According to Goldstein Research, global recreational vehicle market is expected to reach 850.0 thousand units by 2024. The growing travel and tourism preferable nature-based tourism among the young generation who resist staying in hotels is augmenting the sales and manufacturing of the RVs. Further, the cleaning, maintenance, loading and unloading is an expensive activity, challenging the growth of the market.

Global recreational vehicle market segmentation has been done on the basis of product type, and geography. Leisure recreational vehicles accounted for largest market share in 2016 on the back of increasing campaign and travel purpose. In U.S., recreational vehicles for campaigning purpose accounted for generate revenue USD 1.0 million every year. Global recreational vehicle market is largely dominated by North America acquiring 41.2% market share in 2016 on the back of growing travel and tourism. U.S. recreational vehicle market grew by 4.8% in 2016 from 2015. North America is followed by Asia-Pacific region growing at a CAGR of 10.0% over the forecast period on account of the rising young population and spending abilities.

Market Segmentation

On the basis of our in-depth analysis, Global Recreational Vehicle Market can be segmented as follows:

By Product Type

o Motorhomes
o Toy Haulers
o Fifth Wheels
o Destination Trailers
o Camping Trailers

By Application

o Leisure Activities
o Business Activities

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Recreational Vehicle Market Outlook 2024” contains detailed overview of the global recreational vehicle market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, and application.

Further, for the in-depth analysis, Global Recreational Vehicle Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Eclipse Recreational vehicles Inc., Gulf Stream Coach Inc., Northwood Manufacturing Inc., Palomino RV, Thor Industries Inc., AL-KO AXIS, Allied Recreation, Aliner and Somerset Folding Camping Trailers, Augusta RV, Coachmen Recreational vehicle Company, Cruiser RV and DNA Enterprises, Fleetwood RV, Forest River, Forks RV, Freightliner Custom Chassis, Grand Design RV, Lifestyle Luxury RV, Little Guy Worldwide, Navistar RV, Newmar, Pleasure-Way Industries, Prime Time Manufacturing and Renegade RV, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global recreational vehicle market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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