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The global recreational vehicle (RV) market is expected to be driven by the rising supply and increase in the number of industry players in the next few years. A growing demand for hotel as well as resort charges is anticipated to improve the luxury vehicle market, which is an inexpensive and versatile choice for organisers.
In January 2021, one of the key players, Thor Industries Inc. (NYSE: THO), announced the establishment of a new subsidiary Hymer USA, which uses European manufacturing procedure, and automation and control standards – the first for North American rental car industry, to produce and market recreational vehicles (RVs). During the fourth trimester of the calendar year 2021, Hymer USA will have its own headquarters during Bristol, Indiana. Such expansions and developments by the key players are expected to have a positive impact on the market.
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The major key players in the global recreational vehicle (RV) market include companies like Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., REV Group Inc., Nexus RVS LLC, Tiffin Motorhomes Inc., Triple E Canada Ltd., and others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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