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Global Motorhome Vehicle Market Share, Size, Growth, Trends, Report, Forecast: By Type: Class A, Class B, Class C; By Application: Personal, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Motorhome Vehicle Market Outlook
The global motorhome vehicle market size reached a value of approximately USD 33.9 billion in 2022. The market is further expected to grow at a CAGR of 8.40% between 2023 and 2028, reaching a value of USD 54.5 billion by 2028.
Key Trends in the Market
A motorhome vehicle, also commonly known as an RV (recreational vehicle) is a large, self-propelled vehicle that provides living accommodation facility along with transportation. They are designed to function as contained living quarters with facilities that can include kitchens, storage spaces, bed rooms, bathrooms, and workspaces, among others, while traveling. These vehicles are quipped with their own driving chassis and engines and are classified into class A, B, and C, based on size and capacity.
- The key motorhome vehicle market trends include increasing travel and tourism activities owing to rising disposable incomes. The amenities provided by a motorhome vehicle include sleeping areas, portable toilets, bathrooms, mobile kitchens, and recreational workspaces, among others. Increasing number of tourists are opting for motorhomes as availability of such amenities makes travel more convenient for them.
- Growing popularity of nomadic lifestyles is another crucial trend positively contributing towards the growth of the market for motorhome vehicles. With rising prevalence of remote working, more people are turning to motorhomes for full-time accommodation while being able to travel, which is anticipated to propel the motorhome vehicle market share in the upcoming years.
- With the surge in demand for motorhomes, more consumers are opting for luxurious motorhome vehicles at higher price points. These luxurious motorhome vehicles are typically equipped with improved features and facilities, providing greater comfort to travellers. Rising disposable incomes and increased interest in luxury motorhome vehicles are expected to boost the motorhome vehicle market price.
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Market Analysis
On the basis of type, the market is segmented into Class A, Class B, and Class C. Based on application, the market is bifurcated into personal and commercial. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global motorhome vehicle market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Thor Industries, Inc.
- Winnebago Industries, Inc.
- REV Group, Inc.
- Triple E Canada Ltd.
- Forest River, Inc.
- Westfalen Mobil GmbH
- Hymer GmbH & Co. KG
- Newmar Corporation
- Bürstner GmbH & Co. KG
- InTech
- Others
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Market Share by Application
According to motorhome vehicle market reports, personal applications are anticipated to hold a significant portion of the market over the forecast period. Living in motorhomes is becoming increasingly popular in various regions across the globe as the costs of living in motorhomes are significantly lower. With motorhomes, expense including mortgage/rent, and utilities, among others are spared, thus significantly reducing the cost of living. Another factor aiding the motorhome vehicle market growth includes growing popularity of minimalistic lifestyles among the urban population. For part-time travelling for leisure purposes, motorhomes remove the need for booking accommodations while travelling, increasing their appeal for personal applications. Additionally, development of road infrastructure and vehicle parks in various countries is further propelling the growth of the personal applications of the market for motorhome vehicles.
Market Share by Region
Based on the motorhome vehicle market research, North America is expected to account for a major portion of the market over the forecast period owing to increase popularity of motorhomes among the population of the region. Growing number of millennials in North America are opting for motorhome households due to benefits such as inexpensive price ranges as compared to traditional homes and the flexibility of traveling while working. Another crucial factor aiding the growth of the market in North America include rising demands for motorhome rental services and vehicles. Furthermore, increasing travel and tourism in the North American region is also boosting the popularity of motorhomes.
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Competitive Landscape
Thor Industries, Inc. is a travel trailer and camper company that was founded in 1980 and is headquartered in Indiana, United States. They are one of the world’s largest manufacturers of recreational vehicles. The company is known for selling motorised and towable RVs through their subsidiary brands including Jayco and Heartland RV, among others.
Winnebago Industries, Inc. is a recreational vehicle manufacturing company that was founded in 1958 and is based in Minnesota, United States. Among other products, Winnebago also manufacturers light to medium utility vehicles. They are devoted towards providing their customers with extraordinary mobile life experiences as they live, travel, play, and work.
REV Group, Inc. is a speciality vehicle manufacturing company that was founded in 2010 and is headquartered in Wisconsin in the United States. They are the leading manufacturers and designers of speciality vehicles and related services and parts. They provide customised vehicle solutions for commercial infrastructure, public services, and leisure, among others.
Other market players include Triple E Canada Ltd., Forest River, Inc., Westfalen Mobil GmbH, Hymer GmbH & Co. KG, Newmar Corporation, Bürstner GmbH & Co. KG, and InTech, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Motorhome Vehicle Market Analysis
8.1 Key Industry Highlights
8.2 Global Motorhome Vehicle Historical Market (2018-2022)
8.3 Global Motorhome Vehicle Market Forecast (2023-2028)
8.4 Global Motorhome Vehicle Market by Type
8.4.1 Class A
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Class B
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Class C
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Motorhome Vehicle Market by Application
8.5.1 Personal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Motorhome Vehicle Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Motorhome Vehicle Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Motorhome Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Motorhome Vehicle Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Motorhome Vehicle Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Motorhome Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thor Industries, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Winnebago Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 REV Group, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Triple E Canada Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Forest River, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Westfalen Mobil GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Hymer GmbH & Co. KG
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Newmar Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Bürstner GmbH & Co. KG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 InTech
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Motorhome Vehicle Market: Key Industry Highlights, 2018 and 2028
2. Global Motorhome Vehicle Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Motorhome Vehicle Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Motorhome Vehicle Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Motorhome Vehicle Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Motorhome Vehicle Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Motorhome Vehicle Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Motorhome Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Motorhome Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Motorhome Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Motorhome Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Motorhome Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Motorhome Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Motorhome Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Motorhome Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Motorhome Vehicle Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Motorhome Vehicle Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Motorhome Vehicle Market Structure
Key Questions Answered in the Report
The market size reached a value of approximately USD 33.9 billion in 2022.
The market is expected to grow at a CAGR of 8.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 54.5 billion by 2028.
The major market drivers include increasing travel and tourism activities, support of advanced features in motorhome vehicles, and improvements in roadways infrastructure. automotive sector, and increasing preference for customised automobiles.
The key trends influencing the market include growing environmental concerns, rising commercialisation, rising demand for luxury motorhomes, and increasing popularity of full-time living in motorhomes.
A luxury motorhome includes high end amenities and features often absent in regular motorhomes such as heated floors, high end appliances and furniture, and thermal pane windows, among others.
The significant applications of motorhome vehicles in the market are personal and commercial.
The various types of motorhome vehicles in the market are Class A, Class B, and Class C.
A motorhome is a recreational vehicle that offers mobile living accommodation and transportation at the same time.
The key players in the global motorhome vehicle market are Thor Industries, Inc., Winnebago Industries, Inc., REV Group, Inc., Triple E Canada Ltd., Forest River, Inc., Westfalen Mobil GmbH, Hymer GmbH & Co. KG, Newmar Corporation, Bürstner GmbH & Co. KG, and InTech, among others.
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