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Recreational Vehicle Market Growth Potential & Forecast, 2027

Leading industry players have been turning to strategic acquisitions, partnerships, and collaborations to gain a respectable market position. Citing an instance, in April 2021, Camping World, the largest RV retailer in the U.S., reportedly announced that it had made deals focused at making it easier for consumers to shop as well as pay for their purchases

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Recreational Vehicle Market Growth Potential & Forecast, 2027

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  1. Recreational Vehicle Market: Regional Trend & Growth Projections to 2027

  2. Industry Insights: • The recreational vehicle market is poised to experience remarkable gains in coming years owing to the rapidly growing adoption of recreational vehicles for leisure and recreational activities. Shifting consumer inclination towards camping tourism will also support industry expansion during this period. Subsequently, the increasing trend of integrating advanced technologies like IoT, sensors, as well as automated control systems into vehicles would further strengthen the business scenario. • Leading industry players have been turning to strategic acquisitions, partnerships, and collaborations to gain a respectable market position. Citing an instance, in April 2021, Camping World, the largest RV retailer in the U.S., reportedly announced that it had made deals focused at making it easier for consumers to shop as well as pay for their purchases.

  3. Based on fuel, the gasoline segment is projected to witness robust growth over the forthcoming time period. Gasoline-based RV need very low maintenance of engine parts in comparison to diesel-based RVs. This is because gasoline has much more power-to-weight ratio than their counterparts. These types of vehicles are also valued low as compared to diesel or electric vehicles, making them much more affordable for renters. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2967 • The addition of Nomad’s comprehensive ecommerce capabilities will provide various unique data points and tools related to trip planning that users might use to plan their future journeys. Also permitting the retailer to bring about customized and appropriate marketing communications. This acquisition also complements the launch of other planned products like peer-to-peer RV rental network.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/recreational-vehicles-market Chapter 5 Recreational Vehicles Market, By Vehicle 5.1 Key trends, by vehicle 5.2 Motorhomes 5.2.1 Market estimates and forecast, 2016 – 2027 5.2.2 Market estimates and forecast, by class, 2016 – 2027 5.2.2.1 Class A 5.2.2.1.1 Market estimates and forecast, 2016 – 2027

  5. 5.2.2.2 Class B 5.2.2.2.1 Market estimates and forecast, 2016 – 2027 5.2.2.3 Class C 5.2.2.3.1 Market estimates and forecast, 2016 – 2027 5.2.3 Market estimates and forecast, by fuel, 2016 – 2027

  6. Region: • On the geographical front, the RV market in Asia Pacific is likely to register a sizable growth by the end of the analysis timeframe. A substantial rise in the region’s middle-class population and rapidly growing government focus on expansion the nation’s tourism sector will drive product demand. Travel and tourism activities relating to RVs have grown sizably across the region, especially during the pandemic as people focused more on traveling in their own immunity bubble. • Consequently, camp grounding and RV camping in countries such as South Korea, Japan, China and India, saw a momentous revenue jump, complementing the RV market in APAC. According to the most recent statistics published by the World Bank, India recorded an increase in international tourists from 17.4 million in 2018 to approximately 17.9 million in 2019.

  7. Key Players • Highland Ridge • Crossroads RV • Skyline Corporation • Cruiser RV • DRV Luxury Suites • Dutchmen RV • Grand Design RV • Fleetwood Corporation • Kropf Industries

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