Market Research Report
Global Caravan and Motor Market Size study, by Type (Class A, Class B, Class C), by end-use(Fleet Owners, Direct Buyers ) and Regional Forecasts 2021-2027
|Published by||Bizwit Research & Consulting LLP||Product code||1009761|
Delivery time: 2-3 business days
|Global Caravan and Motor Market Size study, by Type (Class A, Class B, Class C), by end-use(Fleet Owners, Direct Buyers ) and Regional Forecasts 2021-2027|
|Published: June 5, 2021||Content info:||
Global Caravan and Motor Market is valued at approximately USD 9.35 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2021-2027. Motorhomes are commonly utilized for a variety of activities, including festivals, concerts, and multi-day events, in addition to vacation activities. Motorhomes have the extra benefit of saving up to 55 percent on vacation costs when compared to other traditional vacation activities. The aforementioned advantages have been driving up demand for motorhomes in the market in recent years, and this trend is expected to continue during the projected period. Growing demand for recreational vehicles (RV) is fueling the market growth. According to a study commissioned by the Recreation Vehicle Industry Association (RVIA), December 2020 manufacturer survey, the total number of RV shipments in December 2020 is expected to be 40,382 units, up 46.8% from the 27,516 units sold in December 2019. The total number of motorhomes supplied in December 2020 was predicted to reach 3,878 units, up 35.3 percent from the 2,867 units sent in December 2019.
To provide better products and services to clients in the Caravan and Motor Market, key businesses have implemented tactics such as business expansion, collaboration, acquisition, and product introduction. For instance,
However, high maintenance cost of recreational vehicles may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Caravan and Motor Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to growing demand for motorhome rentals in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing emphasis on travel and tourism across APAC.
Major market player included in this report are:
Thor Industries, Inc.
Winnebago Industries, Inc.
Dethleffs GmbH & Co. KG
Hymer GmbH & Co. KG
Forest River Inc.
The Swift Group
Tiffin Motorhomes Inc.
Triple E Recreational Vehicles
BURSTNER GMBH & CO. KG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End use:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.
Target Audience of the Global Caravan and Motor Marketin Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures