Recreational Vehicle Market Report Forecasts the Impact of COVID-19 Pandemic on Business and Analysis by 2027

 

Market Research Future (MRFR) report on the “Global Recreational Vehicle Market (2019-2025)” addresses the COVID-19 analysis of a critical factor affecting the market growth. Global Recreational Vehicle Market is expected to be valued at USD 61.47 Billion by 2025 with CAGR of 8.60% during the forecast period. The increase in demand for enhanced comfort & convenience features in recreational vehicles and the rise in the need for long distances traveling, positively impact the market growth. Also, increasing demand for convenient recreational vehicles in rising numbers of outdoor activities increases market sales.

The global recreational vehicle market is witnessing a considerable rise in its size. The market growth attributes to the increasing adoption of recreational vehicles to reduce camping prices during a vacation. Besides, rising OEM reforms to transform the raw materials and components into recreational vehicles and increasing designing solutions by manufacturers to improve working conditions according to user requirements escalate the market growth to furthered height. 

Global Recreational Vehicle Market- Competitive Analysis  

Well established, the recreational vehicle market appears fragmented due to the presence of several well-established players. To gain a larger competitive advantage, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product launch, and expansion. Key players focus on the innovation of products and new manufacturing processes. This, as a result, intensifies the already competitive nature of the market. The recreational vehicle market demonstrates a high growth prospect, attracting several new entrants.

Major Players:               

Players leading the global recreational vehicle market include Forest River, Inc., Thor Industries, Inc., REV Group, Inc., NeXus RV, Winnebago Industries, Inc., Dethleffs GmbH & Co. KG, The Swift Group, and Bürstner Gmbh & co. Kg, among others. 

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Global Recreational Vehicle Market- Segmentation

By Product Type        : Folding Camper, Fifth Wheel Campers, Truck Campers, Travel Trailers, Class A Motorhomes, Class B Motorhomes, Class C Motorhomes, and others. 

By Application           : Leisure, Business, and others. 

By Regions                    :  Asia Pacific, North America, Europe, and Rest-of-the-World.

Global Recreational Vehicle Market- Regional Analysis 

North America dominates the global recreational vehicle market. The largest market share attributes to the encouraging adoption of eco-friendly products, increasing the popularity of recreational vehicles in the region.

Moreover, growing tourism, coupled with favorable government policies, drives the growth of the regional market. The growing market in the US leads in the regional market due to increased recreational vehicles' increased sales. Also, high economic growth and investments transpired in developing new and improved versions of recreational vehicles boost the market share of the regional market. The North American recreational vehicle market is projected to retain its dominance throughout the estimated period. 

Key Questions Addressed by the Report

1. What was the historic market size (2018)?
2. Which segmentation (Product Type/Application) is driving market?
3. What will be the growth rate by 2025?
4. How are the key players in this market?
5. What are the strategies adopted by key players?

If you have any requirements, let know and we will customize the report according to your need.

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Major Highlights of TOC Covers:

1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Recreational vehicle Market Segmentation
8. Recreational vehicle Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape

More…

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