A recreational vehicle is defined as a motor vehicle or trailer equipped with all the amenities found in home with living space. It includes kitchen, bed room, bathroom and a rest room. Some of the special features rarely found in recreational vehicles are hot tub, dining hall, a desk and vanity closet. Majority of RV's have one deck, however some of the customized RV's available also include two decks. RV's are mostly commonly used for carrying leisure activities such as camping and vacation. Occasionally RV's are used as mobile office for business travelers, such vehicles are made available primarily through customization.
MARKET SCOPE
The "Global Recreational Vehicle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the recreational vehicle market with detailed market segmentation by vehicle, fuel and geography. The report provides key statistics on the market status of the leading recreational vehicle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on vehicle, the global Recreational vehicle market market is segmented into motorhomes, and towable RV.
? On the basis of fuel, the market is segmented into gasoline, and diesel.
MARKET DYNAMICS
Drivers
? The growing number of active campers is contributing to the demand for RVs.
? Increasing demand for road trips as a getaway from quarantine would also boost growth. The post lockdown period is likely to witness the rise in the number of first-time buyers.
Restraints
? High initial purchase cost.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The recreational vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the recreational vehicle market in these regions.
IMPACT OF COVID-19 ON RECREATIONAL VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the recreational vehicle market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Recreational vehicle market market are anticipated to lucrative growth opportunities in the future with the rising demand for recreational vehicle market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the recreational vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Airstream, Inc
? Cruiser RV
? DRV Luxury Suites
? Dutchmen RV
? Forest River, Inc.
? Nexus RV LLC.
? REV Group, Inc.
? Thor Industries, Inc.
? Triple E Recreational Vehicles
? Winnebago Industries, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.