Global Motor Home Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
22 Jun, 2021
The motor home market consists of sales of motor homes and related services by entities (organizations, sole traders and partnerships) that produce motor homes on purchased chassis and/or produce conversion vans on an assembly line basis. Motor homes are units where the motor and the living quarters are integrated in the same unit.
Global Motor Home Market Size And Drivers:
The global motor home market is expected to grow from $144.08 billion in 2020 to $150.63 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $201.85 billion in 2025 at a CAGR of 8%. Rising demand of motor homes is the main driver of the market.
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Trends In The Global Motor Home Market
One of the most significant trends in the motor homes manufacturing industry is the upcoming solar powered motor homes, which are basically electric motorhomes powered by solar panels and a battery pack. Dethleffs unveiled the e-home, a motorhome powered by solar panels and a battery pack. The company claims that it enables a range of 100 miles and it can support both DC fast-charging and level 2 electric vehicle charging.
Global Motor Home Market Segments:
The global motor home market is further segmented based on type, application and geography.
By Type: Self-Contained Motor Homes Assembling, Van And Minivan Conversions
By Application: Residential, Commercial
By Geography: The global motor home market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global motor home market, accounting for 51% of the market in 2020.
Read More On The Report For The Global Motor Home Market At:https://www.thebusinessresearchcompany.com/report/motor-home-global-market-report-2020-30-covid-19-impact-and-recovery
Motor Home Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides motor home market overviews, analyzes and forecasts market size and growth for the global motor home market, motor home market share, motor home market players, motor home market segments and geographies, motor home market’s leading competitors’ revenues, profiles and market shares. The motor home market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.