Recreational Vehicle Market: Regional Trend & Growth Forecast To 2028

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Recreational Vehicle Market 2022-2028 Growth
Forecast Industry Share Report
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• Industry Insights

• As per a recent research report, the global
  recreational vehicle market size could surpass a
  valuation of USD 135 billion by 2028.
• The global recreational vehicle market has been
  experiencing unprecedented growth for quite a
  while. The primary factors positively influencing
  the business landscape are the ever-growing
  interest in travel and road trips, increasing
  desire to experience an active outdoor lifestyle,
  and rising inclination towards other recreational
  activities like camping, sports, etc. Increasing
  emphasis on travel and tourism and raising
  awareness about the mental well-being and health
  benefits associated with being outdoors coupled
  with the fueling wanderlust among the younger
  population will boost the adoption of
  recreational vehicles in the times to come.
• As per the World Travel and Tourism Council
  report 2021, the tourism sector is expected to
  witness promising growth opportunities in both
  domestic and international markets in 2022 and
  beyond. The report projected the travel tourism
  GDP to ascend by nearly 30 in 2021 and 31 in
  2022.

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• These favorable statistics are mainly driven by
  the increasing urge to travel outdoors and
  consistently rising disposable incomes globally,
  creating a pool of opportunities for the global
  RV market in the coming years.
• The growing environmental concerns and increasing
  reliance on clean energy have pushed RV industry
  players to innovate products with higher fuel
  efficiency, minimal emissions, and improved
  cost-efficiency.
• Driven by these factors, in January 2022, Florida
  RV SuperShow came up with the Winnebago e-RV
  concept involving the utilization of clean
  energy.
• According to the March 2021 data by the RV
  Industry Associations survey of manufacturers,
  the total RV shipments during the first quarter
  of 2021 reached quite a record-breaking number.
• The emerging love for road trips, travel in
  comfort, and exploring the outdoors are the
  primary reasons supporting these increasing
  sales. Besides, the growing popularity of camping
  for outdoor recreation activities and its
  positive impacts on physical and mental
  well-being will foster the RV industry outlook in
  the coming years.

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• Regional Analysis

• The North America recreational vehicle market may
  project significant growth trends in the
  forthcoming years owing to the increasing
  inclination towards travel and outdoor
  recreational activities, leading to proliferating
  product demand.

• Competitive Analysis

• Forest RiverInc.
• Thor Industries
• GMC Motorhome
• Winnebago Industries
• Erwin Hymer
• Dethleffs GmbH Co. KG
• Auto-Trail VR Ltd.

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