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Goldstein Research analyst forecast that the recreational vehicle units sales are expected to reach 850.0 thousand units by 2024.To get more details read our report: https://www.goldsteinresearch.com/report/global-recreational-vehicle-rv-market
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Global Recreational Vehicle Market Outlook Global Recreational Vehicle Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India Report Code :HC 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Recreational Vehicle Market Outlook Global Recreational Vehicle Market Size USD (Billion). 2016-2024 Sample Request XX% CAGR: (2016-2024) The US recreational vehicle (RV) market is expected to increase XX percent annually to USD XX billion in 2017. The market contracted sharply in the 2007-2012 period, affected by the 2007-2009 economic recession and its resulting rise in unemployment, drop in credit availability, and deterioration of general financial markets. Following this collapse, the industry has begun to improve but will not approach pre-recession total sales for another decade. Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Recreational Vehicle Market Outlook Global Recreational Vehicle Market Share(%), By Product Type-2016 Global Recreational Vehicle Market Share (%), By Application -2016 Advances will be further aided by demographic trends, including continued growth in the 55 to 64-year-old cohort, the traditional purchasers of recreational vehicles, as well as rising interest among younger customers. Competition from a vast used recreational vehicle market will restrain further growth to a degree. Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-recreational-vehicle-rv-market Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Recreational Vehicle Market Outlook • Most U.S. RV exports go to Canada, with only a small percentage going to other markets. Though Canada is expected to account for over XX percent of all U.S. exports through 2018, emerging markets will offer the greatest opportunities for growth. • There are over XX RV manufacturers and XXX component parts suppliers in the United States. According to the Recreation Vehicle Industry Association (RVIA), the U.S. RV industry has a total economic impact of USD XX billion, supporting XXX thousand jobs and generating USD XX billion in taxes. • RV manufacturers and suppliers are predominately small and medium-sized enterprises (SMEs). The industry is also highly concentrated. Over XX percent of U.S.-made RVs are produced in Indiana, with the majority in Elkhart County Sample Request Growing Middle Class- Class Consumers More Affordable Options Sample Growing Car Rental and RVs Rental Industry Emerging Markets Global Recreational Vehicle Market Size (USD Billion) Europe North America Asia-Pacific USD XX Billion 2016 USD XX Billion USD XX Billion USD XX Billion 2024 USD XX Billion USD XX Billion Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Recreational Vehicle Market Outlook • Large RV companies have economies of scale in production and distribution. Some large motorhome manufacturers produce their own chassis. A motorhome chassis typically includes the vehicle frame, engine, transmission, axles, wheels, brakes, cooling system electrical system, steering system, suspension and instrumentation. Most motorhome manufacturers purchase chassis from third party manufacturers. Small companies compete successfully by concentrating in specialty products or components. Sample Request Growing Middle Class- Class Consumers More Affordable Options Sample Growing Car Rental and RVs Rental Industry Emerging Markets Global Recreational Vehicle Market Size (USD Billion) Europe North America Asia-Pacific USD XX Billion 2016 USD XX Billion USD XX Billion USD XX Billion 2024 USD XX Billion USD XX Billion Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Research Methodology Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources. Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the on-going and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analyzed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis Sample Research Methodology Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Recreational Vehicle Market Size (USD Billion) & Growth Analysis Global Recreational Vehicle Market Size (USD Billion)-2016-2024 Sample Request Sample Source: Goldstein Research • Global Recreational Vehicle Market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Other notable characteristics of the industry are that production is labor intensive and the workforce is highly skilled. It is also highly entrepreneurial and innovative as manufacturers increasingly produce lightweight towable RVs and smaller, fuel-efficient motorhomes. • Green technologies, such as solar panels, are appearing on a growing number of RVs. The U.S. industry takes great pride in maintaining that it can build high quality, affordably priced RVs to almost any specification and need. • The United States is the world’s largest producer of RVs, producing more than twice as many RVs as the rest of world combined. Because domestic demand has been so strong in recent years (temporarily exceeding supply at times), many manufacturers have not sought opportunities in other markets, with the exception of Canada. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Growth Drivers • Growing Middle Class Families and Income • Growing numbers of middle-class consumers with increasing discretionary income in a number of countries, particularly emerging markets, provide tremendous opportunities for U.S. exports of RVs. Also, rising numbers of consumers in these countries are becoming interested in RVs, camping and the “RV lifestyle.” For a number of U.S. manufacturers that have been involved in exporting, much of their attention to date has focused on emerging RV markets in Asia – particularly China, Korea and Japan. • While U.S. RV manufacturers face competition in emerging markets from European manufacturers (particularly German and Slovenian), many consumers prefer U.S.-made RVs because they can be outfitted with features that European models cannot provide at a comparable price. European-built RVs do not have slideouts and tend to be smaller and more expensive than U.S. models. • Under RVIA’s 2012-2015 MDCP award, RV exports to China, Korea and Japan exceeded $143 million. Continued U.S. government support of RVIA’s 2015- 2018 MDCP award and programs and initiatives in these countries will help increase opportunities for U.S. exporters in both the near and long-terms. Top RV Export Markets (%) through 2018 Frequency & Percent of RVs Manufactured Sample High Medium Low Impact on Global Recreational Vehicle Market Source: Goldstein Research Source: Goldstein Research • Impact Analysis:- • Gains in value terms will outperform those in unit terms for all types of recreational vehicles as prices continue to rise. Much of the rebound in sales will continue to be supported by the high-end market as more affluent consumers demonstrate ongoing preference for recreational vehicles with high-tech accessories and more home-like amenities. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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