North America Recreational Vehicle Market, By Exterior Construction Material, By Type (Motorhomes (Class A Motor Homes, Class B Motor Homes Class C Motor Homes, Travel Trailers & Campers and Camping Trailers, By Geography

The North America recreational vehicle market was valued for US$ 18.75 Bn in 2022 is expected to exhibit a CAGR of 8.6% during the forecast period.

North America Recreational Vehicle Market Share (%), By Region, 2022

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, seasonal use, recreation, or camping. A typical RV comprises 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.

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. Further, 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 others. 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 market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030 ), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the North America recreational vehicle 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
• The key companies covered in the North America recreational vehicle 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 strategies 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 informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The North America recreational vehicle 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 market

Detailed Segmentation

• By Exterior Construction Material:
  • Wood
  • Aluminium
  • Fiberglass
  • Steel
  • Others
• 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
• By Region:
  • U.S
  • Canada
• Company Profile
  • 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
  • Triple E Recreational Vehicles