and steady approach to own a pop-up camper that can be easily towed. They save up to 78% of travel costs during a vacation as compared to a regular holiday. Due to the availability of plenty of space, there is enough room for everyone to sleep with an additional feature of converting bed into a dining room. Young and old alike are embracing recreational vehicles as the most affordable way to soak in the continent’s best sights while relishing the comforts of home during a vacation.
Class A recreational vehicles are the largest drivable motorhomes. They are majorly diesel-powered and are perfect for small families and full-time RVers. Class B recreational vehicles are fit for skiers, rock-climbers, and active millennials. Furthermore, Class C models provide extra comfort as they feature sleeping compartments over the driver’s cab. Engine-less Class C models are usually five-wheel trailers, with features such as large kitchen areas, king- and queen-sized beds, and optional slide outs.
However, factors such as a high initial cost coupled with additional insurance and maintenance costs are expected to hamper the adoption of recreational vehicles during the forecast period. Furthermore, the additional space and investment required during off-seasons are expected to hinder the growth of the global recreational vehicles market.
Global Recreational Vehicles Market Segments Analysis:
The global recreational vehicles market is segmented based on product type, fuel type, exterior construction material, and region.
On the basis of product type, the market has been segmented into Class A, B, C, and travel trailers & campers.
On the basis of fuel type, the market has been divided into diesel and gasoline.
On the basis of exterior construction material, the market has been segmented into steel, fiberglass, aluminum, and wood.
Global Recreational Vehicles Market Regional Analysis:
Geographically, the global recreational vehicles market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to hold the prominent market share during the forecast period, owing to the rising demand for eco-friendly recreational vehicles with an improved design. Furthermore, the changing lifestyles associated with increasing expenditure on luxury items is expected to increase the adoption of recreational vehicles in Europe and North America. The rise in disposable income and the demand for more intelligent and safer recreation vehicles is expected to drive the recreational vehicles market in Asia-Pacific during the forecast period.
The report for Global Recreational Vehicles Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
List Of Tables:
Table 1 Global Recreational Vehicles Market: By Region, 2018–2023
Table 2 North America: Recreational Vehicles Market: By Country, 2018–2023
Table 3 Europe: Recreational Vehicles Market: By Country, 2018–2023
Table 4 Asia-Pacific: Recreational Vehicles Market: By Country, 2018–2023
Table 5 RoW: Recreational Vehicles Market: By Region, 2018–2023
Table 6 Global Recreational Vehicles Market, By Product Type, By Regions, 2018–2023
Table 7 North America: Recreational Vehicles Market, By Product Type, By Country, 2018–2023
Table 8 Europe: Recreational Vehicles Market, By Product Type, By Country, 2018–2023
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