Published Date: 2021-08-05
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European Recreational Vehicle (RV) Market size is set to reach USD 55 billion by 2027, according to a latest forecast report by Graphical Research.
The market size is driven by the presence of prominent companies that provide customers with innovative motorhomes to enhance their camping experience. For instance, in January 2021, Hymer GmbH & Co. KG launched Grand Canyon S Crossover installed on the Mercedes-Benz chassis with four-wheel drive system. The combination of four-wheel drive, all-terrain tires & suspension lift makes the vehicle suitable for driving on rough terrains. The crossover runs on lithium batteries and is installed with solar panel with a capacity of 90 watts. The RV also includes an electric bar heater, kitchen, and refrigerator for self-sufficient camping. Highly comfortable interiors and amenities provided by recreational vehicle manufacturers for self-sufficient camping are proliferating the market growth in the region.
The rising popularity of caravanning holidays among Europeans is supporting the adoption of recreational vehicles in this region. The strong demand from consumers for recreational vehicles has resulted in increased sales of caravans and motorhomes. The presence of numerous camping grounds and camping associations including European Federation of Campingsite, Holiday Park Association, and European Caravan Federation in Europe is influencing the growth of the recreational vehicle industry.
Browse detailed statistical insights from the report, “Europe 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/1898/europe-recreational-vehicle-market
The rapid spread of the COVID-19 health crisis negatively impacted the recreational vehicle industry in European countries. The global lockdown and stringent travel restrictions affected the camping activities and tourism sector across European countries. According to Eurostat, domestic tourism fell by 38% from April to September 2020. However, the recreational vehicle industry gained momentum from the third quarter of 2020 owing to the lifting of lockdown restrictions and strong demand for motorhomes and towable RVs from European customers for camping activities.
The Europe recreational vehicle (RV) market 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:
Europe Market, By Vehicle
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
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