North America Recreational Vehicle Market

A recreational vehicle or RV is a motor vehicle that includes quarters designed for accommodation. There are different types of RVs including campervans, caravans, truck campers, popup campers, fifth-wheel trailers, and campervans. RVs are typically used for travel, season use, recreation, or camping. A typically is comprised of a kitchen, a bathroom, and one or more sleeping facilities. Furthermore, RVs can either be trailer or self-motorized. The majority of RVs are single-deck though double-deck RVs also exist. Some RVs have expandable sides or canopies to provide larger areas. Moreover, the fifth-wheel trailer is a type of travel trailer known for its spacious two-level floor plans and it can be towed with a pickup truck. The capacity is up to six people.

The North America Recreational Vehicle (SAN) Market was valued for US$ 4,91,812.9 MN in 2021.

Market Dynamics

Demographics in North America are highly favorable for recreational vehicles. These vehicles are majorly adopted by an elderly or geriatric population that is entering the phase of retirement. According to Coherent Market Insights analysis, a large segment of consumer age is between 35-54 years in North America. However, manufacturers are now focused on consumers aged between 18-34 years as a new consumer group. According to the North American Camping Report 2016, around 44% of the 1.2 Mn households in North America that started camping in 2015 were millennial generation. Hence, these factors are expected to drive the growth of the market in the near future. Technological advancements and developments have led to the adoption of RVs in North America. Consumers are increasingly preferring recreational vehicles with home-like amenities such as fully-equipped kitchens and baths, surround-sound stereos, flat-screen TVs, and more. Furthermore, manufacturers are focused on incorporating solar-powered systems to full fill spiked demand for RVs. Hence, these factors are expected to propel the North America Recreational Vehicle (SAN) Market growth over the forecast period.

 Key features of the study:

• This report provides an in-depth analysis of the North America Recreational Vehicle (SAN) Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the North America Recreational Vehicle (SAN) Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the North America Recreational Vehicle (SAN) Market include Thor Industries, Inc., Tiffin Motorhomes, Inc., Winnebago Industries, Inc., Forest River, Inc., Jayco, Inc., Nexus RV LLC, REV Group, Inc., Starcraft RV, Inc., Heartland Recreational Vehicles, Airstream, Northwood Manufacturing, and Triple E Recreational Vehicles.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, Country gradation, market expansion, and marketing tactics
• The North America Recreational Vehicle (SAN) Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the North America Recreational Vehicle (SAN) Market

Detailed Segmentation

• North America Recreational Vehicle (SAN) Market, By Exterior Construction Material:
  • Wood
  • Aluminium
  • Fiberglass
  • Steel
  • Others
• North America Recreational Vehicle (SAN) Market, By Type:
  • Motorhomes
    • Sub-segment
      • Class A Motor Homes
        • Sub Segment
          • Gasoline
          • Diesel
      • Class B Motor Homes
        • Sub Segment
          • Gasoline
          • Diesel
      • Class C Motor Homes
        • Sub Segment
          • Gasoline
          • Diesel
  • Travel Trailer & Campers
    • Sub Segment
      • Conventional Travel Trailers
      • Fifth-wheel Travel Trailers
  • Camping Trailers
    • Sub Segment
      • Folding Camping Trailer
      • Truck Camper
• North America Recreational Vehicle (SAN) Market, By Country:
  • North America
• Company Profiles
  • Thor Industries, Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Tiffin Motorhomes, Inc
  • Winnebago Industries, Inc.
  • Forest River, Inc.
  • Jayco, Inc.
  • Nexus RV LLC
  • REV Group, Inc.
  • Starcraft RV, Inc.
  • Heartland Recreational Vehicles
  • Airstream
  • Northwood Manufacturing
  • Triple E Recreational Vehicles

“*” marked represents similar segmentation in other categories in the respective section.