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China
China Recreational Vehicles Market Outlook 2017-2025
China’s recreational vehicles market has experienced major fluctuations in past several years, including national efforts on the development of tourism, campgrounds and the RV industry. 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, China is the largest automotive industry and offer attractive growth opportunities due to economic development and related increases in freight demand. 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 China’s RV market is in the early phases of development. Chinese consumers purchased an estimated 25,000 RVs by the end of 2017, and this number could reach 400,000 by 2025. China’s rising economy and growing middle class are driving a cumulative demand for leisure-related goods and activities, such as RVs and RV camping.
By Vehicle Type
Based on vehicles recreational vehicle type, the demand will grow the fastest in the motor home and camper and camping trailer segments. Moreover, China market will show the highest growth rate in overall global recreational vehicles market, which is expected to grow at +8% CAGR during the forecast 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.
By End Use Industries
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. China Recreational Vehicles market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
China 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 China 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. “China 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.
Our China Recreational Vehicles Market Report comprises of the following companies as the key 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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Key Questions Answered In This China Recreational Vehicles Market Report
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