The market research report presents the market size and forecast of travel trailers in North America. The report includes an overview of towable recreational vehicle (RV) and travel trailers. This market research report predicts the market growth and the impact of the trending factors until 2019. The leading vendors in the market include Eclipse RV, Forest River, Gulf Stream Coach, Heartland, Northwood Manufacturing, Palomino, Thor Industries, and Universal Trailer.
Technavio’s market research analysts estimate the travel trailers market in North America to grow at a CAGR of around 12% between 2015 and 2019, mainly driven by the growing demand from the baby boomers. The US leads the North American trailers market, followed by Mexico and Canada.
The travel trailers segment leads the towable recreation vehicles (RVs) market in North America, occupying around 71% of the total market share. These trailers can be categorized into toy haulers, expandables, teardrop trailers, and park models. These trailers are more popular among young people who prefer RVs with high-tech features and technological improvements. Travel trailers are also a favourable investment option for tax saving.
Segmentation of towable RVs market in North America
Source: Technavio Research
“Travel trailers are the most selling towable RVs in North America. As a result, manufacturers are modifying the designs of these vehicles for better customer experience. They are creating compact, easy-to-use and lightweight cabins in these vehicles with improved energy consumption. Some manufacturers have started using electric retractable roof in travel trailers to make them more durable. For instance, Safari Condo has launched a new teardrop design for their trailers which have improved aerodynamics and better stability,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
The leading vendors in the travel trailers market in North America are Eclipse RV, Forest River, Gulf Stream Coach, Heartland, Northwood Manufacturing, Palomino, Thor Industries, and Universal Trailer. This market is highly fragmented because of the presence of many vendors with a wide variety of products. Intense competition has pushed vendors to come up with an array of travel trailer models suitable for various purposes.
A more detailed analysis is available in the Technavio report, Travel Trailers Market in North America 2015-2019.
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