The Report Titled on “Global Motor Home Market – Growth, Trends, and Forecast (2019 – 2023)”, Delivers Information studies of the current situation (with the base year being 2019) and the growth prospects of global Motor Home Forecast market 2019-2023.
“Motor Home Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Motor Home Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
The Key Players covered in this study:-
Blue Bird Wanderlodge, Burstner Motorhomes, Dethleff Motorhomes, Hymer AG, Pilote, Rapido Motorhomes, Swift Leisure, Thor Industries, Triple E Recreational Vehicles, Winnebago Industries,
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Overview of Motor Home Market Report:
The market is projected to grow at a CAGR of 7.02% over the forecast period 2019-2023. North America contributed to a market share of over 50%, followed by Europe in 2017. IRS (Internal Revenue Service) regulations proclaim that a motorhome with basic sleeping, cooking and bathroom facilities can be used as security for a loan and can also be claimed as a second home when met with IRS norms. The growth of the motorhome market is reflected by the enduring appeal of the motorhome lifestyle, even more so in the context of the economic revival in the country.
Upcoming motorhomes are compact, efficient and aerodynamically advanced with higher fuel economy. The increase in fuel cost affects freight rates and other costs indirectly, where fuel surcharges are attached. Such surcharges could be avoided to a considerable extent in case of motorhomes.
Advantages of Motorhomes
Fuel prices for the entire vacation could be 66% less in case of motorhomes instead of a conventional vacation without a motorhome
80% of the motorhomes sold in North America and Europe are non-motorized, which explains the popularity of these type of RVs in the region
30% of motorhome owners (including fleet owners) have a diesel towed motorhome, promoting greater fuel efficiency and fuel combustion.
Based on the provision of comfort, motorhomes are categorized into three typesClass A, Class B, and Class C. The first category is regarded as the most expensive and luxurious, offering an expansive front window for viewing the surrounding landscape and berths that convert into a lounge or dinette area. Class B is treated as semi-integrated and possesses a double bed at the rear of the vehicle. Finally, the Class C, also known as coach built, provides a double berth over the driving cab.
Availability of pre-owned vehicles and rental companies offering housekeeping packages to consumers will drive the market for motorhomes during the forecast period. Market leaders are now trying to employ extensive promotional activities to propagate the popularity of motorhomes in the potential developing markets of the Asia-Pacific region.
Major Players: DETHLEFF MOTORHOMES, RAPIDO MOTORHOMES, SWIFT LEISURE, THOR INDUSTRIES, WINNEBAGO INDUSTRIES, amongst others.
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Market Segment by Regions, regional analysis covers
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)