Recreational Vehicles Market is projected to showcase significant growth from Conventional travel trailers

Conventional travel trailers are expected to dominate the recreational vehicles market through the forecast period, predominantly owing to the availability of RVs at the lower cost amongst the other available options. With extensive research and development, Protec has configured new motorhome that is equipped with a dry bathroom, dining room, full kitchen, sink, fridge with freezer, and an additional pull-out worktop. The deployment of luxurious amenities in the vehicle will further fuel the product demand that will ultimately boost the recreational vehicles market outlook.

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Asia Pacific recreational vehicles market is expected to witness significant growth at around 7% over the forecast period. This can be credited to the significant growth of the middle-class population and increasing emphasis on development of tourism in countries including China, India, Thailand, South Korea, Australia, and Japan. According to the U.S. Department of Commerce, China had around 56 active RV manufacturers contributing significant share of the nation’s RV market, as of 2016.

Key Questions Answered In The Report Include:
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global recreational vehicles market?
• What are the key market trends impacting the growth of the recreational vehicles market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Recreational vehicles, owing to their comfort & connectivity, are massively adopted by tourists of late, stimulating recreational vehicles market. That said, in order to promote the regional tourism industry, several countries have been investing in the deployment of recreational vehicles. These vehicles are priced higher when compared to the conventional vehicles owing to which, numerous travelers have been giving preference to rental services. In this regard, rental service industries have also been looking forward to attracting more consumers by providing high-quality product ranges with sufficient insurance and low-cost maintenance facilities. The increasing popularity of high-end luxury and fuel-efficient recreational vehicles is thus slated to boost recreational vehicles market over the years ahead.

Industry participants are continuously investing in R&D to enhance efficiency and improving the vehicle performance by incorporating innovative solutions. For instance, in 2018, Winnebago, in partnership with Motiv Power Systems, introduced a fully electric recreational vehicle with a total driving range of up to 125 miles on a single charge. In 2017, Germany based Dethleffs showcased an RV with solar panels fitted on all the walls of the vehicle. This eliminates the constant requirement for charging the batteries and reduces the operating costs significantly.

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Some of the key industry players in the recreational vehicles market place include: Winnebago Industries, Thor Industries, REV Recreation Group, and Forest River Inc. Industry participants are engaged in mergers and acquisitions for improving their market share. For instance, in 2016, Thor Industries acquired Jayco for USD 576 million. This acquisition has enabled the company to diversify its portfolio with a wide range of travel trailers, Class A, and Class C motorhomes, and attract a wide of customers.

Major Table of Content: –

Chapter 4.   Recreational Vehicles Market, By Vehicle

4.1. Global Recreational vehicle market share by vehicle, 2017 & 2024

4.2. Motorhomes

4.2.1. Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.2.3.  Class A

4.2.3.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.3.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.2.4. 4.2.4  Class B

4.2.4.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.4.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.2.5. Class C

4.2.5.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.5.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.3. Towable RVs

4.3.1. Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.3.3.  Travel trailer

4.3.3.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.3.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.3.4. Fifth wheel

4.3.4.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.4.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

4.3.5. Tent trailer

4.3.5.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.5.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

Chapter 5.    Market, By Fuel

5.1. Global market share by fuel, 2017 & 2024

5.2. Gasoline

5.2.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.2.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

5.3. Diesel

5.3.1.  Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.3.2.  Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/recreational-vehicles-market

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