Recreational Vehicles Market Research Report—Global Forecast till 2032

Recreational Vehicles Market Research Report Information By Type (Integrated/Semi-integrated/Aclove motorhomes, Campervans, and Vans), By Application (Business and Leisure), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/6068-CR | 100 Pages | Author: Swapnil Palwe | September 2022         

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Recreational Vehicles Market Overview:


The Recreational Vehicles Market Size was valued at USD 45.9 Billion in 2022. The Recreational Vehicles market industry is projected to grow from USD 48.87 Billion in 2023 to USD 80.83 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.49% during the forecast period (2023 - 2032). The availability of recreational vehicle rental services and increasing growth in the tourism sector are the key market drivers enhancing the market growth.


Recreational Vehicles Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Recreational Vehicles Market Trends


Increasing adoption of advanced technologies is driving the market growth


The rising adoption of advanced technologies drives Market CAGR for weight loss supplements. The recreational vehicle industry has slowly adopted advanced technologies, but this is changing rapidly. Manufacturers are incorporating solar panels, lithium-ion batteries, and smart home automation systems into their vehicles, making them more eco-friendly and energy-efficient. RVs are also becoming more connected, with features such as Wi-Fi hotspots, mobile apps, and integrated GPS systems becoming increasingly common. The growth of digital marketing and e-commerce has significantly impacted the recreational vehicle industry. RV manufacturers and dealerships increasingly turn to online channels to reach customers, offering virtual tours, online booking, and delivery services. The growth of social media influencers and online communities has also helped promote the RV lifestyle and connect like-minded travelers.


While larger motorhomes continue to dominate the market, there has been a rising demand for lightweight and compact RVs that are easier to maneuver and park. Manufacturers are reacting to this trend by offering a range of smaller vehicles, such as teardrop trailers, pop-up campers, and Class B motorhomes. These vehicles offer a more minimalist and affordable RV experience and are particularly popular among younger and more budget-conscious travelers. As concerns over climate change continue to prevail, there has been a ride towards sustainable and eco-friendly travel. RV manufacturers are restoring this trend by collecting more eco-friendly features like solar panels, LED lighting, and adequate heating and cooling systems. The growth of electric and hybrid vehicles is also expected to impact the recreational vehicle market in the coming years.


The rising demand for motorhomes, the most popular type of recreational vehicle, accounts for most of the global market. They offer a home-away-from-home experience and are equipped with all the basic amenities, including a bedroom, bathroom, kitchen, and living area. Motorhomes are available in various sizes, from small campervans to large Class A motorhomes that can be as long as 45 feet. The demand for motorhomes has been rising steadily, driven by increased disposable income, a desire for adventure and exploration, and a shift towards sustainable and eco-friendly travel. For instance, the global recreational vehicle market is secure for strong growth in the coming years due to increasing disposable income, a growing interest in outdoor activities, and the rise of remote work and digital nomadism driving the Recreational Vehicles market revenue.


Recreational Vehicles Market Segment Insights:


Recreational Vehicles Type Insights


The Recreational Vehicles Market segmentation, based on type, includes integrated/semi-integrated/alcove motorhomes, campervans, and vans. The integrated/semi-integrated/alcove motorhomes segment dominated the market; Motorhomes can be further sub-segmented into class A, B, and C. Class A motorhomes are typically the largest and most luxurious, with amenities such as full-size kitchens, bathrooms, and bedrooms. Class B motorhomes are smaller and designed to be more maneuverable, while class C motorhomes are larger than class B but smaller than class A.


Recreational Vehicles Application Insights


The Recreational Vehicles Market segmentation, based on application, includes business and leisure. The leisure category generated the most income; RVs are designed for outdoor events such as concerts, festivals, and fairs. RVs are typically more basic while glamming offers a more luxurious camping experience.


Figure 1: Recreational Vehicles Market, by Application, 2022 & 2032 (USD Billion)


Recreational Vehicles Market, by Application, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Recreational Vehicles Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Recreational Vehicles market area will dominate this market. It is driven by many factors, including a growing preference for outdoor recreational activities, increased disposable income, and a desire for more flexible and affordable travel options.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Recreational Vehicles Market Share By Region 2022 (USD Billion)


Recreational Vehicles Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Recreational Vehicles market accounts for the second-largest market share due to the booming number of consumers looking for alternative travel options that offer flexibility and convenience. Various factors drive the European market, including a growing interest in outdoor activities and increased disposable income. Further, the German Recreational Vehicles market held the largest market share, and the UK Recreational Vehicles market was the rapid-growing market in the European region.


The Asia-Pacific Recreational Vehicles Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to the booming number of consumers looking for new and exciting ways to explore their surroundings. The industry's growth in Asia Pacific is driven by many factors, including a growing middle class, a rising disposable income, and a desire for more flexible and affordable travel options. Moreover, China’s Recreational Vehicles market held the largest market share, and the Indian Recreational Vehicles market was the rapid-growing market in the Asia-Pacific region.


Recreational Vehicles Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Recreational Vehicles market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Recreational Vehicles industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Recreational Vehicles industry to benefit clients and increase the market sector. In recent years, the Recreational Vehicles industry has offered some of the most significant medical advantages. Major players in the Recreational Vehicles market, including Thor Industries (US), REV Group (US), Winnebago Industries, Inc. (US), Trigano Group (France), Knaus Tabbert AG (Germany), Forest River, Inc. (US), NeXus RV (US), Tiffin Motorhomes Inc. (US), Triple E Recreational Vehicles (Canada), Dethleffs GmbH & Co. KG (Germany), Bürstner Gmbh & co. KG (UK), The Swift Group (UK), Fendt Caravan (Germany), KABE (Sweden), Erwin Hymer Group (Germany), and others are attempting to increase market demand by investing in research and development operations.


REV Group, Inc., founded in 2010 and located in Brookfield, Wisconsin, United States, is an American manufacturing company of specialty vehicles, including ambulances, buses, firefighting apparatus, and recreational vehicles. In January 2020, REV Group signed a partnership agreement with LiquidSpring Smart Suspension to provide suspension to REV Group. The new recreational motor vehicle, trailers, and buses are fitted with LiquidSpring, an innovative high-tech suspension system that reduces body roll and vibration.


Thor Industries Inc., founded in 1983 and located in Elkhart, Indiana, United States, is an American manufacturer of recreational vehicles which sells towable and motorized recreational vehicles through its subsidiary brands. It has manufacturing facilities in various regions, including Michigan, Ohio, Indiana, Idaho, and Oregon. In December 2020, Thor Industries, Inc. Acquired luxury RV manufacturer Tiffin Motor Homes, Inc. Thor Industries, Inc. acquired Tiffin Motor Homes, Inc., a premium manufacturer of luxury RVs. This transaction is consistent with THOR's long-term strategic growth plan for its top and bottom lines.


Key Companies in the Recreational Vehicles market include



  • Thor Industries (US)

  • REV Group (US)

  • Winnebago Industries, Inc. (US)

  • Trigano Group (France)

  • Knaus Tabbert AG (Germany)

  • Forest River, Inc. (US)

  • NeXus RV (US)

  • Tiffin Motorhomes Inc. (US)

  • Triple E Recreational Vehicles (Canada)

  • Dethleffs GmbH & Co. KG (Germany)

  • Bürstner Gmbh & Co. KG (UK)

  • The Swift Group (UK)

  • Fendt Caravan (Germany)

  • KABE (Sweden)

  • Erwin Hymer Group (Germany)


Recreational Vehicles Industry Developments


March 2021: Lazydays Holdings Inc. acquired Chilhowee RV Center Lazydays Holdings, Inc. acquired Chilhowee RV Center, a premier RV dealership in Tennessee. This acquisition helps Lazydays Holdings, Inc. expand its product offerings and footprint in the Eastern Tennessee market.


January 2020: Renegade RV, a subsidiary of REV Group, launched the new Villagio model at the 2020 Florida RV Supershow in Tampa, Florida. Villagio has a Mercedes Benz Sprinter chassis that offers comfort and a great driving experience. It features a Blue Tec 3.0L Turbo Diesel engine.


January 2020: In-house brand Leisure Travel Vans developed the new Ford Transit Cutaway equipped with a twin-turbocharged 3.5L EcoBoost V6, 310 horsepower, and 400 lb.-ft. Of torque, new advanced driver-assist technology, and optional intelligent all-wheel drive.


Recreational Vehicles Market Segmentation:


Recreational Vehicles Type Outlook



  • Integrated/Semi-integrated/Aclove motorhomes

  • Campervans

  • Vans


Recreational Vehicles Application Outlook



  • Business

  • Leisure


Recreational Vehicles Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 45.9 Billion
Market Size 2023 USD 48.87 Billion
Market Size 2032 USD 80.83 Billion
Compound Annual Growth Rate (CAGR) 6.49% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Thor Industries (US), REV Group (US), Winnebago Industries, Inc. (US), Trigano Group (France), Knaus Tabbert AG (Germany), Forest River, Inc. (US), NeXus RV (US), Tiffin Motorhomes Inc. (US), Triple E Recreational Vehicles (Canada), Dethleffs GmbH & Co. KG (Germany), Bürstner Gmbh & co. KG (UK), The Swift Group (UK), Fendt Caravan (Germany), KABE (Sweden), and Erwin Hymer Group (Germany).
Key Market Opportunities The growth in the development of strategies by various key companies.
Key Market Dynamics Growth in the transport sector in various regions globally




Frequently Asked Questions (FAQ) :

The Recreational Vehicles Market size was valued at USD 45.9 Billion in 2022.

The global market is projected to grow at a CAGR of 6.49% during the forecast period, 2023-2032.

North America held the largest share of the global market

The key players in the market are Thor Industries (US), REV Group (US), Winnebago Industries, Inc. (US), Trigano Group (France), Knaus Tabbert AG (Germany), Forest River, Inc. (US), NeXus RV (US), Tiffin Motorhomes Inc. (US), Triple E Recreational Vehicles (Canada), Dethleffs GmbH & Co. KG (Germany), Bürstner Gmbh & co. KG (UK), The Swift Group (UK), Fendt Caravan (Germany), KABE (Sweden), and Erwin Hymer Group (Germany).

The integrated/semi-integrated/alcove motorhomes category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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