Motorhomes Market in North America 2015-2019 - New Market Study Published

From: Fast Market Research, Inc.
Published: Tue Sep 08 2015

Motorhomes include automobiles or trailers designed or modified for recreation or pleasure activities such as vacations and camping, both on and off highways. They are a type of self-propelled RVs, which offer complete living accommodation while on the move. Motorhomes are equipped with facilities such as sleeping, kitchen, and bathroom for use during travel and camping. Some of them have sleeping accommodation for two to eight people, and these vehicles are subject to the same registration and licensing as other automobiles.

Technavio's analysts forecast the motorhome market in North America to grow at a CAGR of 16.16% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The motorhomes market in North America is driven by several factors, including favorable IRS tax deductions. As per an IRS rule, a motorhome, with basic sleeping, cooking, and toilet facilities, can be used as security for a loan. As long as the motorhome meets the IRS standards, irrespective of how it is used, one can claim the motorhome as a second home. Change in lifestyles and preferences also contributes to the growth of the motorhome market in North America."

According to the report, the motorhomes market in North America shows immense potential to grow in the future because of the emergence of certain trends, such as an increase in ownership affordability. Other than first-hand purchases, motorhomes are available as pre-owned vehicles as well, just like any other pre-owned item.

Further, the report states that the cost incurred for a motorhome purchase is one of the biggest challenges in the motorhome market.

The key players in the Motorhomes Market in North America are Forest River, Gulf Stream Coach, Northwood Manufacturing, Thor Industries and Winnebago Industries while other prominent vendors include AL-Ko- AXIS, Cruiser, Fleetwood, Freightliner Custom Chassis, Grand Design, Great West Vans, Heartland Recreational Vehicles, Jayco, Lance Camper, Leisure Travel Vans, Lifestyle Luxury, Newmar, Renegade, Roadtrek Motorhomes, Spartan Chassis, Tiffin Motorhomes and Universal Trailer

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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