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Friday, December 30, 2022

Demand From The Rental Agencies Will Drive The Global Recreational Vehicle (RV) Market By A CAGR Of 5.0% In The Forecast Period Of 2021-2026

 The new report by Expert Market Research titled, ‘Global Recreational Vehicle (RV) Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global recreational vehicle (RV) market, assessing the market based on its segments such as type and major regions including Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 5.0%

A key factor for the growth of recreational vehicles (RVs) is the increasing demand for RV from rental agencies. These agencies are expanding their RV fleet as the demand is continuously increasing worldwide. Along with the increased demand for tourism and holiday purposes, the demand for RVs has also increased for festivals, events, and multi-day, which is also providing market growth.

Industry Definition and Major Segments

Recreational vehicles are vehicles that provide the facility to travel and the temporary facility of quarters for staying, camping or recreation.

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The market can be broadly categorised based on type into:

• Towable RVs
• Motor Homes

The regional markets for data centre security solutions include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The price of a recreational vehicle plays a significant role in the recreational vehicle industry; hence, cost-sharing ownership in the rental framework is anticipated to play a key role in the market. Moreover, growing acceptance of the RVs in the younger generation and the emerging economies is also expected to drive market growth. In addition, rising exposure leading to increased revenues, and the incorporation of sophisticated techniques into RVs is also motivating the market. In the emerging economies, the COVID-19 pandemic may have a negative effect on RV however, in developed economies, the negative impact was comparatively lower, especially in North America.

Key Market Players

The major players in the market include Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., REV Group Inc., Nexus RVS LLC, Tiffin Motorhomes Inc., Triple E Recreational Vehicles among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

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Contact Person: Anisha Luccas, Business Consultant
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