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2019-12-23
565
PdF/PPT/XLS/Hard Copy
Europe
The recreational vehicle (RV) market in various end use industries is subject to many of the same factors as the automotive market, comprising the economic condition in mature and emerging markets, fluctuation in fuel prices, and government regulations of safety and emissions. Moreover, there is huge surge is witnessed in European region for leisure motorhomes apart from commercial recreational vehicles. As a result OEMs are exploiting their global truck platforms for market entry and extension in these growth markets, while announcing innovative novel technologies in their domestic markets. Braking systems, drive information, stability controls and warning systems, as well as new cabin designs and integration of connectivity opportunities, all require more refined electronics. Further, development of new powertrains, including hybrids, in order to meet fuel efficiency standards, is also occurring. Moreover, leasing and rental markets are also witnessing significant growth as the people who cannot afford an RV or are not frequent travelers, are renting RVs, as a result significant growth of RVS can also be seen in rental industry.
Goldstein Research analyst forecast that the global recreational vehicle market is projected to witness sales off leisure RVs up to 850.0 thousand units by 2025. Further, the Europe recreational vehicles market is projected to expand at a CAGR of 6.4% over the forecast period and the major growth region is likely to be the Western Europe.
By Vehicle Type
Motorized RVs
Towable RV Types
By End Use Industries
By Geography
Based on recreational vehicle type, the demand will grow the fastest in the motor home and camper and camping trailer segments, as sales of both will rebound from the double-digit annual declines of the 2007-2012 period. Further, technological advancements such as fuel economy and ease of handling, coupled with the inclusion of a growing selection of entertainment and comfort preferences, will also boost sales.
Based on geography, Germany dominated the Europe recreational vehicles market with about 32% of total market share and likely to generate major stream of revenue during the forecast period owing to huge manufacturing base and significant adoption of recreational vehicles. On the other hand, Benelux has also showed the significant growth as the majority import of RVs is imported in Belgium in 2017.
The report covers the present ground scenario and the future growth prospects of the Recreational Vehicles for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Europe Recreational Vehicles market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Europe Recreational Vehicles Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Europe Recreational Vehicles market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Europe Recreational Vehicles Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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