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Mar 29, 2023 (The Expresswire) --A Comprehensive Growth Research 2023: “Recreational Vehicle (RV) Market” | Survey with 112 Pages Report
The Global "Recreational Vehicle (RV) Market" Research Report offers a comprehensive analysis of various market dynamics in the parent industry, enabling businesses to make informed decisions and formulate development strategies based on the opportunities present in the market. The report provides an assessment of the market performance of key vendors across different regions, along with their company profile, growth aspects, opportunities, and threats to market development. Through the evaluation of worldwide data related to the actual and potential market situation, the report provides insights into future market trends that help organizations achieve their goals. Industry analysts and experts provide valuable insights into the future outlook, which assist businesses in making informed decisions and staying ahead of the competition. Overall, this report offers a valuable resource for businesses seeking to understand the Recreational Vehicle (RV) Market and capitalize on the opportunities available
Furthermore, this report investigates into the top industry segments by type [Towable, Motorhomes], applications [Commercial, Home Use], and regions, highlighting important aspects such as market size, share, trends, and key drivers with the aid of SWOT and PESTLE analysis. In addition, this research report provides insights into pricing strategies, business statistics, supply chain, and technological advancements over the forecast period, giving businesses a deeper understanding of the industry's complexities and opportunities.
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Some of the prominent players reviewed in the research report include:
● REV Recreation Group
● MAXUS
● Knaus Tabbert
● NeXus RV
● Triple E Recreational Vehicles
● Gulf Stream Coach
● Swift Group
● Riverside RV
● Rapido Group
● Forest River
● HL Enterprise
● Trigano
● Northwood Manufacturing
● THOR Industries
● Winnebago Industries
● Pleasure-Way Industries
● Hobby-Wohnwagenwerk
Report Scope:
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Boswellia market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
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Market Insights and Analysis:
The global Recreational Vehicle (RV) market size was valued at USD 49964.79 million in 2022 and is expected to expand at a CAGR of 6.01Percent during the forecast period, reaching USD 70907.58 million by 2028.
A recreational vehicle (RV) is a motorized or non-motorized vehicle which is designed for temporary accommodation. These vehicles are generally utilized for camping, recreation, or travel. In addition, these vehicles are equipped with all the amenities found in home with living space. It includes kitchen, bathroom, bedroom, and a rest room. Moreover, these vehicles are generally categorized as towables and motorhomes.
The Recreational Vehicle (RV) market report provides businesses with a wealth of valuable information, offering a comprehensive overview of current trends, market size, recent developments, and new opportunities. This report is an essential resource for any business looking to gain a better understanding of the industry, with growth analysis and historical and futuristic data on costs, revenue, demand, and supply. By providing in-depth insights into the market's scope and application, this study enhances understanding and facilitates strategic decision-making. For businesses of all sizes, the Recreational Vehicle (RV) market report is a crucial tool, illuminating product development, marketing strategies, and overall business growth. With its valuable information and analysis, this report can help businesses stay ahead in a highly competitive industry.
Industry Segment by Type:
● Towable
● Motorhomes
Industry Segment by Application:
● Commercial
● Home Use
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Regional Outlook:
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment.
Key Drivers and Barriers:
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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Following queries are answered in the Recreational Vehicle (RV) report:
Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on theRecreational Vehicle (RV) market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters 1.7, 2.7, 4.X.1, 7.5, 8.7, we elaborate at full length on the impact of the pandemic and the war on the Recreational Vehicle (RV) Industry.
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Recreational Vehicle (RV) Market Forecast Report 2023-2028:
1 Recreational Vehicle (RV) Market Overview
1.1 Product Overview and Scope of Recreational Vehicle (RV) Market
1.2 Recreational Vehicle (RV) Market Segment by Type
1.2.1 Global Recreational Vehicle (RV) Market Sales Volume and CAGR (%) Comparison by Type (2018-2028)
1.3 Global Recreational Vehicle (RV) Market Segment by Application
1.3.1 Recreational Vehicle (RV) Market Consumption (Sales Volume) Comparison by Application (2018-2028)
1.4 Global Recreational Vehicle (RV) Market, Region Wise (2018-2028)
1.5 Global Market Size of Recreational Vehicle (RV) (2018-2028)
1.5.1 Global Recreational Vehicle (RV) Market Revenue Status and Outlook (2018-2028)
1.5.2 Global Recreational Vehicle (RV) Market Sales Volume Status and Outlook (2018-2028)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the Recreational Vehicle (RV) Market
2 Industry Outlook
2.1 Recreational Vehicle (RV) Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 Recreational Vehicle (RV) Market Drivers Analysis
2.4 Recreational Vehicle (RV) Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 Recreational Vehicle (RV) Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on Recreational Vehicle (RV) Industry Development
3 Global Recreational Vehicle (RV) Market Landscape by Player
3.1 Global Recreational Vehicle (RV) Sales Volume and Share by Player (2018-2023)
3.2 Global Recreational Vehicle (RV) Revenue and Market Share by Player (2018-2023)
3.3 Global Recreational Vehicle (RV) Average Price by Player (2018-2023)
3.4 Global Recreational Vehicle (RV) Gross Margin by Player (2018-2023)
3.5 Recreational Vehicle (RV) Market Competitive Situation and Trends
3.5.1 Recreational Vehicle (RV) Market Concentration Rate
3.5.2 Recreational Vehicle (RV) Market Share of Top 3 and Top 6 Players
3.5.3 Mergers and Acquisitions, Expansion
4 Global Recreational Vehicle (RV) Sales Volume and Revenue Region Wise (2018-2023)
4.1 Global Recreational Vehicle (RV) Sales Volume and Market Share, Region Wise (2018-2023)
4.2 Global Recreational Vehicle (RV) Revenue and Market Share, Region Wise (2018-2023)
4.3 Global Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.4 United States Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.4.1 United States Recreational Vehicle (RV) Market Under COVID-19
4.5 Europe Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.5.1 Europe Recreational Vehicle (RV) Market Under COVID-19
4.6 China Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.6.1 China Recreational Vehicle (RV) Market Under COVID-19
4.7 Japan Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.7.1 Japan Recreational Vehicle (RV) Market Under COVID-19
4.8 India Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.8.1 India Recreational Vehicle (RV) Market Under COVID-19
4.9 Southeast Asia Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.9.1 Southeast Asia Recreational Vehicle (RV) Market Under COVID-19
4.10 Latin America Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.10.1 Latin America Recreational Vehicle (RV) Market Under COVID-19
4.11 Middle East and Africa Recreational Vehicle (RV) Sales Volume, Revenue, Price and Gross Margin (2018-2023)
4.11.1 Middle East and Africa Recreational Vehicle (RV) Market Under COVID-19
5 Global Recreational Vehicle (RV) Sales Volume, Revenue, Price Trend by Type
5.1 Global Recreational Vehicle (RV) Sales Volume and Market Share by Type (2018-2023)
5.2 Global Recreational Vehicle (RV) Revenue and Market Share by Type (2018-2023)
5.3 Global Recreational Vehicle (RV) Price by Type (2018-2023)
5.4 Global Recreational Vehicle (RV) Sales Volume, Revenue and Growth Rate by Type (2018-2023)
6 Global Recreational Vehicle (RV) Market Analysis by Application
6.1 Global Recreational Vehicle (RV) Consumption and Market Share by Application (2018-2023)
6.2 Global Recreational Vehicle (RV) Consumption Revenue and Market Share by Application (2018-2023)
6.3 Global Recreational Vehicle (RV) Consumption and Growth Rate by Application (2018-2023)
7 Global Recreational Vehicle (RV) Market Forecast (2023-2028)
7.1 Global Recreational Vehicle (RV) Sales Volume, Revenue Forecast (2023-2028)
7.1.1 Global Recreational Vehicle (RV) Sales Volume and Growth Rate Forecast (2023-2028)
7.1.2 Global Recreational Vehicle (RV) Revenue and Growth Rate Forecast (2023-2028)
7.1.3 Global Recreational Vehicle (RV) Price and Trend Forecast (2023-2028)
7.2 Global Recreational Vehicle (RV) Sales Volume and Revenue Forecast, Region Wise (2023-2028)
7.3 Global Recreational Vehicle (RV) Sales Volume, Revenue and Price Forecast by Type (2023-2028)
7.4 Global Recreational Vehicle (RV) Consumption Forecast by Application (2023-2028)
7.5 Recreational Vehicle (RV) Market Forecast Under COVID-19
8 Recreational Vehicle (RV) Market Upstream and Downstream Analysis
8.1 Recreational Vehicle (RV) Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.3.1 Labor Cost Analysis
8.3.2 Energy Costs Analysis
8.3.3 RandD Costs Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of Recreational Vehicle (RV) Analysis
8.6 Major Downstream Buyers of Recreational Vehicle (RV) Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Recreational Vehicle (RV) Industry
9 Players Profiles
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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FAQs
Recreational Vehicle (RV) Market 2023-2028 | Size, Trends, and Forecast? ›
The global recreational vehicle market size is projected to reach USD 87.89 billion by 2028 from its value USD 55.90 billion in 2021, at CAGR of 6.7% during forecast period.
What is the projection for the RV industry in 2023? ›ITR Economics, which prepared the forecast for RVIA, projects 2023 wholesale RV shipments in a range of 324,300 to 344,000 RVs. The most likely total, ITR Economics said in the spring 2023 issue of RV RoadSigns, is 334,100 RVs.
Is the RV industry slowing down 2023? ›We think used RV buyers are in for lower prices and a larger inventory in 2023. Less demand, more supply, and an uncertain economy are fueling a slowdown in the industry overall.
Will RV prices go down in 2023? ›In general, RVs are going to continue to decrease in price in 2023, due to an incleased supply of RVs and a decreasing demand for them. Class Bs might be the exception to this, as demand for them from Gen Z, Millenials, and Boomers continues to rise.
What is the projected growth for the RV industry? ›Recreational Vehicle Market size surpassed USD 60 billion in 2022 and is projected to register 4% CAGR from 2023 to 2032, driven by the increasing number of RV campsites and parks.
Is 2023 a good time to buy a motorhome? ›As early as February 2023, prices on RVs will see a significant downturn, and this will make it a prime time to purchase an RV, especially for buyers who can have cash ready. In addition, the following tips will help you to get the best deal on an RV in 2023's buyer's market.
What will RVs look like in the future? ›RVing will Become More Luxurious
We can expect to see more and more high-end features and amenities being offered with four season travel trailer packages. We may also see more RVs with built-in solar panels, larger fresh water tanks, and and lithium batteries to allow for more independence while on the road.
RVs emerged as a rare travel winner in 2020 and 2021. But the recent economic slowdown is adversely impacting several industries, and this time around, the RV space has not been an exception. With the RV industry being highly cyclical and threats of a potential recession looming, the craze for RVing is over now.
What time of year is cheapest to buy an RV? ›You'll generally find the best time to buy an RV is during late fall and winter. Fewer people shop during this period, and less competition means you'll have more negotiating power. You can also find bargains right before a new RV model is released, when gas prices are up, and at RV trade shows.
Are RVs losing value? ›After three years of ownership, your RV is likely to be worth approximately 30% less than when you purchased it. After ten years of ownership, your Class A RV will depreciate to less than half of what you paid for it.
Is an RV a wise investment? ›
Having your own RV can mean significant savings compared to the costs of a typical vacation with flights, rental cars, accommodations, and meals out. Especially with kids and/or picky eaters, having your own kitchen and meal planning is not only cost-effective, but also offers peace of mind.
What state buys the most RVs? ›...
Total RV Shipments in the United States Over Time (1981-2021)
| Year | RV Shipments |
|---|---|
| 2017 | 504,599 |
| 2018 | 483,672 |
| 2019 | 406,070 |
| 2020 | 423,628 |
In November, RV shipments from manufacturers to dealers tumbled 50.4% from the same period a year earlier to 24,445, according to the RV Industry Association (RVIA). For the first 11 months of 2022, wholesale RV shipments totaled 472,691, 15.6% below the year-ago figure, the trade group says.
Is the RV industry slowing down due to gas prices? ›The group predicts shipments will sag 8.4% in 2022 after surging 48% to a record 600,240 vehicles between 2019 and 2021. “Sales have slowed down in the past few weeks because of gas prices,” says Patrick Cattell, parts manager at Art's RV Sales in Glen Ellyn.
What is the profit margin on RVs? ›RVDA's report found gross margins on new RV sales averaged 18.7% in the first quarter of 2022. Gross margins on used RVs averaged 20.4% in the first quarter of 2022. The gross margin on new RVs is the highest recorded by Spader/RVDA data in at least a decade.
What is the RV market status? ›The global recreational vehicle market size was USD 55.28 billion in 2020 and is projected to grow from USD 55.90 billion in 2021 to USD 87.89 billion in 2028 at a CAGR of 6.7% in the 2021-2028 period.
What is the 10 year rule for motorhomes? ›Have you heard of the “10-year rule” at RV parks? It's a simple idea. If your RV is older than 10 years, you can be denied a reservation. While many RVers have never experienced this rule first hand, it's commonly used in RV hot spots like Florida and Arizona.
What is the average lifespan of an RV? ›Ultimately, the average lifespan of an RV is thought to be around 20 years (or 200,000 miles). A used RV that has been well maintained by the previous owner should still last through its 20th total year of life, although maintenance costs may start to rise after 10 or 15 years. Mileage versus age is also subjective.
Who is the largest RV dealer in the world? ›We are America's RV destination! Lazydays RV Tampa is the world's largest RV dealership, known for having the biggest selection of RVs in the nation, as well as a culture for taking great care of our customers. We have many RV experts here!
Are Millennials buying RVs? ›In 2022, Millennials, and to a lesser degree Gen Z, combined to represent 22% of the RV owning public. So, what is driving the Millennials to the RV dealership? There are a variety of social, economic, and health-related factors that have led to the uptick in the younger generations taking up RV living.
Why are so many people moving into RVs? ›
During the pandemic, a lot of careers and jobs shifted from the office cubicles to working remotely. This has actually gave a lot of leniency to those with wanderlust to go out and buy an RV. Now they can continue to work on the road (if they're employer allows it) while camping and traveling in their RVs.
Can an RV last 30 years? ›Typically, RVs will last between 10 and 30 years, with most landing close to the middle of that range. In terms of mileage, this often corresponds to 100,000-300,000 miles. Of course, that's a wide range, but most owners should expect their RV under average use to last at least a decade, if not significantly longer.
Has the RV industry slowed down? ›Is the RV Industry Slowing Down? Sales have slowed. According to the RV Industry Association, monthly RV shipments for November 2022 were down 50% compared to monthly RV shipments for November 2021. For the entire 2022 year, shipments decreased by about 15%, with the largest decrease among travel trailers.
Is RV living on the rise? ›RV living is on the rise as an exciting new way to live, travel, or go on vacation.
Will RVs be outlawed? ›People will still be able to buy, sell, and drive gas or diesel-powered cars manufactured before 2035. Heavy-duty pickups won't be affected until 2045. Although the legislation doesn't expressly describe them, sales of new large ICE Class A RVs will probably be banned in 2045 too.
Why are people quitting RV? ›Because of the high demand and short supply of RV mechanics and parts, maintenance and repairs costs have jumped. The high demand and short supply of new RVs have also caused a significant jump in RV prices (more than 40%!). This actually brings us to our next reason people are leaving RVing full-time.
Why not to buy a new RV? ›Brand new RVs are very expensive. Not only is the rig itself expensive, but taxes, registration, and insurance are all more costly on a brand new rig. And among the greatest disadvantages of buying a brand new RV is the depreciation, which can be very significant.
Is it financially smart to live in an RV? ›It is financially smart to live in an RV. Living in an RV means living a lot smaller with a lot less stuff. You have less room for everything – clothes, toys, tools and more saving you a lot of money. Along with less space, you save on utilities and home-improvement projects if you own your home.
Are people moving into RVs? ›By the numbers: As of March 2021, 11.2 million U.S. households owned RVs, according to the Recreational Vehicle Industry Association. That's up 26% since 2011.
What is the life expectancy of a RV? ›Owners who regularly use their RV or motorhome may expect a lifespan of around 200,000 miles. That being said, you could increase your RV or motorhome's lifespan up to 300,000 miles, on average, as long as the driving conditions are not unduly arduous and you maintain it in good condition.