RV Industry | Recreational Vehicles Market 2019 Size, Trends, Industry Outlook, Business Growth, type and application with forecast to 2023

Global Material Recreational Vehicles Market Report covered product scope, Share, Size, Market Revenue, opportunities, growth rate, Growth, Demand, Supply, production, capacity. Report also explores the worldwide players of the Market and is segmented by region, type and application with forecast to 2023. Market Research Future (MRFR)’s report projects that the Recreational Vehicles Industry is set to mark a CAGR of 7% during the forecast period 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.

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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).

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. 

Scope of the Report

This study provides an overview of the global Recreational Vehicles Market, tracking four market segments across four geographic regions. The report studies key players and provide a five-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global recreational vehicles market by solutions, system, vehicle type, propulsion, and region.

By Product Type

  • Class A
  • Class B
  • Class C
  • Travel Trailers & Campers

By Fuel Type

  • Gasoline
  • Diesel

By Exterior Construction Material  

  • Steel
  • Fiberglass
  • Aluminum
  • Wood
  • Others  

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.

Report Overview:

The Market Research Future report on the global recreational vehicles market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/recreational-vehicles-market-7537

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