North America Recreational Vehicle (SAN) Market By Exterior Construction Material (Wood, Aluminum, Fiberglass, Steel and Others), By Type (Motorhomes (Class A Motor Homes (Gasoline, Diesel), Class B Motor Homes (Gasoline, Diesel) Class C Motor Homes(Gasoline and Diesel), Travel Trailer & Campers (Conventional Travel Trailers and Fifth-wheel Travel Trailers) and Camping Trailers (Folding Camping Trailer and Truck Camper), By Country (U.S. and Canada) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
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 are known for its spacious two-level floor plans and it can be towed with a pickup truck. The capacity is up to six people.
Market Dynamics
Demographics in North America is 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, the 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 growth of the market in the near future. Technological advancements and developments have led to adoption of RVs in North America. Consumers are increasingly preferring recreational vehicles with home-like amenities such as fully-equipped kitchens and bath, 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 market growth over the forecast period.
Market Taxonomy
This report segments the North America Recreational Vehicle Market on the basis of Exterior Construction Material, Type, and Country. On the basis of Exterior Construction Material, North America Recreational Vehicle Market is segmented into Wood, Aluminum, Fiberglass, Steel and Others. On the basis of Type, the North America Recreational Vehicle Market is segmented into Motorhomes (Class A Motor Homes (Gasoline, Diesel), Class B Motor Homes (Gasoline, Diesel) Class C Motor Homes(Gasoline and Diesel), Travel Trailer & Campers (Conventional Travel Trailers and Fifth-wheel Travel Trailers) and Camping Trailers (Folding Camping Trailer and Truck Camper. On the basis of country, North America Recreational Vehicle Market is segmented into U.S. and Canada.
Key features of the study:
This report provides an in-depth analysis of the North America Recreational Vehicle Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains 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 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 Market includes 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 informed decision regarding future product launches, Country 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 Exterior Construction Segmentation:
North America Recreational Vehicle Market, By Exterior Construction Material:
Wood
Aluminum
Fiberglass
Steel
Others
North America Recreational Vehicle Market, By Type:
Motorhomes
Class A Motor Homes
Gasoline
Diesel
Class B Motor Homes
Gasoline
Diesel
Class C Motor Homes
Gasoline
Diesel
Travel Trailer & Campers
Conventional Travel Trailers
Fifth-wheel Travel Trailers
Camping Trailers
Folding Camping Trailer
Truck Camper
•North America Recreational Vehicle Market, By Country:
U.S.
Canada
Company Profiles
Airstream
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Forest River, Inc.
Heartland Recreational Vehicles
Jayco, Inc.
Nexus RV LLC
Northwood Manufacturing
REV Group, Inc.
Starcraft RV, Inc.
Thor Industries, Inc.
Tiffin Motorhomes, Inc.
Triple E Recreational Vehicles.
Winnebago Industries, Inc.
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