The Motorhome Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Motorhome Global Market Report 2024, The motorhome market size has grown strongly in recent years. It will grow from $168.07 billion in 2023 to $180.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to demographic changes, improved infrastructure, rising disposable income, outdoor and adventure lifestyles, cultural shifts.
The motorhome market size is expected to see strong growth in the next few years. It will grow to $234.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising interest in sustainable travel, innovations in design and comfort, customization options, government initiatives and policies, expansion of rental market. Major trends in the forecast period include technological integration, eco-friendly design, compact and lightweight designs, rise of luxury motorhomes, digital connectivity features.
Increasing travel and tourism is expected to propel the growth of the motorhome market going forward. The tourism industry refers to a type of industry that involves people who travel for either personal or professional reasons, spend at least one night in their desired location, and then come back. Travelers commonly use motorhomes as vacation vehicles because they allow tourists to sleep, cook and relax inside the vehicle while traveling with all the luxuries of home and make traveling comfortable. For instance, in 2021, according to a report issued by the World Travel and Tourism Council (WTTC), a UK-based forum for the travel and tourism industry, the travel and tourism industry rates in the United States have improved dramatically throughout, and the sector is expected to approach pre-pandemic levels by 2022. Travel and tourism in the United States increased by 35.6% in 2021, totalling $393 billion. Therefore, the increase in the travel and tourism industry is driving the growth of the motorhome market.
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The motorhome market covered in this report is segmented –
1) By Model Type: Class A, Class B, Class C
2) By Application: Leisure Activities, Business Activities
3) By End-User: Fleet Owners, Direct Owners
Top Major Players
Gulf Stream Coach Inc.
Palomino RV
Northwood Manufacturing Inc.
Thor Industries Inc.
Coachmen RV
Product innovations have emerged as the key trend gaining popularity in the motorhome market. Major companies operating in the motorhomes market are focused on innovative products to strengthen their position in the market. For instance, in March 2023, Entegra Coach, a US-based motor vehicle company that manufactures a range of recreational vehicles and motorhomes, launched a Class B motorhome for off-the-grid locales. Entegra Coach’s Class B motorhome’s latest launch seeks to add a touch of luxury for the journey. Each vehicle is constructed on a Sprinter 4X4 Premium Mercedes-Benz® chassis, has E-Z DriveTM technology for a smooth and bump-free ride, and is powerful enough to propel up and down on steep inclines with ease.
The motorhome market report table of contents includes:
1. Executive Summary
2. Motorhome Market Characteristics
3. Motorhome Market Trends And Strategies
4. Motorhome Market – Macro Economic Scenario
5. Global Motorhome Market Size and Growth
……………….
31. Global Motorhome Market Competitive Benchmarking
32. Global Motorhome Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Motorhome Market
34. Motorhome Market Future Outlook and Potential Analysis
35. Appendix
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