RECREATIONAL VEHICLES MARKET скачать в хорошем качестве

RECREATIONAL VEHICLES MARKET

The rising demand for indoor and outdoor recreational activities among the population is driving the growth of the recreational vehicles (RV) industry. RVs are gaining popularity due to cost-saving opportunities provided to the families to spend their vacations. Recreational Vehicles are 20-60% cheaper than the traditional vacation at a hotel, bed and breakfast, or a similar type of accommodation. The US holds the largest RV market share globally both in terms of production and sales. The revenue in the US RV market is expected to reach around $18 billion in 2020 and is likely to continue to grow by 2025. The growth in tourism and camping culture is further expected to propel the growth of the RV industry. Key Insights from the RV Market Include: The towable Recreational Vehicles dominated the market, with conventional travel trailers generating the largest share of revenue of approximately 36% in 2019, followed by Class A motor homes. In North America, the towable Recreational Vehicles segment would continue to dominate the market revenue.# In Europe, motorized vehicles are projected to retain its dominance, generating approximately over $3 billion incremental revenue by 2025. The RV market in APAC is expected to witness the fastest growth at a CAGR of over 11% during the forecast period. Read more at https://www.arizton.com/market-report... The Use of Smart and Autonomous Technology The manufacturers are continuously focusing on incorporating innovative designs to differentiate their products to gain competitive advantage in the global Recreational Vehicles market. The global RV market grew by 200% in the last decades. The adoption of automotive and smarter technology that allows easy control and monitoring will boost the growth of the market during the forecast period. Girard Guard is implementing new voice activation features such as “Alexa-enabled” which will help in controlling lights, awnings, and entertainment in RVs. Leading companies are offering system that provides a smoother ride, while also giving control of the suspension and leveling RV functions on the smartphone or onboard touchpad. Some other features that are include via automation and smart technology include smart control apps, that enable RV owners to remotely monitor and control indoor temperature, propane tanks, battery power, water levels, lights, ventilation, and more The Recreational Vehicles market is highly competitive based on price, design, value, quality, insurance coverage, and service. With the growing trend, the vendors in RV market are expanding its reach through the online segment which is booming globally. Millennials Influencing RV Market Growth The travel and tourism industry have significantly influenced the millennial population across the globe which is looking for Recreational Vehicles than traveling to new destinations via different modes. With the increase in the number of millennial campers, the market is observing a trend of people enjoying outdoor recreational activities and driving the demand for RVs. According to Arizton’s research, in 2018, 44% of the campers were interested in traveling in RVs to different destinations, such factors are likely to increase the demand in the future. Read more at https://www.arizton.com/market-report...