Recreational Vehicle Market Growth Potential & Forecast, 2026

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Recreational Vehicle Market Share, Trend Growth
Forecast to 2026
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Key Insights Recreational Vehicle Market

• The recreational vehicle market is poised to
  garner sizable growth on account of increasing
  adoption of electric recreational vehicles.
  Organizations like the U.S. Environmental
  Protection Agency and the European Union are
  implementing stringent norms to promote the
  adoption of electric vehicles. These regulations
  have encouraged manufacturers to develop electric
  versions of their RVs.
• However, rampant spread of the COVID-19 virus has
  dampened the growth of recreational vehicles
  market. With the imposition of nationwide
  lockdowns alongside strict guidelines by federal
  authorities to compel people to stay indoors to
  curb the spread of the virus, recreational
  activities have seen a drastic decline in past
  few months.

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Continued

• Rise in inclination towards recreational
  activities like camping and strong growth in
  consumer spending have boosted the demand for RVs
  over the years. estimates that the recreational
  vehicle market might touch USD 64 billion by the
  year 2026. Increasing availability of
  customization RV models by manufacturers that
  fulfill specific customer requirements could
  further enhance business outlook.
• Additionally, limitations on international trade
  owing to the surging restrictions could play a
  significant role in adversely impacting the
  automobile sector. Meanwhile, factors like
  shortage of critical components, labor, and raw
  materials might hinder the production
  capabilities of automotive companies. According
  to a report, automotive sales are likely to
  decrease by 14-22 among regions like the US,
  Europe, and China throughout 2020.

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Major Companies Recreational Vehicle Market

• Thor Motor Coach
• Tiffin Motorhomes Inc.
• Van Specialties
• Venture RV
• Winnebago Industries.

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Regional Recreational Vehicle Market

• On the geographical forefront, Europe is
  considered as a lucrative market for recreational
  vehicle manufacturers and is projected to observe
  noteworthy growth within the predicted timeframe.
  This growth can be attributed to increasing
  integration of advanced solutions like smart
  devices and high-speed connectivity in RVs.
  Manufacturers are delivering innovative features
  and appliances to enhance their products
  functionality. Proliferating demand for
  semi-autonomous vehicles equipped with advanced
  solutions could strengthen industry outlook over
  the forthcoming years.

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