Recreational Vehicle Market Report: Trends, Forecast and Competitive Analysis to 2030

Recreational Vehicle Trends and Forecast

The future of the global recreational vehicle market looks promising with opportunities in the personal and commercial markets. The global recreational vehicle market is expected to grow with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are global movement towards eco-friendly tourism and sustainable travel and desire for high-end and personalized recreational vehicles, and growing emphasis on leading healthier lives has led to an increase in the popularity of leisure and recreational activities in parks and camping areas.

A more than 150-page report is developed to help in your business decisions.

Recreational Vehicle by Segment

The study includes a forecast for the global recreational vehicle by vehicle type, application, and region.

Recreational Vehicle Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Motorhomes
• Towable RVs

Recreational Vehicle Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Personal
• Commercial
• Others

Recreational Vehicle Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Recreational Vehicle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recreational vehicle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recreational vehicle companies profiled in this report include-

• Aliner
• Dethleffs
• Forest River
• Gulf Stream Coach
• Hymer
• Northwood Manufacturing
• Rev Recreation
• Swift
• Thor Industries
• Trigona

Recreational Vehicle Market Insights

Lucintel forecasts that towable RVs is expected to witness largest growth over the forecast period due to growing inclination toward experiential travel coupled with a longing for freedom and flexibility.

Within this market, personal will remain the largest segment due to versatility, providing comfort for various outdoor activities and constant innovation appeal.

North America is expected to witness largest growth over the forecast period due to rising popularity of outdoor activities and tourism.

Features of the Global Recreational Vehicle Market

Market Size Estimates: Recreational vehicle market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Recreational vehicle market size by vehicle type, application, and region in terms of value ($B).

Regional Analysis: Recreational vehicle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vehicle type, application, and regions for the recreational vehicle market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recreational vehicle market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for recreational vehicle market?

Answer: The global recreational vehicle market is expected to grow with a CAGR of 4.0% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the recreational vehicle market?

Answer: The major drivers for this market are global movement towards eco-friendly tourism and sustainable travel and desire for high-end and personalized recreational vehicles, and growing emphasis on leading healthier lives has led to an increase in the popularity of leisure and recreational activities in parks and camping areas.

Q3. What are the major segments for recreational vehicle market?

Answer: The future of the recreational vehicle market looks promising with opportunities in the personal and commercial markets.

Q4. Who are the key recreational vehicle market companies?

Answer: Some of the key recreational vehicle companies are as follows.

• Aliner
• Dethleffs
• Forest River
• Gulf Stream Coach
• Hymer
• Northwood Manufacturing
• Rev Recreation
• Swift
• Thor Industries
• Trigona

Q5. Which recreational vehicle market segment will be the largest in future?

Answer: Lucintel forecasts that towable RVs is expected to witness largest growth over the forecast period due to growing inclination toward experiential travel coupled with a longing for freedom and flexibility.

Q6. In recreational vehicle market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness largest growth over the forecast period due to rising popularity of outdoor activities and tourism.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the recreational vehicle market by vehicle type (motorhomes and towable RVs), application (personal, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?