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

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

RV Rental refers to a rental car company that provides RVs to customers and collects fees from them. For consumers, RV Rental is an economical way to enjoy all the benefits of RV travel without the maintenance and ownership costs.

Market Overview:

The latest research study on the global RV Rental market finds that the global RV Rental market reached a value of USD 1670.08 million in 2022. It’s expected that the market will achieve USD 2963.5 million by 2028, exhibiting a CAGR of 10.03% during the forecast period.

At present, the global economy continues to recover, but due to the disruption of supply chains, the uncertainty of the epidemic has increased, the uncertainty of economic recovery has increased, and the momentum of recovery has weakened. It was the worst global recession in decades, despite a massive government effort to fight it, backed by fiscal and monetary policy. But in the longer term, a severe recession triggered by the pandemic is expected to lead to a prolonged downturn in the economy by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if restrictions on liquidity are extended or reintroduced, or if economic activity is disrupted for a prolonged period. Businesses may struggle to service debt, increased risk aversion could lead to higher borrowing costs, and bankruptcy and defaults could lead to financial crises in many countries.

For the RV Rental industry, the impact of the pandemic on the RV Rental industry is complex. First of all, in the early stage of the epidemic, the tourism industry took a huge hit due to government restrictions on people's travel and people's panic about the virus, people stayed at home for a long time. Therefore, in the pre-pandemic period, there was less demand for RV Rentals as people travel restrictions and the tourism industry took a huge hit. In the later stage of the epidemic, with the relaxation of epidemic prevention and control measures and the continuous vaccination rate of new coronary pneumonia, as various isolation measures have increased people's sense of boredom and loneliness, consumers' demand for social activities and travel will increase more urgent. However, due to the uncertainty of the epidemic, cross-border travel has been greatly restricted, and short-distance outdoor activities have become an important choice for people to relax and exercise. For example, sophisticated camping has become one of the options favored by consumers. In the later stage of the epidemic, consumers pay more attention to the safety and privacy of travel. Compared with the current travel mode, RVs have become one of the best choices. In general, in the later stage of the epidemic, due to the increase in consumer demand for travel, this will be one of the opportunities for industry companies to develop.

RV Rental Pros

At present, the price of ordinary RVs on the market is around hundreds of thousands of dollars, and the maintenance of RVs and parking spaces also cost a lot of money every year. In addition to the high purchase cost, the use of RVs is very inefficient. According to relevant survey data, the RV is used to travel at most for one or two months each year, and the RV is idle for the rest of the time. Especially for ordinary office workers, there are only a few short holidays in a year to go out and play. Therefore, instead of buying an RV to travel, most consumers still choose RV Rental to travel. The price of renting an RV can fully meet the consumption level of most people. RV Rental allows consumers to enjoy the benefits of RV travel without paying maintenance costs and depreciation costs. RV Rental benefits are a significant factor driving the industry.

RV facilities and services are not perfect

RV Rental has higher service requirements than ordinary car rentals: such as preliminary itinerary planning, guidance and troubleshooting during use (vehicle parking, water and electricity supply, camping precautions), etc. If the supporting services are not perfect, it is easy to lose the first batch of potential users who are willing to try early adopters, thus seriously hindering the expansion of the potential user base. In addition, different regions have inconsistent regulations on the registration of RVs on the road. For example, the relevant laws and regulations on the registration of RVs on the road in China are not perfect, and the law enforcement standards adopted by various local law enforcement agencies for the registration of RVs on the road are inconsistent, and some areas do not allow trailer-type RVs to be licensed on the road.

Region Overview:

In 2022, the share of the RV Rental market in United States stood at 50.26%.

Company Overview:

Cruise America is one of the major players operating in the RV Rental market, holding a share of 19.11% in 2022.

Cruise America

Cruise America, Inc. rents and sells motorhomes, vans, truck campers, and motor- cycles throughout the United States and Canada. The Company offers one-way rentals, insurance, luggage storage, kitchen supplies, utensils, linens, airport pickup and maps to the rental customer. The Company also sells new, used and ex-rental vehicles through two dealerships in southern Florida.

Outdoorsy

Outdoorsy, Inc is the most comprehensive platform for outdoor travelers to rent stylish and great RVs in the nation. Outdoorsy, Inc's selection includes vintage Airstreams, toy haulers, fifth wheelers, Class A, B and C motorhomes, as well as garden trailers and motorhomes. For professional RV rental companies, Outdoorsy, Inc introduces wheelbases for inventory management, utilization and the best insurance in the industry. The company connects RV owners with other campers who want to experience RVs without ownership.

Segmentation Overview:

As for product types, the Campervans segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Couple Travel, with a market share of 50.51% in 2022.

Key Companies in the global RV Rental market covered in Chapter 3:

RVezy
Cruise America
Apollo RV Rentals
Yescapa
Japan C.R.C
Adventure Touring USA
Outdoorsy
Escape Campervans USA
Tourism Holdings Ltd
RV Share
Erwin Hymer Group
Indie Campers

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

Campervans
Motorhomes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the RV Rental market from 2018 to 2029 covers:

Couple Travel
Family Trip
Others

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)