What is Caravans and RV Market?
Caravans and RV (recreational vehicle) is also known as a travel trailer or camper trailer is towed behind a road vehicle to provide a place to sleep which is more comfortable and protected than a tent (although there are fold-down trailer tents. It provides the means for people to have their own home on a journey or a vacation, without relying on a motel or hotel, and enables them to stay in places where none is available. According to a secondary source, in the year 2016, the United States was the top leading country followed by China that ranked second as a destination market for caravans and RV. The total United States RV exports in 2016 were increased to USD 13.7 million compared to USD 7.9 billion in 2015. The Towable RVs were 58% of 2016 RV exports and 42% were motorhomes. The increasing demand for adventure camping and camping grounds developed countries has driven the global caravans and RV market growth.
The market study is being classified by Type (Towable RVs {Travel Trailer, Fifth Wheel, Truck Campers, Folding Camp Trailers} and Motorhomes {Class A, Class B, Class C}), by Application (Fleet Owners and Direct Buyers) and major geographies with country level break-up. According to AMA, the Global Caravans and RV market is expected to see growth rate of 6.36%
Forest River (United States), REV Group, Inc. (United States), Thor Industries Inc. (United States), Winnebago Industries Inc. (United States), Trigano SA (France), REV Group, Inc. (United States), Swift Group (United Kingdom), RAPIDO SAS (France), Nexus RV, LLC. (United States), Northwood Manufacturing (United States), Lunar Caravans Ltd. (United Kingdom), Triple E Recreational Vehicles (Canada), Dethleffs (United Kingdom), Fendt Caravan GmbH (Germany) and Knaus Tabbert AG (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Gulf Stream Coach (United States), Airstream (United States), Crossroads RV (United States), Highland Ridge RV, Inc. (United States), Skyline Corporation (United States), Fleetwood Corporation (Australia) and Grand Design RV (United States).
The global caravans and RV market is highly competitive and diversified due to the presence of a large number of regional and international providers across the globe. These providers are progressively focusing on the production of products that have a higher quality to meet the customer’s expectations such as high performance, reliability, and pricing. Furthermore, new players find it difficult to enter the market as the production of caravans and RV design and products is highly capital-intensive. Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Caravans and RV market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Caravans and RV market by Type, Application and Region. On the basis of Type, Motorhomes are dominating the market in the year 2019 where as Towable RVs stood as second largest market share.
On the basis of geography, the market of Caravans and RV has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Campgrounds by Youth Population
- Improving Consumer Confidence Index
- Growing Popularity of RV Camping
Market Trend
- Development of Tourism Industry
- Advent of Electric Recreational Vehicles
Restraints
- High Cost of Caravans and RV
Opportunities
- Rising Aging Population
- Proliferating RV Rental Services Demand
- Rising Demand for Air Conditioned Caravans and RV
Challenges
- Seasonal Fluctuations
- Maintenance of Caravans and RV
Market Leaders and some development strategies
In February 2019, Thor Industries completed its acquisition of Erwin Hymer Group (EHG), one of Europe's largest makers of recreational vehicles (RVs) for approximately Euro 2.1 billion. This acquisition expanded Thor Industries market footprint in European recreational vehicles market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Caravans and RV Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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