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Motorhome Market Size
- Report ID: GMI5422
- Published Date: Jan 2023
- Report Format: PDF
Motorhome Market Size
Motorhome Market size surpassed USD 40 billion in 2022 and is anticipated to register over 3% CAGR from 2023 to 2032, owing to an increase in travel and tourism spending.
The shifting preference toward renewable energy to limit carbon footprint has contributed to the popularity of solar-powered motorhomes. Numerous product benefits including cost-effectiveness, low maintenance costs, and less noise generation will further create lucrative prospects for motorhome vehicle manufacturers. However, the high cost associated with insurance-related expenses and road taxes may adversely affect the motorhome market outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Motorhome Market Size in 2022: | USD 40 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3% |
| 2032 Value Projection: | USD 50 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 340 |
| Tables, Charts & Figures: | 543 |
| Segments covered: | Class, Fuel, Price, End-use |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Increase in luxury travel and tourism to bolster Class A motorhome vehicle production
The Class A motorhome market reached USD 20 billion in 2022, considering the massive size and ability of these vehicles to accommodate large groups. In recent years, Europe has been witnessing a return of foreign tourists, contributing to the growth of luxury tourism. Since Class A motorhome vehicles provide amenities such as well-equipped kitchens, master bedrooms and bathroom facilities, the rise in extravagance travel is expected to stimulate the market development.
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Motorhome Market Scope
