North America Travel Trailers Market is Expected to Reach a Valuation of US$112.4 Billion By 2032


The travel trailers business has experienced a wave of consolidation in recent years, which has led to the dominance of a few North America travel trailers market bigger players that represent many of the top brands in the market.

NEWARK, DE / ACCESSWIRE / September 28, 2022 / the North America travel trailer market is expected to have a CAGR of 18.10 % during the forecast period. The valuation of the market is predicted to reach US$112.4 billion in 2032, from US$33.95 billion in 2022.

Travel and tourism are becoming more and more important on a worldwide scale, opening up the attractive potential for industry growth. By 2032, travel and tourism will continue to boost the business by increasing the demand for outdoor camping activities.

The World Tourism Organization reports that compared to 2020, worldwide tourism climbed by 4% in 2021, boosting sector growth. Rapid technical breakthroughs have increased consumer demand for electric leisure vehicles with the development of improved batteries and electric power trains (RVs).

Consumers are adopting electric and hybrid RVs as a result of severe automotive pollution rules, which support market data. The business is rapidly expanding as a result of the integration of cutting-edge technologies, like driver assistance and accident prevention systemsinto RVs to increase passenger and pedestrian safety.

Coronavirus fears are causing tourists to load up their families into RVs and look for campgrounds around the nation, which looks to be causing the sector to experience another boom. Moreover, COVID-19 has contributed by giving families a self-contained travel option that avoids interacting with restaurants and motels directly.

Request a sample [email protected] https://www.futuremarketinsights.com/reports/sample/rep-na-3246

46% of respondents to a Thor Industries survey of RV renters conducted in December 2020 stated they had never leased an RV before the pandemic.

The market for RVs increased significantly in the spring and summer of 2020, according to dealers and RV manufacturers, including Thor Industries, Winnebago, and Forest River. According to industry analysts, there may be more prosperous months to come.

Key Takeaway From The Industry

  • The North America travel trailers market is expected to reach US$ 59 billion, with a CAGR of 9% during the forecast period.
  • The valuation of the North America travel trailers market is US$33.95 billion in 2022.
  • The RV business supported approximately 600,000 employees in 2019, delivering more than $32 billion in salaries and more than $12 billion in federal, state, and local taxes.
  • Overall, the RV industry had a $114 billion economic effect on the US economy.
  • In Canada, the industry is responsible for over $3.8 billion in retail sales each year.
  • Elon Musk’s SpaceX Starlink launched $135 per month Internet services for recreational vehicles, which is one of the factors driving the industry’s development.
  • The pandemic sparked a renewed passion for safe, reclusive van and RV living.

North America Travel Trailers Market Competitors Following the Market Trends

Major market players are concentrating on business expansion to increase their market presence. This opens up several prospects for important travel trailer manufacturers in North America. Strong RV sales and great consumer interests are also supporting the RV industry.

Ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-na-3246

Leading players operating in the North America Travel Trailer Sector market are – Thor Industries Inc., Winnebago Industries Inc., Forest River Inc., REV Group, NeXus RV, Triple E Recreational Vehicles, Tiffin Motorhomes Inc., REV Group, Inc., Starcraft RV, Inc., Heartland Recreational Vehicles, Airstream, Northwood Manufacturing, etc. are among others.

Recent Developments

  • In 2021, RVezy, a peer-to-peer marketplace for renting recreational vehicles (RVs) and campervans in North America, raised about $19 million ($23 million Canadian dollars).
  • Hymer USA, a division of Thor Industries, Inc. that would be dedicated to creating and selling recreational vehicles used in European customs, was established in January 2020.
  • Winnebago Industries manufactures high-quality RVs, travel trailers, fifth-wheel products, pontoons, inboard/outboard and stern drive powerboats, and commercial community outreach vehicles.

North America Travel Trailers Sector Market by Category

By Exterior Construction Material:

By Type:

Motorhomes:

  • Class A Motor Homes
  • Class B Motor homes
  • Class C Motor homes

Travel Trailers & Camper:

  • Conventional Travel Trailer
  • Fifth Wheel Travel Trailer

Camping Trailer:

  • Folding Camping Trailer
  • Truck Camper

Ask For [email protected] https://www.futuremarketinsights.com/customization-available/rep-na-3246

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the North America Travel TrailerMarket, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-to 2032. The study divulges compelling insights on the North America Travel Trailer Market based on Exterior Construction Material (Wood, Aluminium, Others), By Type (Motorhome (Class A, Class B, Class C), Travel Trailer &Campers (Conventional Travel Trailer, Fifth-Wheel Travel Trailer), Camping Trailer (Folding Camping Trailer, Truck Camper)), across major North American regions.

Table of Content

1. Executive Summary

1.1. North America Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

Read More TOC…..

Have a Look at Related Research Reports of Travel and Tourism

Cultural Travel Market Forecast: The global Cultural travel market is estimated to be valued at US$ 462.50 Million in 2022 and is projected to increase at a CAGR of 6.54% in the forecast period from 2022 to 2032

Customization and Personalization in Travel Market Size: The global customization and personalization in travel market size is expected to reach US$620.71 Million in 2032. The customization and personalization in travel market is growing rapidly

Digital Travel Market Demand: The global digital travel market is anticipated to be appraised at of US$1.618 billion by 2032, up from US$400 billion in 2022

Managed Travel Distribution Market Analysis:Managed travel distribution has altered the travel and tourism landscape by facilitating tailor-made, convenient, and cost-effective travel plans especially for corporate travelers

Travel Agency Services Market Size: The Global travel agency services Overview is estimated at US$ 407.7 Bn in 2022 and is projected to reach US$ 510.0 Bn by 2032, at a CAGR of 11.5% from 2022 to 2032

Medical Tourism Market Sales: The medical tourism market Size is likely to register a growth of 30.5% CAGR during the assessment period of 2022 and 2032

US Car Rental Market Share: The US car rental market is likely to hold a moderate CAGR of 5% in the global market, during the forecast period. The US car rental market holds a forecasted revenue of US$32 Bn in 2022, and is expected to cross US$59.7 Bn by 2032

European Union Tourism Market Value: The European Union tourism market, whose valuation stands at US$ 585 billion as on 2022, is projected to grow at a CAGR of 8%, and the valuation is expected to go up to US$ 1262.97 billion in 2032

Japan Faith-based Tourism Market Type: The Japan faith-based tourism market size is projected to surpass US$447 Mn in 2022. As per the report, sales are projected to increase at a CAGR of 10.5% over the assessment period

Airport Security Market Outlook: The Global Airport Security market is estimated to reach US$ 13 Bn in 2022. As per the report, sales are forecast to increase at a robust 5% CAGR, with the market valuation reaching US$ 21.18 Bn by 2032

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Inquiries: [email protected]

SOURCE: Future Market Insights, Inc.

.

Leave a Comment

Your email address will not be published. Required fields are marked *