Recreational Vehicle Dealers in the US - Industry Market Research Report

High camp: The industry will likely benefit from consumers' travel habits shifting toward outdoor options

Recreational vehicle dealers in the United States have gone through a period of volatility in recent years. The outbreak of COVID-19 forced dealers to close up shop. Lockdown orders were put in place to slow the spread of the virus, so consumers were unable to go out shopping for RVs. Also, these restrictions and other pandemic-related disruptions squeezed consumers, leaving them with little disposable income, and reducing the general propensity to spend on RVs. Although, lower interest rates and easier access to credit did make this the opportune time to buy for those that could afford to. As restrictions were lifted and the economy recovered, demand for RVs and profit rebounded quickly. Low fuel prices further raised the appeal of RVs, as that reduced the cost of ownership. Altogether, industry revenue has been growing at a CAGR of 6.6% to an anticipated $47.8 billion over the past five years, including an expected increase of 0.6% in 2023 alone. This industry sells new and used motorized or towed recreational vehicles (RVs). The industry also provides repair services and part sales. 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.