Recreational Vehicle Market Size, Share, Growth, Trends, and Forecast 2030

Recreational Vehicle Market

Recreational Vehicle Market- By Application (Industrial, Commercial, and Residential), By Motorized RVs (Type A, Type B, And Type C) And By Towable RVs (Travel Trailer, Fifth Wheel Trailer, Folding Camping Trailers, Truck Campers, and Park Model): Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028

Category: Automotive Report Format : PDF Pages: 175 Report Code: ZMR-219 Published Date: Dec-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 55.2 Billion USD 130.1 Billion 10.3% 2020

The global Recreational Vehicle Market accrued earnings worth approximately 55.2 (USD Billion) in 2020 and is predicted to gain revenue of about 130.1 (USD Billion) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028. The report offers assessment and analysis of the Recreational Vehicle Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Recreational Vehicle Market: Outlook

Recreational vehicle is a motor vehicle that is designed for accommodation and includes living quarters such as motorhomes, caravans, campervans, coaches, popup campers, and truck campers. Moreover, facilities provided in recreational vehicles include bathroom, kitchen, and sleeping amenities. Apart from this, some of these recreational vehicles can also comprise of water heaters, satellite receivers, air conditioners, televisions, and quartz countertops. Recreational vehicles are used for living quarters during travel. People take road journey in their recreational vehicles and utilize them for taking a nap or sleep.

Global Recreational Vehicle MarketRequest Free Sample

Recreational Vehicle Market: Growth Drivers

Escalating preference of customers towards leisure & recreational events will propel recreational vehicle industry expansion over 2021-2028. Swiftly surging demand for travel comfort and accommodation of huge number of passenger groups will pave a way for market growth during ensuing years. Rise in number of active campers has accounted majorly towards market demand. Reportedly, on July 31st 2020, Volkswagen introduced new compact camper with new features. In addition to this, increase in peer-to-peer rental services has translated into growing popularity of recreational vehicles among millennial population, thereby driving market trends.

Additionally, increase in utilization of recreational vehicles in film industry and rise in recreational vehicle rental solutions will generate new growth avenues for recreational vehicle industry over forecasting years. Nonetheless, fluctuating raw material costs and huge maintenance charges of product can hamper elevation of recreational vehicle industry. However, huge funding of automation processes, introduction of technologically new recreational vehicles and demand for personalized recreational vehicles will nullify market hindrances and produce new avenues of growth for industry.

Regional Landscape

European Recreational Vehicle Market To Expand Leaps & Bounds By 2028

Growth of regional market over forecast timespan can be credited to growing popularity of motorhome recreational vehicles in continent. In addition to this, rising demand for motorhome recreational vehicles is owing to luxury & high floors space & foldable furniture as well as other amenities provided by motorhome recreational vehicle. Presence of giant manufacturers in Europe will contribute majorly towards size of recreational vehicle market in upcoming years.

Competitive Landscape

Key participants leveraging growth of recreational vehicle market and included in report are Monaco RV LLC, Thor Industries, Inc., Forest River, Inc., Gulf Stream Coach, Inc., Eclipse Recreational Vehicles, Inc., Skyline Corporation, Coachmen Recreational Vehicle Company, Fleetwood RV, Inc., Heartland Recreational Vehicles, LLC, Starcraft RV, Inc., Jayco Inc., and Universal Trailer Corporation.

The global Recreational Vehicle Market is segmented as follows:

By Application

  • Industrial
  • Commercial
  • Residential

By Towable RVs

  • Travel Trailer
  • Fifth Wheel Trailer
  • Folding Camping Trailers
  • Truck Campers
  • Park Model

By Motorized RVs

  • Type A
  • Type B
  • Type C

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • 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 Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Escalating preference of customers towards leisure & recreational events will propel recreational vehicle industry expansion over 2021-2028. Swiftly surging demand for travel comfort and accommodation of huge number of passenger groups will pave a way for market growth during ensuing years. Rise in number of active campers has accounted majorly towards market demand. Reportedly, on July 31st 2020, Volkswagen introduced new compact camper with new features. In addition to this, increase in peer-to-peer rental services has translated into growing popularity of recreational vehicles among millennial population, thereby driving market trends.

Additionally, increase in utilization of recreational vehicles in film industry and rise in recreational vehicle rental solutions will generate new growth avenues for recreational vehicle industry over forecasting years.

According to Zion market research report, the global Recreational Vehicle Market accrued earnings worth approximately 55.2 (USD Billion) in 2020 and is predicted to gain revenue of about 130.1 (USD Billion) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028.

 

Europe will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to growing popularity of motorhome recreational vehicles in continent. In addition to this, rising demand for motorhome recreational vehicles is owing to luxury & high floors space & foldable furniture as well as other amenities provided by motorhome recreational vehicle. Presence of giant manufacturers in Europe will contribute majorly towards size of recreational vehicle market in upcoming years.

The key market participants include Monaco RV LLC, Thor Industries, Inc., Forest River, Inc., Gulf Stream Coach, Inc., Eclipse Recreational Vehicles, Inc., Skyline Corporation, Coachmen Recreational Vehicle Company, Fleetwood RV, Inc., Heartland Recreational Vehicles, LLC, Starcraft RV, Inc., Jayco Inc., and Universal Trailer Corporation. 

 

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