Selbyville, Delaware According to the report titled ‘Global Recreational Vehicle (RV) Market a?? Analysis By Product Type (Motorhome, Towable), Fuel Type, End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global recreational vehicle (RV) market attained a valuation of USD 51.55 billion in 2019 and is expected to grow significantly through 2025.

As per the findings of the research literature, global recreation vehicle (RV) market is largely driven by escalating demand for travel and tourism, rising popularity of home-on-wheels, and changing lifestyles and customer choices. Growing demand for luxury vehicles for camping and travel industry is further expected to enhance the business landscape in the upcoming years.

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Speaking of the Covid-19 impact, recreational vehicles (RVs) have remained appealing for long trips amid the pandemic as these are generally equipped with restrooms, making them easier to use and adhere to physical distancing norms.

Based on product type, the market is split into towable and motorhome, among which, the former segment is gaining considerable traction and will likely showcase strong growth trends in the upcoming years.

In terms of fuel, gasoline is pulling the global recreational vehicle (RV) market from diesel segment owing to the comparatively lower cost.

Considering the end-user spectrum, the industry is bifurcated into domestic and commercial. Among these, domestic segment is slated to grow considerably over the assessment period, fueled by growing demand for homes-on-wheels in developed countries.

On the regional front, America industry size it anticipated to expand profusely over the forecast duration due to rising demand for luxury travel and camping. Besides, Europe and Asia Pacific are the other major markets in this domain.

Speaking of the competitive landscape, Triple E Recreational Vehicles, Hymer AG, Nexus RV LLC, Tiffin Motorhomes Inc., Columbia Northwest Inc., Trigano SA, Winnebago Industries Inc., REV Group Inc., and Thor Industries Inc. are top contenders in global recreational vehicle (RV) market sphere.

Expert analysts cite that development of eco-friendly vehicles as well as technical innovations for better customer experience will help industry players enhance their revenue generation capabilities in the upcoming years.

Questions & Answers: Global recreational vehicle (RV) Market

Q1: What are the major growth driving factors of global recreational vehicle (RV) market?

A: Global recreation vehicle (RV) market is largely driven by escalating demand for travel and tourism, rising popularity of home-on-wheels, and changing lifestyles and customer choices. Growing demand for luxury vehicles for camping and in travel industry is further expected to enhance the business landscape in the upcoming years.

Q2: Which are the leading players in global recreational vehicle (RV) market?

A: Triple E Recreational Vehicles, Hymer AG, Nexus RV LLC, Tiffin Motorhomes Inc., Columbia Northwest Inc., Trigano SA, Winnebago Industries Inc., REV Group Inc., and Thor Industries Inc. are the top-tier players in global recreational vehicle (RV) market sphere.

Q3: Why is America deemed a lucrative growth avenue in global recreational vehicle (RV) market?

A: Rising demand for luxury travel and camping in America is opening up new opportunities for businesses functioning in recreational vehicle market.

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