Harrisburg, NC -- (SBWIRE) -- 02/14/2019 -- Global Recreational Vehicle (RV) Market : Size, Trends & Forecasts (2019-2021) provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Recreational Vehicle (RV) Market.
the global recreational vehicles market was valued at around USD 38.48 billion in 2017 and is expected to reach approximately USD 64.25 billion by 2024, with a CAGR of 7.6 % between 2017 and 2024.
The report also profiles key market players such as- Thor Industries , Winnebago , Berkshire Hathaway (Forest River), REV Group on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.
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Essential points covered in Global Recreational Vehicle (RV) Market 2019 Research are:-
Regional Coverage for Recreational Vehicle (RV)- The US
What will the market size and the growth rate be in 2021?
What are the key factors driving the global Recreational Vehicle (RV) market?
What are the key market trends impacting the growth of the global Recreational Vehicle (RV) market?
What are the challenges to market growth?
Who are the key vendors in the global Recreational Vehicle (RV) market?
What are the market opportunities and threats faced by the vendors in the global Recreational Vehicle (RV) market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global Recreational Vehicle (RV) market?
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A vehicle that consolidates transportation and transitory living quarters for travel, entertainment and outdoors is called a recreational vehicle (RV). In other words, an RV is a vehicle designed for recreational use, as in camping.
A century prior, the promotion of the car, enhancing streets and America's enthusiasm for exploration offered ascend to mass-created, manufactured recreational vehicles, and the RV business was conceived. In 1910, there were few service stations, few cleared streets and no parkway/highway framework. However, there were RVs. 1910 is the year that America's leading historians of RV _ David Woodworth, Al Hesselbart and Roger White _ refer to as the start of what has turned into the cutting edge RV industry. The US is of the primary markets for the recreational vehicle industry. In the US, the propelled RV industry had its beginnings in the late 1920s and 1930s (not long after the methodology of the vehicles business), where different associations began delivering house trailers or trailer coaches, as they were then called.
There are many advantages of owning and travelling in an RV, such as flexibility, convenience, comfort, family appeal, affordability, lure of the outdoors and versatility. The people who cannot afford an RV or are not frequent travelers, the RVs are available on the rent.
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The RVs can be majorly segmented into Motorized (Motorhomes) and Towable RVs. Motorized RVs can be further sub segmented into Type A, Type B and Type C. The Towable RVs can also be sub segmented into Travel Trailer, Fifth Wheel Trailer, Folding Camping Trailers, Truck Campers and Park Model.
A recreational vehicle park (RV stop) or train park is a spot where people with recreational vehicles can stay overnight. The facilities provided by RV parks are expanding and enhancing year on year. Another idea of RV resorts has likewise created as of late.
The US RV market has grown at a healthy rate in the last few years, especially after recovering from US financial crisis and economic slowdown. The growth of the US RV industry is supported by increase in US GDP, favorable interest rate, crude oil prices and demographic factors, and growth in travel and tourism in the US. Yet there are some challenges, which this industry faces, such as accidents of RVs, different manufacturing compliance, huge outlay of money, etc.
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