Market Research Report
Recreational Vehicle Market Size, By Vehicle (Motorhomes [By Class, [By Fuel ], Towable RVs [By Type ]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2027
|Published by||Global Market Insights Inc.||Product code||1000740|
|Published||Content info||300 Pages
Delivery time: 2-3 business days
|Recreational Vehicle Market Size, By Vehicle (Motorhomes [By Class, [By Fuel ], Towable RVs [By Type ]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2027|
|Published: April 14, 2021||Content info: 300 Pages||
The recreational vehicle market trends are likely to depict substantial business growth over the forthcoming time period due to the rising consumer spending on luxury vehicles, increasing demand for technologically advanced motorhomes, and shifting consumer preference towards camping and other recreational as well as leisure activities. Recreational vehicles or RVs come in numerous different shapes and size and can be hauled, driven or towed, usually without a special license.
These are both non-motorized and motorized vehicles that usually combine transportation as well as temporary living quarters for camping, recreation, and travel. Here, motorized RV means a motorhome built on a bus or truck chassis or a van chassis. Whereas non-motorized RV means a towable recreational vehicle, combining temporary quarters for living while travelling and transportation, camping or recreation that can be undone from the vehicle.
Most recreational vehicles are known to be self-contained, which means that they carry large supplies of water, also having separate holding tanks for wastewater and sewage water. These also have an integrated system for cooking, heat, sanitation, and electric power.
The recreational vehicle market is bifurcated in terms of vehicle and regional landscape.
In terms of product, the overall market is divided into towables and motorhomes. Among these, motorhomes product segment will witness robust growth over the coming years owing to numerous technological advancements in motorhome vehicles.
Motorhomes are convenient vehicles that allow the users a chance to get away from the city and go on a little adventure. The appeal of motorhomes is their ability to have the various amenities of a well-furnished home on a vehicle.
As compared to other products, motorhomes have various benefits that make them one of the ideal choices for travelers. These are more cost efficient as compared to other related products. Offering ample storage system, power management, self-sufficiency through solar panels, low-cost parks and free camping spots. Diesel-based motorhomes are much more fuel efficient in comparison to gas.
Motorhome users do not require accommodation since these have in-built beds, which saves a lot of time of the travelers in searching for a secure accommodation. All motorhomes also have various forms of cooking facilities which might be integrated in a separate space or within the living area.
From a regional frame of reference, rising consumer spending on luxury vehicles will support the Middle East & Africa market growth. While the caravan camping scene of UAE is fast growing, the infrastructure required for the activity to reach its overall potential is being developed equally as fast.
In fact, the Dubai Municipality has lately been promoting the Jebel Ali beach as an approved site for caravan camping. This would further allow adventurers to start planning their camping activities, thus increasing the demand for recreational vehicles in the region.