Global Class C Motorhomes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Class C Motorhomes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Class C motorhomes are a type of recreational vehicle (RV) that is built on a truck or van chassis. They are characterized by their distinctive cab-over design, where the sleeping area is located above the cab. Class C motorhomes typically range in length from 24 to 36 feet and can accommodate anywhere from 6 to 8 people comfortably. They are known for providing a good balance of space, amenities, and maneuverability. These RVs often feature a living area with a kitchenette, dining space, bathroom, and bedroom area. Class C motorhomes may also come equipped with slide-outs, which are sections of the vehicle that can extend out to create additional living space when parked.

Market Overview:

The latest research study on the global Class C Motorhomes market finds that the global Class C Motorhomes market reached a value of USD 5931.3 million in 2022. It’s expected that the market will achieve USD 7886.5 million by 2028, exhibiting a CAGR of 4.86% during the forecast period.

The impact of political factors on trade lies in the impact of political turmoil in a country on the economy and industry. On the other hand, it is the impact of policies such as tariff policy and trade protection. Different countries have different levels of protection for domestic industries, and tariffs are not necessarily the same. The regions with recent political instability are mainly Russia and Ukraine. Manufacturers face increased risks of supply chain disruptions and higher production costs as geopolitical tensions escalate. In addition, an increasing number of producing countries impose entry restrictions, trade barriers and export quotas. For example, the United States imposed additional tariffs of 25% and 10% on imported steel and aluminum products on the grounds of national security. Political factors such as government regulations and policies can have a significant impact on the Class C motor home market. Regulations related to emissions, safety standards, fuel efficiency and airworthiness affect the design, production and sale of RVs. Changes in regulations may require manufacturers to invest in new technologies or modify their production processes. For example, in 2000, the EPA signed emissions standards aimed at reducing emissions from on-road vehicles in 2007 and beyond. Therefore, since 2015, all generators above a certain power rating must be Tier 4 rated. Most RV OEMs have opted for a process called selective catalytic reduction (SCR) to comply with new EPA regulations to reduce emissions.

In addition to this, there are government policies such as tax credits, subsidies, or incentives for buying RVs that can affect consumer demand and market sales. Trade agreements or tariffs could affect the cost and availability of RV components or the competitiveness of domestic manufacturers in international markets.

The growing number of active campers is driving the demand for Recreational Vehicle (RV).

Recreational Vehicle (RV) camping tourism was first used by tourists to travel around the world by self-driving with cots, tents, and food, and then a series of Recreational Vehicle (RV) supporting facilities and many Recreational Vehicle (RV) camps were derived. After years of development, Recreational Vehicle (RV) travel has become a part of people's travel, leisure, and even life in Europe, North America, and other countries and regions. The variety of Recreational Vehicle (RV) is becoming more and more abundant, and the sales volume is increasing; Recreational Vehicle (RV) camp has also developed from a place that initially provided simple services such as refueling, water refilling, and parking to today's complex multi-functional camp, integrating food, lodging, entertainment, Recreation, car care and maintenance, and car rental all in one. Camping has grown significantly in popularity in the post-COVID world, with the latest figures for 2022 showing 7.2 million households going camping for the first time. Fifty percent of leisure travelers see camping as the safest way to travel post-COVID, with many wanting to get outside after being locked up for so long. In 2022, 92 million U.S. households identify as campers, and campers spend approximately $52 billion in their local communities. Post-pandemic camping has become very popular among younger generations, with 45% of Millennials and 44% of Gen Z reporting the highest interest in potential new campers. This has given a boost to the Recreational Vehicle (RV) industry.

With the rise of social media since 2015, people's desire to share has become an important driving force in promoting camping activities. On Instagram, the most popular social media platform for young people in Europe and the US, camping has also been boosted by influencers. Yellowstone National Park, for example, has a steady stream of young people Posting pictures of camping on Instagram. The country with the most camping sites in the world is the United States, which has more than 20,000 sites, and the United Kingdom, which has 3,500 sites. The popularity of camping activities will certainly lead to the development of the Recreational Vehicle (RV) industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (58.46% in 2022).

Company Overview:

Thor Industries is one of the major players operating in the Class C Motorhomes market, holding a share of 38.10% in 2023.

THOR INDUSTRIES ANNOUNCES STRATEGIC INVESTMENT IN DRAGONFLY ENERGY

July 12, 2022
Strategic partnership includes $15 million investment focused on deployment of Dragonfly’s innovative storage technologies to support THOR’s commitment to delivering best-in-class user experience for its RV customers.

THOR Industries (NYSE: THO) announced that it has made a strategic investment in Dragonfly Energy, a leading deep cycle lithium-ion battery producer to the RV industry. Dragonfly’s innovative approach to energy storage - including the development of battery packs, energy systems, and cell manufacturing technologies – is distinctive in its focus on a best-in-class user experience. In May 2022, Dragonfly entered into a merger agreement for a business combination transaction with Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ).

Segmentation Overview:

As for product types, the Gas RVs segment held the largest market share in 2022.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Class C Motorhomes market covered in Chapter 3:

Trigano
REV Group
Winnebago
Forest River
Thor Industries
Rapido Group
Knaus Tabbert
MAXUS
Hobby-Wohnwagenwerk
Gulf Stream Coach

In Chapter 4 and Chapter 14.2, on the basis of types, the Class C Motorhomes market from 2018 to 2029 is primarily split into:

Gas RVs
Diesel RVs

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Class C Motorhomes market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)