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Recreational Vehicle Market Share

Report ID: GMI2967
Published Date: Feb 2024
Report Format: PDF

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Recreational Vehicle Market Share

In 2023, Thor Industries and TRIGANO collectively commanded more than 25% of the recreational vehicle revenue share. TRIGANO focuses on brand strength, product quality, and after-sales services to attract customers. It strongly emphasizes providing innovative outdoor solutions with advanced technologies to retain customers. The major focus is to create next-generation recreational vehicle that would propel the overall market.

Moreover, Thor Industries focuses on strategic partnerships and collaborations to offer consumers an exclusive RV experience. In 2022, Thor industries entered a strategic partnership with Harbinger Motors Inc., a company that offers innovative EV technology for the RV industry.

Recreational Vehicle Market Companies

Major companies operating in the recreational vehicle industry are:

Bailey of Bristol
Barefoot Caravan
Buccaneer Caravans
Burstner
Coachman Caravan Company Limited
Compass
CMC Caravan
Dethleffs GmbH & Co. KG
Elddis
Europa Caravans Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of recreational vehicle reached USD 54.1 billion in 2023 and is set to witness 4% CAGR from 2024 to 2032, owing to growing consumer spending on tourism and camping activities worldwide.

The motorhomes segment recorded over 65% market share in 2023, due to consumers increasingly prioritizing comfort, convenience, and eco-friendliness.

Europe market held over 45% revenue share in 2023, attributed to the lifestyle changes, remote work trends, and the strong desire for outdoor exploration in the region.

Bailey of Bristol, Barefoot Caravan, Buccaneer Caravans, Burstner, Coachman Caravan Company Limited, Compass, CMC Caravan, Dethleffs GmbH & Co. KG, Elddis, and Europa Caravans Ltd. are some of the major recreational vehicle companies worldwide.