North America Recreational Vehicles Market to hit $20.24 Bn Globally in 2020
Zion Market Research has published a new report titled “Recreational Vehicles Market (Motorhomes (Type A, Type B, and Type C) and Towable RVs): North America Market Perspective, Comprehensive Analysis and Forecast 2014 - 2020.” According to the report, North America’s demand for Recreational Vehicles industry was valued at USD 16 billion in 2014 and is expected to reach USD 20.24 billion in 2020, growing at a CAGR of 4.1% between 2015 and 2020. In terms of volume, the North America recreational vehicles market stood at 345 thousand units in 2014.
A recreational vehicle is a motorized or towable vehicle that combines transportation and temporary living quarters for travel, recreation, and camping activities. Recreational vehicles do not include mobile homes, off-road vehicles, snowmobiles or conversion vehicles. Recreational vehicles include automobiles or towable trailers specifically designed or tailored for leisure activities such as vacations and camping, both on and off highways. Recreational vehicles include features such as sleeping, kitchen, and bathroom facilities for use during travel and camping. Recreational vehicles are subject to the same registration and licensing as other automobiles, and may have to abide by specific laws.
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The recreational vehicle's market in North America has tremendous potential to grow in the near future owing to the materialization of certain trends, such as an increase in ownership affordability. Consumers are increasingly purchasing more recreational vehicles as they save over 59 percent on their vacation costs over other forms of travel. However, increased dealer interest in recreational vehicles auctions hinders the growth of the recreational vehicle's market in North America. In North America, many dealers have been participating in auctions either to acquire pre-owned RVs or to dispose of used RVs, thus challenging the growth of the market in the region.
Motorhomes and towable recreational vehicles are the two major segments of the recreational vehicle industry. Recreational vehicles market in North America was dominated by the towable recreational vehicles with over two-third share of the market in 2014. Motorhomes account for the relatively smaller share in the recreational vehicle's market in North America. Motorhomes market is further classifies as type A, type B, and type C motorhomes. Type A motorhomes segment dominates the market segment with over 40% share of the total market in 2014.
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The recreational vehicle's market is also segmented based on ownership. New recreational vehicle buyers accounted for one-third of the total recreational vehicles market in 2014. Pre-owned recreational vehicles market is twice in market size as compare to new vehicles.
The recreational vehicle's market in North America is fragmented because of the presence of many vendors and a variety of products. Some of the leading industry participants operating in the North America recreational vehicles market include Eclipse RV, Gulf Stream Coach, Northwood Manufacturing, Palomino, and Thor Industries
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A recreational vehicle is a motorized or towable vehicle that combines transportation and temporary living quarters for travel, recreation, and camping activities. Recreational vehicles do not include mobile homes, off-road vehicles, snowmobiles or conversion vehicles. Recreational vehicles include automobiles or towable trailers specifically designed or tailored for leisure activities such as vacations and camping, both on and off highways. Recreational vehicles include features such as sleeping, kitchen, and bathroom facilities for use during travel and camping. Recreational vehicles are subject to the same registration and licensing as other automobiles, and may have to abide by specific laws.
Request Sample Report: http://bit.ly/2dq3hbl
The recreational vehicle's market in North America has tremendous potential to grow in the near future owing to the materialization of certain trends, such as an increase in ownership affordability. Consumers are increasingly purchasing more recreational vehicles as they save over 59 percent on their vacation costs over other forms of travel. However, increased dealer interest in recreational vehicles auctions hinders the growth of the recreational vehicle's market in North America. In North America, many dealers have been participating in auctions either to acquire pre-owned RVs or to dispose of used RVs, thus challenging the growth of the market in the region.
Motorhomes and towable recreational vehicles are the two major segments of the recreational vehicle industry. Recreational vehicles market in North America was dominated by the towable recreational vehicles with over two-third share of the market in 2014. Motorhomes account for the relatively smaller share in the recreational vehicle's market in North America. Motorhomes market is further classifies as type A, type B, and type C motorhomes. Type A motorhomes segment dominates the market segment with over 40% share of the total market in 2014.
Request For Free Pries Quotations http://bit.ly/2nx4PFy
The recreational vehicle's market is also segmented based on ownership. New recreational vehicle buyers accounted for one-third of the total recreational vehicles market in 2014. Pre-owned recreational vehicles market is twice in market size as compare to new vehicles.
The recreational vehicle's market in North America is fragmented because of the presence of many vendors and a variety of products. Some of the leading industry participants operating in the North America recreational vehicles market include Eclipse RV, Gulf Stream Coach, Northwood Manufacturing, Palomino, and Thor Industries
Do Inquiry before buying: http://bit.ly/2c6L7GV
About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Joel John
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com