Recreational Vehicle Market Trends, Analysis & Forecast,2027

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Recreational Vehicle Market Regional Trend
Growth Projections to 2027
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Industry Insights

• The recreational vehicle market is poised to
  experience remarkable gains in coming years owing
  to the rapidly growing adoption of recreational
  vehicles for leisure and recreational activities.
  Shifting consumer inclination towards camping
  tourism will also support industry expansion
  during this period. Subsequently, the increasing
  trend of integrating advanced technologies like
  IoT, sensors, as well as automated control
  systems into vehicles would further strengthen
  the business scenario.
• Leading industry players have been turning to
  strategic acquisitions, partnerships, and
  collaborations to gain a respectable market
  position. Citing an instance, in April 2021,
  Camping World, the largest RV retailer in the
  U.S., reportedly announced that it had made deals
  focused at making it easier for consumers to shop
  as well as pay for their purchases.

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• Based on fuel, the gasoline segment is projected
  to witness robust growth over the forthcoming
  time period. Gasoline-based RV need very low
  maintenance of engine parts in comparison to
  diesel-based RVs. This is because gasoline has
  much more power-to-weight ratio than their
  counterparts. These types of vehicles are also
  valued low as compared to diesel or electric
  vehicles, making them much more affordable for
  renters.
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• The addition of Nomads comprehensive ecommerce
  capabilities will provide various unique data
  points and tools related to trip planning that
  users might use to plan their future journeys.
  Also permitting the retailer to bring about
  customized and appropriate marketing
  communications. This acquisition also complements
  the launch of other planned products like
  peer-to-peer RV rental network.

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Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/recreational-vehicles-market Chapter 5
Recreational Vehicles Market, By Vehicle 5.1
Key trends, by vehicle 5.2 Motorhomes 5.2.1
Market estimates and forecast, 2016
2027 5.2.2 Market estimates and forecast, by
class, 2016 2027 5.2.2.1 Class A 5.2.2.1.1
Market estimates and forecast, 2016 2027
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5.2.2.2 Class B 5.2.2.2.1 Market
estimates and forecast, 2016 2027 5.2.2.3
Class C 5.2.2.3.1 Market estimates and
forecast, 2016 2027 5.2.3 Market estimates
and forecast, by fuel, 2016 2027

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Region

• On the geographical front, the RV market in Asia
  Pacific is likely to register a sizable growth by
  the end of the analysis timeframe. A substantial
  rise in the regions middle-class population and
  rapidly growing government focus on expansion the
  nations tourism sector will drive product
  demand. Travel and tourism activities relating to
  RVs have grown sizably across the region,
  especially during the pandemic as people focused
  more on traveling in their own immunity bubble.
• Consequently, camp grounding and RV camping in
  countries such as South Korea, Japan, China and
  India, saw a momentous revenue jump,
  complementing the RV market in APAC. According to
  the most recent statistics published by the World
  Bank, India recorded an increase in international
  tourists from 17.4 million in 2018 to
  approximately 17.9 million in 2019.

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Key Players

• Highland Ridge
• Crossroads RV
• Skyline Corporation
• Cruiser RV
• DRV Luxury Suites
• Dutchmen RV
• Grand Design RV
• Fleetwood Corporation
• Kropf Industries

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