Recreational Vehicle Manufacturing in the US - Industry Market Research Report

Recreational Vehicle Manufacturing in the US - Industry Market Research Report
Recreational Vehicle Manufacturing in the US

Recreational vehicle (RV) manufacturers produce motor homes, travel trailers and campers. Revenue dropped off amid the worst of the COVID-19 pandemic, as spending on leisure was pushed to the back burner as consumers navigated difficult economic conditions. The drop-off was not as severe in this industry as in other travel-related industries since RVs provided the ability to travel while making minimal contact with others, reducing the risk of contracting the virus. Also, RVs are a less expensive alternative to traditional housing, so some of those struggling during this period made the transition to mobile homes. In the immediate aftermath of the lifting of pandemic-related disruptions, revenue boomed as pent-up demand was met. This spike proved to be short-lived, as high inflation and interest rate hikes limited consumer spending. Overall, revenue dropped during the five-year period at a CAGR of 0.7% to $27.2 billion, despite the uptick of 0.7% in 2023.

This industry manufactures recreational vehicles (RVs), including towable and motorized RVs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.