Report ID: SQMIG20I2209
Recreational Vehicle Market Size, Share, Growth Analysis Vehicle Type, (Motorhomes and Towable RVs). Application (Personal, and Commercial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2209 |
Region:
Global |
Published Date: November, 2024
Pages:
240
|
Tables:
61 |
Figures:
75
Recreational Vehicle Market Regional Insights
The North American recreation vehicle market is the biggest across the globe. Recreational vehicle is exceptionally famous among Americans, and more than 11% of families own it. North of 1 million families in the United States live in RVs full time. It permits going at 20-60% less expense, which is fundamentally driving the notoriety of RV among twenty to thirty year olds. The sporting vehicle market contributes an in general USD 114 billion to the US economy, utilizing north of 600,000 individuals. As per the RV Industry Association (RVIA) report, there are very 13,000 exclusive and 1,600 public campsites inside the U.S., empowering people to encounter setting up camp exercises with their sporting vehicles Thus, RV is one of the worldwide businesses in the US economy.
In Asia Pacific, the quickly developing the travel industry area, rising discretionary cashflow, and open air sporting exercises are supposed to fuel the item reception. Also, the enlistment of new vehicles is supposed to support the development of novel vehicles. These elements might encourage market advancement.
Recreational Vehicle Market Report Snapshots
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