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North American Recreational Vehicle Market revenue to reach $40 Bn by 2027

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North American Recreational Vehicle Market size is poised to cross USD 40 billion by 2027, according to a latest forecast report by Graphical Research.

Increasing consumer spending on tourism and camping activities has led to higher market demand for recreational vehicles. The growing outdoor recreation economy in the U.S. will support the adoption of recreational vehicles over the forecast period. According to the Outdoor Industry Association, the total consumer spending on outdoor activities was USD 887 billion in 2019. Demand for recreational vehicles is also supported by the increasing participation of young adults in camping activities.

The presence of several established recreational vehicle clubs including the Canadian Recreational Vehicle Association, Automate R.V. Club, Canadian Camping Association, and RV Council is supporting the market growth. These clubs offer incentives, such as membership benefits and cost-saving camping programs, to support the camping and recreational vehicle industries. In addition, increasing investments in the development of recreational vehicle infrastructure and camping are anticipated to fuel market growth over the forecast period. According to RV Camping Organization, there are over 4,300 camping grounds spread across the U.S., which is expected to drive camping and demand for recreational vehicles in North America.

Browse detailed statistical insights from the report, “North America Recreational Vehicle (RV) 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/1899/north-america-recreational-vehicle-rv-market

The recreational vehicle market was significantly affected by the COVID-19 pandemic. The first half of 2020 witnessed a decline in market revenue due to disruptions in the supply chain, a shortage of labor, and market uncertainties. The market gained momentum in the second half of 2020 owing to increasing participation in outdoor activities among the youth and adult population in North America. An increased appreciation for the outdoor landscape and a tendency to explore remote locations in the U.S. and Canada stabilized the market after the reduction in the virus spread.

Rapid technological advancements, such as advanced batteries and electric powertrains, have created market opportunities for industry players. The incorporation of progressive technologies including driver assistance and collision mitigation systems into motorhomes will improve the safety of passengers and pedestrians, thus driving the industry revenue. The increasing availability of modern RVs with advanced features and amenities, such as king-size bedrooms, refrigerators, outdoor kitchens, and ample storage capacity, is supporting the market share.

The North America recreational vehicle 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:

North America 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:

  • North America 
    • U.S.
    • Canada