- The key vendors in the Recreational Vehicle Market in North America 2015-2019 are Eclipse Recreational Vehicles Inc., Gulf Stream Coach Inc., Northwood Manufacturing Inc., Palomino RV and Thor Industries Inc.
London, 23 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Recreational Vehicle Market in North America 2015-2019. Increase in ownership affordability is one of the key trends emerging in this market. Consumers are increasingly purchasing more RVs as they save over 59 percent on their vacation costs over other forms of travel. Other than first-hand purchases, RVs are available as pre-owned vehicles as well. Like any other pre-owned car or truck dealers, RV dealers also provide a thorough pre-delivery inspection of used RVs. The RV Market in North America is expected to witness a CAGR of 8.35 percent in terms of units during the period 2015-2019.
RV manufacturers, in an attempt to fill the growing consumer demand for additional amenities, better fuel economy, and higher performance, created new packages under the title ‘right-sizing.’ Through utilization of lighter materials and better drive trains, manufacturers have brought the RV fuel economy close to a passenger car fuel economy. Manufacturers are customizing RVs as per the current market demand, allowing buyers to choose vehicles as per their requirements. Most of the RV models are filtering down their production chain so as to cater to all the segments of the market.
“RV manufacturers, through changes in design and material, are focusing on improving the fuel economy of RVs,” says Faisal Ghaus, Vice President of TechNavio Research.
“Upcoming RVs are compact, lightweight, and aerodynamically advanced with much higher fuel economy.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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