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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Recreational Vehicle (RV) Market Outlook

The global recreational vehicle (RV) market is expected to grow at a CAGR of 5% during the forecast period 2024-2032.

Global Recreational Vehicle Market

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The rising trend by rental operators of renting recreational vehicles (RVs) to expand their RV fleet size to match the increasing demand from clients is projected to aid the market growth. The use of RVs has also significantly improved worldwide, not only for tourism and holiday purposes but also for festivals, events, and multi-day activities, which is further driving the industry growth.

Market Segmentation

A recreational vehicle is a type of motor vehicle or trailer that is equipped with amenities and designed for temporary dwelling.

Global Recreational Vehicle Market

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The global recreational vehicle (RV) market can be segmented based on type into:

  • Towable RVs
    • Travel Trailers
    • Fifth Wheel Trailers
    • Folding Camp Trailers
    • Truck Campers
  • Motor Homes
    • Type A
    • Type B
    • Type C

The EMR report looks into the regional recreational vehicle (RV) markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

In order to maintain recreational vehicle market position, factors including the advent of cost-sharing ownership in a rental framework are expected to play a significant role in the segment of towable recreational vehicles (RVs). The market is also being aided by factors such as the growing acceptance of recreational vehicles (RVs) by various generations of customers, increased exposure leading to increased revenues, and the incorporation of sophisticated techniques into RVs. However, the recreational vehicle (RV) ownership issues and market sensitivity to macroeconomic factors may hinder the growth of the recreational vehicle industry during the forecast period.

Global Recreational Vehicle Market

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global recreational vehicle (RV) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Thor Industries Inc. (NYSE: THO) 
  • Forest River Inc. 
  • Winnebago Industries Inc.  
  • REV Group Inc. 
  • Nexus RVS LLC
  • Tiffin Motorhomes Inc. 
  • Triple E Canada Ltd.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Region
Breakup by Type
  • Towable RVs
  • Motor Homes
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thor Industries Inc.
  • Forest River Inc.
  • Winnebago Industries Inc.
  • REV Group Inc.
  • Nexus RVS 
  • Tiffin Motorhomes Inc. 
  • Triple E Canada Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Recreational Vehicle Market Report Snapshots

Recreational Vehicle Market Size

Recreational Vehicle Market Analysis

Recreational Vehicle Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global recreational vehicle (RV) market is projected to grow at a CAGR of 5% between 2024 and 2032.

The major drivers of the industry, such as the rising use of the products, increased exposure leading to increased revenues, and the incorporation of sophisticated techniques into RVs, are expected to aid the market growth.

The key market trend guiding the industry growth includes the expanding RV fleet by rental operators of renting recreational vehicles (RVs) to meet the increasing demand from clients.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Towable RVs and motor homes are the leading types of the product in the industry.

The major players in the industry are Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., REV Group Inc., Nexus RVS, and Tiffin Motorhomes Inc., Triple E Canada Ltd., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124