Market Overview:
The global towable recreational vehicles market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for leisure and travel activities, rising disposable income, and technological advancements in the RV industry. Based on type, the global towable recreational vehicles market is segmented into travel trailers and fifth wheels. The travel trailers segment is expected to dominate the market during the forecast period owing to their low cost and easy maneuverability. Based on application, the global towable recreational vehicles market is segmented into residential and commercial applications. The residential application segment dominates the overall market due to increased spending on leisure activities by households across regions.
Product Definition:
A towable recreational vehicle, commonly called a "trailer" or "travel trailer", is a self-propelled vehicle that can be towed behind another vehicle. It is distinguished from a motorhome by its lack of an internal combustion engine.
Travel Trailers:
The global travel trailers market size was valued at USD 5.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for towable recreational vehicles (TRVs) among adventure enthusiasts on account of rising popularity of outdoor activities such as camping, fishing, and hunting is anticipated to drive the growth during the forecast period.
Fifth Wheels:
Fifth wheels are connected to the rear of a towable recreational vehicle and are used for stability and safety. They have integral axles, which connect them to the rear of the RV. The fifth wheel can be directly attached or indirectly attached using kingpin connectors.
The growing popularity of fifth wheels is attributed to their ability to provide more living space as compared with a travel trailer or motorhome coupled with increased stability while traveling at higher speeds i.e.
Application Insights:
The residential segment dominated the global towable recreational vehicles market in 2017. This can be attributed to growing urbanization and rising disposable income levels in emerging economies such as India, China, Brazil and Mexico. Moreover, RVs provide an all-inclusive package for outdoor activities including camping trips with facilities such as kitchen equipment and sleeping compartments which are highly popular among families.
Commercial application is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing number of commercial campgrounds across North America and Europe coupled with rising demand for on-site amenities including restaurants, swimming pools & spas along with other recreational facilities such as miniature golf courses and tennis courts at commercial resorts. Such trends have boosted product demand at commercial resorts which were previously occupied by tents only.
Regional Analysis:
North America dominated the global towable recreational vehicles market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. Increasing number of manufacturers and suppliers as well as growing popularity for outdoor recreational activities such as camping and caravanning are some major factors driving the regional market growth. Furthermore, presence of developed infrastructure for tourism has led to an increase in demand for towable recreational vehicles across North America, which is further anticipated to drive the overall industry expansion over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions owing its increasing population coupled with rising disposable income especially in developing countries such as China.
Growth Factors:
- Increasing demand for outdoor recreational activities: The growth of the towable recreational vehicles market can be attributed to the increasing demand for outdoor recreational activities, such as camping, fishing, and boating.
- Rising disposable income: A rise in disposable income has led to an increase in spending on leisure and travel activities, thereby fueling the growth of the towable recreational vehicles market.
- Proliferation of camping destinations: The proliferation of camping destinations across different parts of the world is another key factor driving the growth of this market.
- Technological advancements: Technological advancements have resulted in the development of more advanced and fuel-efficient towable recreational vehicles that are attracting a growing number of consumers worldwide. 5) Growing popularity among millennials: The growing popularity among millennials is another major factor propellingthegrowthofthetowablerecreationalvehiclesmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Towable Recreational Vehicles Market Research Report
By Type
Travel Trailers, Fifth Wheels
By Application
Residential, Commercial
By Companies
Thor Industries, Forest River, Winnebago Industries, Fendt-Caravan, Erwin Hymer Group, Knaus Tabbert, Hobby Caravan, Dethleffs, Gulf Stream Coach
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Towable Recreational Vehicles Market Report Segments:
The global Towable Recreational Vehicles market is segmented on the basis of:
Types
Travel Trailers, Fifth Wheels
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thor Industries
- Forest River
- Winnebago Industries
- Fendt-Caravan
- Erwin Hymer Group
- Knaus Tabbert
- Hobby Caravan
- Dethleffs
- Gulf Stream Coach
Highlights of The Towable Recreational Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Travel Trailers
- Fifth Wheels
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Towable Recreational Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Towable recreational vehicles are typically small, lightweight vehicles that can be towed by a motor vehicle. These vehicles often have an open top design and are used for recreation, such as riding in the back of a pickup truck while exploring new areas.
Some of the key players operating in the towable recreational vehicles market are Thor Industries, Forest River, Winnebago Industries, Fendt-Caravan, Erwin Hymer Group, Knaus Tabbert, Hobby Caravan, Dethleffs, Gulf Stream Coach.
The towable recreational vehicles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Towable Recreational Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Towable Recreational Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Towable Recreational Vehicles Market - Supply Chain
4.5. Global Towable Recreational Vehicles Market Forecast
4.5.1. Towable Recreational Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Towable Recreational Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Towable Recreational Vehicles Market Absolute $ Opportunity
5. Global Towable Recreational Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Towable Recreational Vehicles Market Size and Volume Forecast by Type
5.3.1. Travel Trailers
5.3.2. Fifth Wheels
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Towable Recreational Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Towable Recreational Vehicles Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Towable Recreational Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Towable Recreational Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Towable Recreational Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Towable Recreational Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Towable Recreational Vehicles Demand Share Forecast, 2019-2026
9. North America Towable Recreational Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Towable Recreational Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Towable Recreational Vehicles Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Towable Recreational Vehicles Market Size and Volume Forecast by Type
9.7.1. Travel Trailers
9.7.2. Fifth Wheels
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Towable Recreational Vehicles Demand Share Forecast, 2019-2026
10. Latin America Towable Recreational Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Towable Recreational Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Towable Recreational Vehicles Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Towable Recreational Vehicles Market Size and Volume Forecast by Type
10.7.1. Travel Trailers
10.7.2. Fifth Wheels
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Towable Recreational Vehicles Demand Share Forecast, 2019-2026
11. Europe Towable Recreational Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Towable Recreational Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Towable Recreational Vehicles Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Towable Recreational Vehicles Market Size and Volume Forecast by Type
11.7.1. Travel Trailers
11.7.2. Fifth Wheels
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Towable Recreational Vehicles Demand Share, 2019-2026
12. Asia Pacific Towable Recreational Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Towable Recreational Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Towable Recreational Vehicles Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Towable Recreational Vehicles Market Size and Volume Forecast by Type
12.7.1. Travel Trailers
12.7.2. Fifth Wheels
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Towable Recreational Vehicles Demand Share, 2019-2026
13. Middle East & Africa Towable Recreational Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Towable Recreational Vehicles Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Towable Recreational Vehicles Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Towable Recreational Vehicles Market Size and Volume Forecast by Type
13.7.1. Travel Trailers
13.7.2. Fifth Wheels
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Towable Recreational Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Towable Recreational Vehicles Market: Market Share Analysis
14.2. Towable Recreational Vehicles Distributors and Customers
14.3. Towable Recreational Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thor Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Forest River
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Winnebago Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fendt-Caravan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Erwin Hymer Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Knaus Tabbert
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hobby Caravan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dethleffs
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gulf Stream Coach
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
