Market Size of North America Motor Home Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Motorhome Market Analysis
The North America Motor Home Market is poised to register a CAGR of over 5.0% over the forecast period (2020 - 2025).
- Recreational vehicles are designed for temporary living quarters for camping, recreational, travel, or seasonal use, and classified into two main types, such as motorhomes and towable.
- Motorhomes are not only used for vacation activities but are also widely used across various activities like the festival, concerts, and multi-day events. Motorhomes have an added advantage of reducing vacation costs by an average of 55% over other conventional vacation activities. The aforementioned benefits have been driving an increasing demand for motorhomes in the market over the past two years (2017-2018), and this is likely to continue during the forecast period.
- United States captured a major share North America motorhome market, owing to the increasing number of households owning motorhomes (a majority owned by millennials) and the growing demand for motorhome rentals.
North America Motorhome Industry Segmentation
The North America Motor Home Market covers the latest motorhome demand trends, technological development, latest government policies, etc. Also covers market share of major Motorhome manufacturers across the region.
By Type | |
Class A | |
Class B | |
Class C |
By End-User | |
Fleet Owners | |
Direct Buyers | |
Other End Users |
Geography | |||||
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North America Motor Home Market Size Summary
The North America motorhome market is experiencing a robust growth trajectory, driven by the increasing popularity of recreational vehicles designed for temporary living quarters. Motorhomes, a significant segment of this market, are gaining traction not only for vacation purposes but also for events like festivals and concerts, offering a cost-effective alternative to traditional vacation methods. The United States holds a substantial share of the market, fueled by a rising number of households, particularly among millennials, who own motorhomes and a growing demand for motorhome rentals. Class C motorhomes, known for their better fuel efficiency and budget-friendly options, are particularly popular among families. These vehicles, built on automotive van frames, offer amenities similar to larger motorhomes but in a more compact and affordable package, making them an attractive choice for budget-conscious consumers.
The United States serves as a global manufacturing hub for recreational vehicles, with a significant increase in RV ownership, as highlighted by studies from the Recreation Vehicle Industry Association. Motorhomes are increasingly used for various purposes beyond travel, such as tailgating, business, and outdoor sports, reflecting a broader trend towards recreational travel. The expansion of campgrounds and the presence of numerous motorhome dealers across the country cater to the rising demand. The market is further bolstered by technological advancements in motorhomes, appealing to younger consumers, and a favorable economic environment. Major players like Thor Industries, Winnebago Industries, and Tiffin Motorhomes are competing to meet the demand for fuel-efficient and electric drive vehicles, expanding their product offerings to capture a larger market share.
North America Motor Home Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Class A
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2.1.2 Class B
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2.1.3 Class C
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2.2 By End-User
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2.2.1 Fleet Owners
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2.2.2 Direct Buyers
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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North America Motor Home Market Size FAQs
What is the current North America Motor Home Market size?
The North America Motor Home Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Motor Home Market?
Thor Industries, Inc.,, Winnebago Industries, Inc, Tiffin Motorhomes Inc., Forest River, Inc. and BÜRSTNER GMBH & CO. KG are the major companies operating in the North America Motor Home Market.