PUBLISHER: The Business Research Company | PRODUCT CODE: 1435597
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435597
A travel trailer is a mobile dwelling designed for temporary accommodation during recreational, camping, or travel activities. It is sufficiently spacious or lightweight to be towed by a motor vehicle without requiring a special highway movement permit. A camper is a compact variation of a travel trailer.
The primary categories in the travel trailer and camper market include travel trailers and campers. The term "camper" can also denote an individual spending a day in a camp. Both travel trailers and campers operate using gasoline and diesel fuel. They are utilized for both on-road and off-road purposes.
The travel trailer and camper market research report is one of a series of new reports from The Business Research Company that provides travel trailer and camper market statistics, including travel trailer and camper industry global market size, regional shares, competitors with a travel trailer and camper market share, detailed travel trailer and camper market segments, market trends and opportunities, and any further data you may need to thrive in the travel trailer and camper industry. This travel trailer and camper market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The travel trailer and camper market size has grown strongly in recent years. It will grow from $96.27 billion in 2023 to $104.59 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The expansion in the historical period can be credited to the growth of recreational and outdoor lifestyles, the rise of camping culture, increased family travel, the popularity of adventure tourism, and the establishment of RV parks and campgrounds.
The travel trailer and camper market size is expected to see strong growth in the next few years. It will grow to $143.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The rise projected in the upcoming period can be linked to the increasing environmental awareness, the demand for luxury camping experiences, the popularity of tiny homes, affordable travel options, the trend of health and wellness-focused travel, and the availability of flexible financing options. Key trends anticipated in the forecast period encompass the prevalence of lightweight and compact designs, the resurgence of retro and vintage designs, the introduction of sustainable and eco-friendly options, the incorporation of connectivity and entertainment systems, and the integration of lithium-ion battery technology.
Anticipated technological advancements are poised to be a consistent catalyst for the growth of the travel trailer and camper market in the forecast period. Over the last decade, the global travel trailer and camper industries have witnessed numerous technological breakthroughs, and this trend is expected to gain momentum. As per Forbes, the expected new features in vehicles for 2021 encompass blind-spot monitoring, heated seats, front and rear parking sensors, all-wheel or four-wheel drive, lane-departure warning, Apple CarPlay and/or Android Auto, power front passenger seat, LED accent lights, ventilated or cooled seats, and memory driver's seat. These innovations are foreseen to drive the travel trailer and camper market in the forecast period.
The surging demand for recreational vehicles is projected to fuel the growth of the travel trailer and camper market in the forthcoming years. Recreational vehicles (RVs) are functional automobiles or trailers with accommodations designed for lodging. RVs can either be trailers towed behind vehicles or self-powered vehicles. Beyond serving as temporary accommodation during travel, RVs have diverse applications, including full-time living, remote work setups, eco-friendly living, career opportunities, guest houses, and vacation homes ideal for camping and travel. For example, in July 2022, the Caravan Industry Association of Australia reported that, as of January 31, 2021, Australia had 772,598 registered recreational vehicles, with caravans constituting 90% of the total. The total registrations saw a 4.2% growth between 2020 and 2021. Thus, the increasing demand for recreational vehicles is a driving force behind the travel trailer and camper market.
The onset of the COVID-19 pandemic posed a significant challenge to the travel trailer and camper market in 2020. Disruptions in supply chains due to trade restrictions and reduced consumption during global lockdowns led to setbacks. However, the market is expected to recover over the forecast period, as the impact of the pandemic is considered a "black swan" event, unrelated to ongoing market weaknesses or fundamental issues in the global economy.
Manufacturers of travel trailers and campers are increasingly incorporating solar panels to foster a sustainable environment. Traditionally reliant on noisy generators, travel trailers now benefit from solar panels, which offer noise-free operation and are highly portable and lightweight. These panels can be easily mounted on trailers, converting sunlight into power for the seamless functioning of travel trailers. Renogy, Go Power, and Zamp Solar are notable companies producing solar panels and associated systems tailored for travel trailers and campers.
Leading companies in the trailer market are directing their efforts towards innovative products, such as the Nugget camper, to better cater to the evolving needs of their customer base. The Nugget camper stands out as a next-generation, transit-customized vehicle boasting enhanced connectivity, driving experiences, and new powertrains, including a Plug-in Hybrid Electric Vehicle (PHEV) option. For instance, in August 2023, Ford Motor Company, a prominent US-based automobile manufacturer, introduced the Nugget Camper. This futuristic model integrates Ford's cutting-edge vehicle technologies, delivering improved connectivity, an enhanced driving experience, and innovative powertrains, featuring a PHEV option. The Nugget is propelled by a 2.5-liter Atkinson cycle gasoline engine, an 11.8 kWh (usable) battery pack, and a battery-powered engine, generating 232 PS and offering pure-electric operational capabilities. The sleek cockpit is equipped with a comprehensive digital display and a spacious 13-inch touchscreen, ensuring effortless navigation, entertainment, and connectivity with Ford's latest SYNC 4 software.
Major companies operating in the travel trailer and camper market report are Eclipse Recreational Vehicles Inc., Thor Industries Inc., Little Guy Trailers, Forest River Inc., REV Group Inc., Jayco Inc., Heartland RV, Apollo Tourism & Leisure Ltd., Dutchmen RV, Fleetwood Corporation Limited, Grand Design RV, K-Z RV, DRV, Capri Camper, Columbia Northwest, Gulf Stream Coach Inc., Keystone RV, Northwood Manufacturing, Bigfoot Industries Inc., Oliver Travel Trailers, Cruiser RV, Casita Travel Trailers, Airstream, nuCamp RV, Entegra Coach, Crossroads India Assistance Pvt Ltd., Lance Camper Manufacturing Corporation, Adventurer Manufacturing, Bundutec USA, Highland Ridge
Asia-Pacific was the largest region in the travel trailer and camper market in 2023. North America was the second-largest region travel trailer and camper market. The regions covered in the travel trailer and camper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the travel trailer and camper market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
The travel trailer and camper market consists of sales of travel trailer, fifth wheel, toy hauler, pop up, truck camper, class A gas, and class A diesel. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Travel Trailer And Camper Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on travel trailer and camper market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for travel trailer and camper ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The travel trailer and camper market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.