The global motorhome market is expected to reach a market value of US$1.75 billion by 2032, growing at a CAGR of 2.7% from 2022 to 2032; MR Fact Reports

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“Rapid expansion of the transportation industry and infrastructure and emergence of innovative truck trailer designs that drive demand for motorhomes”

United States, Rockville MD, 15 Jul. 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, global motorhome sales are expected to grow at a CAGR of 2.7% from 2022 to 2032. The Global Truck Report Camper Market provides a holistic market assessment. The report offers a comprehensive analysis of the key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.

Continued demand from the recreational sector, coupled with the changing preference of the millennial population, will drive long-term sales. The major factors propelling the growth of the global motorhome market over the forecast period are increase in investments made by leading experts from emerging economies for the advancement of the transport industry and infrastructure, construction works and the launch of innovative models of truck trailers. .

Increase in investments by leading authorities in developing economies for development of transport sector and infrastructure development, ongoing construction activities and introduction of new models of truck trailers are the main growth factors of the global motorhome market during the forecast. period.

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Key insights from market research

  • North America leads with a 64.7% share of the global motorhome market.

  • Over the past few years, Asia-Pacific has emerged as a manufacturing hub with countries like China and India ramping up their manufacturing capabilities.

  • Recently, India’s first expandable motorhome – Finetza – was launched by Pinnacle Vehicles which comes equipped with amenities like USB ports, Wi-Fi and a small cafeteria.

  • Sales of hardtop motorhomes are expected to increase at the highest CAGR over the next few years.

Truck sales are on the rise, increasing the demand for motorhomes globally. Trade between nations of emerging economies and others is actively encouraged. To run the business efficiently and maintain a seamless supply chain, there is likely to be an increase in demand for trucks throughout the projection period.

Rising truck sales are increasing the demand for motorhomes worldwide. Emerging economies actively encourage trade between their countries and others. The demand for trucks is expected to increase over the forecast period in order to run the business efficiently and maintain a smooth supply chain. With increasing urbanization and industrialization, the market is expected to grow steadily. Due to the increase in consumer purchasing power, the production and sales of two and four wheelers are expected to skyrocket over the forecast period.

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Competitive landscape

Motorhome suppliers are investing in upgrading outdated fleets with more modern truck trailers to take advantage of the anticipated lucrative growth prospects in the market. Motorhome manufacturers are strengthening their dealer networks and introducing new products to maintain their position in the market.

For instance :

  • Dethleffs recently launched an electric motorhome that runs on solar power alone, eliminating the need for charging stations, making it more economical and environmentally friendly.

  • In 2022, the world’s largest producer of recreational vehicles – THOR Industries – established a strategic alliance with TechNexus Venture Collaborative. Through this partnership, THOR will be able to interact and collaborate with a global ecosystem of entrepreneurs and breakthrough start-ups to support its strategic ambitions.

Key Segments Covered by RV Industry Research

  • Motorhome Market by Type:

    • Rigid motorhomes

      • Adventure campers

      • arctic fox campers

      • Bigfoot campers

      • Capri Campers

      • Others

    • Pop-up campers

      • Hallmark campers

      • Phoenix campers

      • Others

  • Motorhome Market by Technology:

    • Standard Truck Campers

    • Advanced Motorhomes

  • Motorhome Market by End Use:

    • Individuals/Groups

    • Camping companies

    • Others

  • Motorhome market by region:

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East and Africa

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Reasons to buy this report

• Qualitative and quantitative market analysis based on segmentation involving both economic and non-economic factors

• Provision of market value data (USD Billion) for each segment and sub-segment

• Indicates region and segment expected to grow fastest and dominate the market

• Geographical analysis highlighting the consumption of the product/service in the region and indicating the factors that affect the market in each region

• Competitive landscape that incorporates market ranking of major players, as well as new service/product launches, partnerships, business expansions, and acquisitions over the past five years of profiled companies

• Comprehensive company profiles including company overview, company information, product benchmarking and SWOT analysis for major market players

• Current and future industry market outlook with respect to recent developments that involve opportunities and growth drivers along with challenges and restraints of emerging and developed regions

More valuable information available

Fact.MR, in its new offering, presents an unbiased analysis of the global motorhome market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals essential insights by type (Hard Side Truck Campers, Pop-up Campers), by technology (standard, advanced), by end-use (individuals/groups, camping, businesses) and by region – Global Market Insights 2022 at 2032.

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