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Caravans Market Share

Report ID: GMI5420
Published Date: Jan 2023
Report Format: PDF

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Caravans Market Share

Top players operating in the caravans market are

Thor Industries
Forest River Inc.
Winnebago Industries
REV Recreation Group

Presence of a large consumer base in North America has incited industry participant to grow their business operations in the region. These firms are focusing on R&D and innovation to use lightweight raw materials, which will help develop lighter and more fuel-efficient caravans.

Companies are also inking partnerships with related firms to expand business operations and launch new RV models. For instance, in January 2022, Erwin Hymer Group partnered with Bad Waldsee, Ford-Werke GmbH, and Cologne to promote the delivery of light commercial vehicles of the Ford transit and Ford transit custom series. Additionally, the companies will closely work on enhancing their recreational vehicle activities and generating revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of caravans crossed USD 20 billion in 2022 and is slated to record over 4% gains through 2032.

The B2B/Fleet owner segment is expected to reach USD 5 billion by 2032 due to the increasing number of caravan rental services offered globally.

The Asia Pacific region held more than 5% of the revenue share in 2022 owing to easy availability of inexpensive labor and low-cost raw materials.

Thor Industries, Forest River Inc., Winnebago Industries, and REV Recreation Group are some of the major companies that are operating in the global industry.