Motorhomes are self-propelled recreational vehicles, which have their own engine and driving chassis. These are designed to serve as self-contained living quarters for recreational travel. Motorhomes are generally equipped with kitchen facilities, storage space and beds. In addition, these are categorized as per their types such as Type A, Type B, and Type C.
Type A motorhomes are recreational vehicles with the ability to tow or carry a vehicle, boat, trailer and others. Type A motorhomes can range between 29 and 45 feet long and offer bottom storage, multiple awnings, full kitchen, bathroom and master bedroom. However, these recreational vehicles are expensive and have high maintenance costs.
Type C motorhomes range from 20 to 33 feet long, and provide sleeping space for up to 8 people at a time. These types of motorhomes are suitable for couples or a group of friends. Moreover, these motorhomes provide more space as compared to Type B motorhomes.
Launch of new motorhome vehicles by key players in the market, boosts the growth of the motorhome vehicle market. For instance, in October 2021, Entegra Coach launched the Entegra Type B motorhome built on the Mercedes Benz Sprinter 4x4 platform. The new motorhome comprises a 3-cubic feet DC refrigerator, hydronic heating system with LED touchscreen control, multiplex system and a portable induction cooktop. In August 2022, Holiday Rambler introduced a new Type A motorhome namely, the Eclipse. The luxury Eclipse model is available in three different floorplans and three different lengths to meet a variety of owner preferences. It has 7.3 L V8 engine which produces 350 hp and 468 torque.
The global motorhome vehicle market is experiencing growth due to changing outlook of the leisure & recreational activities, and rise in electrification activities. However, fluctuating prices of raw materials used for manufacturing of motorhome vehicles is the factor hampering the growth of the market. Furthermore, growing demand for technologically advanced recreational vehicles is the factor expected to offer growth opportunities during the forecast period.
The motorhome vehicle market is segmented on the basis of type, application, and region. By type, it is segmented into type A, type B, and type C. By application, it is fragmented into personal and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Type A motorhomes are recreational vehicles with the ability to tow or carry a vehicle, boat, trailer and others. Type A motorhomes can range between 29 and 45 feet long and offer bottom storage, multiple awnings, full kitchen, bathroom and master bedroom. However, these recreational vehicles are expensive and have high maintenance costs.
Type C motorhomes range from 20 to 33 feet long, and provide sleeping space for up to 8 people at a time. These types of motorhomes are suitable for couples or a group of friends. Moreover, these motorhomes provide more space as compared to Type B motorhomes.
Launch of new motorhome vehicles by key players in the market, boosts the growth of the motorhome vehicle market. For instance, in October 2021, Entegra Coach launched the Entegra Type B motorhome built on the Mercedes Benz Sprinter 4x4 platform. The new motorhome comprises a 3-cubic feet DC refrigerator, hydronic heating system with LED touchscreen control, multiplex system and a portable induction cooktop. In August 2022, Holiday Rambler introduced a new Type A motorhome namely, the Eclipse. The luxury Eclipse model is available in three different floorplans and three different lengths to meet a variety of owner preferences. It has 7.3 L V8 engine which produces 350 hp and 468 torque.
The global motorhome vehicle market is experiencing growth due to changing outlook of the leisure & recreational activities, and rise in electrification activities. However, fluctuating prices of raw materials used for manufacturing of motorhome vehicles is the factor hampering the growth of the market. Furthermore, growing demand for technologically advanced recreational vehicles is the factor expected to offer growth opportunities during the forecast period.
The motorhome vehicle market is segmented on the basis of type, application, and region. By type, it is segmented into type A, type B, and type C. By application, it is fragmented into personal and commercial. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the motorhome vehicle market analysis from 2021 to 2031 to identify the prevailing motorhome vehicle market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the motorhome vehicle market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global motorhome vehicle market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Type A
- Type B
- Type C
By Application
- Personal
- Commercial
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Airstream Inc
- Coachmen Recreational Vehicle Company, LLC
- Bürstner GmbH & Co. KG
- Entegra Coach, Inc
- Forest River Inc.
- Gulf Stream Coach Inc.
- Jayco, Inc.
- Newmar Corporation
- Hymer GmbH & Co. KG
- Thor Industries, Inc.
- Tiffin Motorhomes Inc.
- Winnebago Industries, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MOTORHOME VEHICLE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Type A
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Type B
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Type C
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: MOTORHOME VEHICLE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Personal
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Commercial
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: MOTORHOME VEHICLE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Rest of Europe
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Airstream Inc
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Coachmen Recreational Vehicle Company, LLC
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Bürstner GmbH & Co. KG
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Entegra Coach, Inc
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Forest River Inc.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Gulf Stream Coach Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Jayco, Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Newmar Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Hymer GmbH & Co. KG
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Thor Industries, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Tiffin Motorhomes Inc.
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Winnebago Industries, Inc.
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Motorhome Vehicle Market,' the motorhome vehicle market was valued at $29.3 billion in 2021, and is estimated to reach $62.9 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.North America is expected to dominate the global motorhome vehicle market. Recreational activities across North America have witnessed significant growth from previous years owing to changes in lifestyle and surge in inclination toward the recreational activities. U.S. accounted for a significant share in the North America motorhome vehicle market and is expected to maintain its dominance during the forecast period owing to the changes in recreational industry outlook and changes in design consideration of the motorhome vehicle.
Numerous motorhome vehicle manufacturers are launching new type C motorhome vehicles, which supplements the growth of the type C segment. For instance, in August 2019, Thor Motor Coach (TMC) launched the new Delano Sprinter Type C motorhome, which is built on a Mercedes-Benz Sprinter chassis. It includes several safety features such as active distance assist distronic, active brake assist, blind spot assist, crosswind assist, traffic sign assist, and wet wiper system.
The global motorhome vehicle market is experiencing growth due to changing outlook of the leisure & recreational activities, and rise in electrification activities. However, fluctuating prices of raw materials used for manufacturing of motorhome vehicles is the factor hampering the growth of the market. Furthermore, growing demand for technologically advanced recreational vehicles is the factor expected to offer growth opportunities during the forecast period.
COVID-19 Impact Analysis
The spread of the COVID-19 pandemic has positively impacted the global motorhome market. The global industry observed rise in the sales of motorhomes during the pandemic period as people started to prefer to stay in motorhomes and caravans in comparison to hotels. For instance, the Recreational Vehicle Industry Association observed North American RV sales rose to 4.5% in 2020, to 424,400 units.In addition, the motorhome vehicle manufacturers faced a shortage in the supply of raw materials, owing to the pandemic quarantine measures and restrictions. Majority of the domestic market participants especially from North America and Europe are dependent on the Asia-Pacific countries such as China, Australia, and other countries for the supply of the raw materials. Supply chain disruption resulted in hampered manufacturing activities of motorhome vehicles, thereby resulted in delay in the production of motorhome vehicles.
However, with the removal of lockdown restrictions, rise in the sales of motorhome vehicle has been observed, which is expected to drive the growth of the market during the forecast period. For instance, the European Caravan Manufacturer Association (CVID) reported that in 2021, nearly 260,000 motorhomes and caravans were sold in Europe alone. There was an increase of 12% in the sales of motorhomes in 2021 as compared to 2020.
KEY FINDINGS OF THE STUDY
By type, the type B segment is anticipated to exhibit significant growth in the near future.By application, the commercial segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Key players operating in the global motorhome vehicle market include Airstream, Coachmen RV, Burstner GmbH & Co. KG, Entegra Coach, Forest River Inc, Gulfstream Coach Inc, Jayco Inc, Newmar Corporation, Hymer GmbH & Co. KG, Thor Industries Inc, Tiffin Motorhomes, and Winnebago Industries.
Companies Mentioned
- Airstream Inc.
- Coachmen Recreational Vehicle Company, LLC
- Bürstner GmbH & Co. KG
- Entegra Coach, Inc.
- Forest River Inc.
- Gulf Stream Coach Inc.
- Jayco, Inc.
- Newmar Corporation
- Hymer GmbH & Co. KG
- Thor Industries, Inc.
- Tiffin Motorhomes Inc.
- Winnebago Industries, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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