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APAC Recreational Vehicle (RV) Market size to cross $15 Bn by 2027

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APAC Recreational Vehicle (RV) Market size is estimated to surpass USD 15 billion by 2027, according to a latest forecast report by Graphical Research.

Positive economic indicators, such as increase in job opportunities, household savings, and growing spending capacity of consumers on outdoor camping and leisure activities, are expected to drive the demand for recreational vehicles in Asia Pacific over the forecast period. According to the Australian Bureau Statistics, the household savings and consumption increased by 4.3% in December 2020 as compared to December 2019.

The Asia Pacific industry is in nascent stage as compared to North America and Europe. To support the industry, several camping associations and government organizations in China and Japan are organizing trade shows and camping events. For instance, in 2019, China hosted All-In Caravanning exhibition and presented new products, models, and technologies to customers and corporate buyers to support the market growth.

Browse detailed statistical insights from the report, “Asia Pacific Recreational Vehicle Market Forecast 2027 By Vehicle (Motorhomes [By Class {Class A, Class B, Class C}, [By Fuel {Gasoline, Diesel}], Towable RVs [By Type {Travel Trailer, Fifth Wheel, Tent Trailer}]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1897/asia-pacific-recreational-vehicle-market

The recreational vehicle industry witnessed a sluggish growth in the first three quarters of 2020 due to the rapid spread of COVID-19 pandemic. Strict lockdown measures and travel restrictions to contain the spread of virus negatively impacted the recreational vehicle industry. The industry faced several challenges including shortage of raw materials, labor, and supply chain disruption. However, the impact reduced in countries such as China, Australia, and New Zealand after reopening of economic operations. Consumers in these countries are highly inclined toward spending their leisure time with friends and family on camping sites without engaging in large crowds.

The travel trailers in Asia Pacific are expected to grow at a high rate over the forecast timeframe. They are cost-effective and are available in a variety of floor layouts. They can be easily hauled by a truck or car and provide a wide range of amenities to customers, driving the demand among customers. High level of customization offered by RV manufacturers in travel trailers will enhance the market growth.

The market for recreational vehicle in Asia Pacific research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:

Asia Pacific Market, By Vehicle

  • Motorhomes 
    • By Class
      • Class A
      • Class B
      • Class C
    • By Fuel
      • Gasoline
      • Diesel 
  • Towable RVs
  • Travel Trailer
  • Fifth Wheel
  • Tent Trailer

The above information has been provided for the following countries:

  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Australia