Deerfield Beach, FL, May 31, 2016 (GLOBE NEWSWIRE) -- Zion Research has released a new report titled “Recreational Vehicles Market (Motorhomes (Type A, Type B and Type C) and Towable RVs) : North America Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020”. According to the report, North America’s demand for recreational vehicles industry was valued at USD 16 billion in 2014 and is expected to reach USD 20.24 billion in 2020, growing at a CAGR of 4.1% between 2015 and 2020. In terms of volume, the North America recreational vehicles market stood at 345 thousand units in 2014.
A recreational vehicle (RV) is the standard term for a motor vehicle or a vehicle equipped with living space and amenities found in a home. "Autocaravan", "camper van" and "motorhome" are the terms used for recreational vehicle. These vehicles come with all the amenities which are normally observed in home such as kitchen, a bathroom, internet connectivity, entertainment stuff etc., which can use during travel and camping. A recreational vehicle is mainly preferred for long distance or frequent travelers.
Browse the full "Recreational Vehicles Market (Motorhomes (Type A, Type B and Type C) and Towable RVs) : North America Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/recreational-vehicles-market-in-north-america-36078
Nowadays, recreational vehicles are being very popular and its market is showing tremendous growth due to the appearance of certain trends, such as increase in ownership affordability. Rising disposable income demands for luxurious lifestyle due to which the demand of recreational vehicles increases, is expected to boost the recreational vehicles market. This is the major driving factor of recreational vehicles market. However, increased dealer interest in recreational vehicles auctions and decreasing fuel economy may hamper the growth of recreational vehicles market. Increased ownership affordability and rising economical status are likely to open new market avenues in the near future.
On the basis of product of recreational vehicles the global recreational vehicles market is divided into motorhomes and towable recreation vehicles. From which motorhomes are further segmented into Type A, Type B and Type C. Towable recreation vehicles dominated the recreational vehicles market and accounted for over two third share of the market in 2014 in terms of revenue. Type A motorhomes segment dominates the market segment with over 40% share of the total market in 2014.
Browse 13 Market Tables and 30 Figures spread through 83 Pages and an in-depth TOC on "Recreational Vehicles Market - North America Size, Shares, Trends, Segment & Forecast to 2020”
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The recreational vehicles market is also segmented based on ownership. New recreational vehicle buyers accounted for one third of the total recreational vehicles market in 2014.
Some of the key player for global recreational vehicles market includes Eclipse RV, Gulf Stream Coach, Northwood Manufacturing, Palomino, and Thor Industries.
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This report segments the global recreational vehicles market as follows:
North America Recreational Vehicles Market: Product Segment Analysis
- Type A
- Type B
- Type C
- Towable Recreation Vehicles
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