RV Industry Analysis, Growth & Forecast To 2024 - PowerPoint PPT Presentation

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RV Industry Analysis, Growth & Forecast To 2024

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Title: RV Industry Analysis, Growth & Forecast To 2024


1
RV Market Growth, Analysis, Forecast To 2024
2
Key Insights from RV Market
  • The proliferating customer spending on
    recreational and tourism activities will boost
    the recreational vehicle market share over the
    forecast timeframe. Increasing recreational
    vehicle parks along with the introduction of
    several customized facilities for RV owners to
    enhance their camping experience is further
    strengthening the recreational vehicles business
    generation till 2024.
  • Motorhomes segment is estimated to account for
    around 60 recreational vehicle market revenue
    share over the forecast timeframe owing to the
    benefits offered including enhanced interior
    space with facilities including beds, kitchen,
    sink, and bathroom. The lower interest rates
    along with easier piloting and camping
    capabilities with electric jacks and hooks
    supports the product proliferation till 2024.
  • The gasoline RVs segment showcased a significant
    growth rate of over 7 CAGR over the study
    timeframe owing to the multiple benefits offered
    compared to the counterparts including easier
    fuel availability, lower maintenance and
    acquisition cost. The lower emissions from the
    gasoline recreational vehicles along with
    improved performance in high altitude and cold
    weather conditions, coupled with superior power
    and speed capabilities provides a positive
    outlook for the RV market growth.

3
Continued
The recreational vehicle market share from
towable RVs segment will capture the maximum
volume share of around 74 till 2024. This
dominance can be attributed to the easier
maintenance and operations. The availability of
several models at varied price range coupled with
lower depreciation compared to the motorable RVs
is further strengthening the segment
dominance. Diesel recreational vehicles
accounted for over USD 12 billion in 2017 and
will grow considerably over the forecast
timeframe. This can be attributed to the higher
fuel efficiency offered by these vehicles. The
rear engine configuration enhances the cooling
efficiency and limits cabin noise significantly,
enhancing the overall vehicle comfort. The
superior torque output from diesel engines
facilitates driving in steep inclines supporting
the RV market proliferation till 2024.
4

Latest Research Report On RV Market _at_
https//www.gminsights.com/industry-analysis/recre
ational-vehicles-market Request for a
sample of this research report _at_ https//www.gmins
ights.com/request-sample/detail/2967

5
U.S. Recreational Vehicles Market, By Fuel, 2017
2024, (Units)

6
Major Companies in RV Market
  • Thor Industries
  • Winnebago Industries
  • Forest River Inc.
  • REV Recreation Group
  • Airstream
  • Bison RV center
  • Crossroads RV
  • Cruiser RV
  • DRV Luxuty Suites

7
Industry Coverage

8
Regional Insights in RV Market
  • North America and Europe contributed to around
    80 of the global recreational vehicle (RV)
    market. High growth of the recreational vehicles
    in these regions can be attributed to high
    average disposable income of the population that
    allows the consumers to invest in luxurious
    recreational vehicles for outdoor activities.
    Moreover, few people owning RVs utilize them as
    full-time residential facility, allowing them the
    mobility and facilities of residence. Growing
    consumer interests in touring and other
    recreational activities such as camping,
    sight-seeing, new destination exploration, etc.
    are expected to present favorable growth
    prospects through the forecast period.

9
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