North America Recreational Vehicle Market report for –by product type (motorhomes, toy haulers, fifth wheels, destination trailers, and camping trailers) –by application (leisure activities and business activities)-By fuel (gasoline and diesel)-By Region (U.S and Canada)) – is expected to reach US $ 16.80 Bn by 2026, at a CAGR of 4.80%.
Recreational vehicles are vehicles which are designed for camping use. It include motorized vehicles and trailers, which can be used both on and off highways. These vehicle are equipped with basic facilities such as sleeping facilities, bathroom, and a kitchen.
Increase in consumer spending on recreational and tourism activities are boosting the growth in the recreational vehicle’s market. Growing recreational vehicle parks along with the introduction of several modified facilities for recreational vehicle owners to improve their camping experience is further consolidate the recreational vehicles business. The high cost associated with the acquisition and maintaining of the recreational vehicles are hampering the growth in the recreational vehicle market.
A recreational vehicle is a vehicle that combines transport and temporary living accommodations for travel, entertainment and outdoors. In other words, a recreational vehicle is a vehicle designed for frivolous use, as in camping. The recreational vehicle offers many benefits such as flexibility, convenience, comfort, family appeal, affordability, the enticement of the outdoors and adaptability. The people who cannot afford recreational vehicle have an option for the availability of it for the rent. People who have recreational vehicles can stay overnight which is frequently known as recreational vehicle park or RV stop.
Recreational vehicle introduces smart feature in the forecast period.
Younger recreational vehicle travelers can see the advance feature such as the pre-wired solar capability, pass-thru showerhead feature that allows easy peripheral clean-up of equipment and the pop-up USB/110 charging station in the recreational vehicle. These features will help to access alternative energy, the capability to play outdoors and stay connected to technology while camping.
Fifth Wheel Gooseneck Adapter offers more benefits in the recreational vehicle.
A Gooseneck Adapter is a device which can attach to the Fifth Wheel trailers kingpin and extend it down to couple with a vertically mounted ball hitch. This adapter converts a fifth wheel trailer to a gooseneck trailer. The chief reason for people to consider the gooseneck adapter is to free up the bed. If a perfectly flat bed has to be desired, numerous removable, folding, or pop-up ball hitches are available in the market.
Major opportunities for U.S. key players in the forecast period.
Support of International trade association for the recreational vehicle programs and initiatives in China under the association’s 2015-2018 Market Development Cooperator Program (MDCP) award are indicating the increase opportunities for U.S. exports is for recreational vehicle industry. U.S. industry has provided recreational for adversity assistance purposes to Japan and other countries as well.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Winnebago Industries, Inc. ,Tiffin Motorhomes Inc. , Starcraft RV, Inc. ,Jayco, Inc. ,Heartland Recreational Vehicles, LLC ,Airstream ,Thor Industries Inc. ,REV Group Inc. ,Northwood Manufacturing, Palomino RV, Coachmen RV, a Division of Forest River, Inc. and Forest River, Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the North America recreational vehicle market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the North America recreational vehicle market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain North America recreational vehicle market positioning of competitors.
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