Recreational Vehicle (RV) Market in North America | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The recreational vehicle (RV) Market in North America is expected to grow by $ 8.88 bn, decelerating at a CAGR of almost 6.02% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


For a snapshot of our exhaustive research analysis and insights:  Request for Our Free Sample Report


Recreational Vehicle (RV) Market in North America: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years. 

  • Market is segmented Product (Towable RVs and Motorized RVs) and Geography (US and Rest of North America). 
  • 83% of the market growth will originate from US during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Recreational Vehicle (RV) Market in North America size. 

Recreational Vehicle (RV) Market in North America Size to Grow by $ 8.88 bn through 2021-2025 | Leading Segments and Market Trends

Recreational Vehicle (RV) Market in North America: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Increasing adoption of RVs by different generations of consumers  will be a significant factor in driving the growth of the Recreational Vehicle (RV) Market in North America.
  • Growth by the towable RVs segment has been significant in recent years and will offer further growth during the forecast period.
  • vehicle recalls affecting market dynamics have been identified as a hurdle that needs to be crossed on the path to success.

Recreational Vehicle (RV) Market in North America: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Berkshire Hathaway Inc., Gulf Stream Coach Inc., Nexus RV, Northwood Manufacturing Inc., Pleasure Way Industries Ltd., REV Group Inc., Thor Industries Inc., Tiffin Motorhomes Inc., Triple E Canada Ltd., and Winnebago Industries Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerate at a CAGR of almost 6.02%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 8.88 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing adoption of RVs by different generations of consumers will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    US and Rest of North America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    83% growth will originate from US

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Berkshire Hathaway Inc., Gulf Stream Coach Inc., Nexus RV, Northwood Manufacturing Inc., Pleasure Way Industries Ltd., REV Group Inc., Thor Industries Inc., Tiffin Motorhomes Inc., Triple E Canada Ltd., and Winnebago Industries Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Towable RVs and Motorized RVs) and Geography (US and Rest of North America)

Recreational Vehicle (RV) Market In North America Size to Grow by $ 9.43 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the recreational vehicle (rv) market in north america and it is expected to grow by $ 9.43 bn, decelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Recreational Vehicle (RV) Market In North America: Emerging Trends to Impact Market Growth

Emergence of smart driver assist systems to emerge as a key trend in the industrial recreational vehicle (rv) market in north america. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Recreational Vehicle (RV) Market in North America Size to Grow by $ 8.88 bn through 2021-2025 | Leading Segments and Market Trends

Recreational Vehicle (RV) Market In North America: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Berkshire Hathaway Inc., Gulf Stream Coach Inc., Nexus RV, Northwood Manufacturing Inc., Pleasure-Way Industries Ltd., REV Group Inc., Thor Industries Inc., Tiffin Motorhomes Inc., Triple E Canada Ltd., and Winnebago Industries Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the global recreational vehicle (RV) market in North America is expected to grow by USD 9.43 billion decelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Recreational Vehicle (RV) Market in North America Size to Grow by $ 8.88 bn through 2021-2025 | Leading Segments and Market Trends

Recreational Vehicle (RV) Market in North America: Segmentation by Product

During 2019, the towable RVs segment accounted for the major share of the Recreational Vehicle (RV) Market in North America. Towable RVs are non-motorized and, hence, are required to be towed around by passenger automobiles, such as pickup trucks, SUVs, or vans. These RVs use a frame hitch attached to the towing vehicle for movement. Towable RVs have a raised forward section, which helps in attaching it to a receiver located in the bed area of a pickup truck. Furthermore, these RVs are meant to provide consumers with a comfortable, self-contained living facility. These factors are expected to fuel the demand for towable RVs in North America during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the recreational vehicle market growth in North America.

Recreational Vehicle (RV) Market in North America: Segmentation by Geography

The US was the largest recreational vehicle market in North America in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The desire of consumers to experience outdoor activities and enjoy quality personal time simultaneously and the rising cost of air travel and hotel accommodation will significantly drive RV market growth in the US over the forecast period. 86% of the market’s growth will originate from the US during the forecast period. However, market growth in this country will be slower than the growth of the market in the rest of North America.

Recreational Vehicle (RV) Market in North America: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To suRVive and succeed in such an intensely competitive market, players must distinguish their product and seRVice offerings through clear and unique value propositions. Berkshire Hathaway Inc., Gulf Stream Coach Inc. and Nexus RV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

Read More Read Less
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>