Global Travel Trailer And Camper Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
5 Mar, 2021
The travel trailer and camper market consists of sales of travel trailers and campers and related services by entities (organizations, sole traders and partnerships) that produce travel trailers and campers designed to attach to motor vehicles, pick-up coaches (i.e., campers) and caps (i.e., covers) for mounting on pick-up truck and/or produce automobile, utility and light-truck trailers. Travel trailers do not have their own motor but are designed to be towed by a motor unit, such as an automobile or a light truck.
Global Travel Trailer And Camper Market Size And Drivers:
The global travel trailer and camper market is expected to grow from $88.51 billion in 2020 to $92.93 billion in 2021 at a compound annual growth rate (CAGR) of 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 $139.62 billion in 2025 at a CAGR of 11%. Advances in technology are expected to be a continued driver of travel trailer and camper market growth in the forecast period.
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Trends In The Global Travel Trailer And Camper Market
Travel trailer and camper manufacturers are increasingly installing solar panels in travel trailers for the creation of a sustainable environment. A travel trailer traditionally depends on the use of noisy generators for its functioning. Solar panels do not make noise and are ultra-portable, lightweight. Solar panels can be easily mounted on trailers and convert sunlight into power which can be used for functioning of travel trailers.
Global Travel Trailer And Camper Market Segments:
The global travel trailer and camper market is further segmented based on type, application and geography.
By Type:Travel Trailer, Camper
By Application: On-Road, Off-Road
By Geography:The global travel trailer and camper 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 travel trailer and camper market, accounting for 34% of the market.
Read More On The Report For The Global Travel Trailer And Camper Market At:https://www.thebusinessresearchcompany.com/report/travel-trailer-and-camper-global-market-report-2020-30-covid-19-impact-and-recovery
Travel Trailer And Camper Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides travel trailer and camper market overviews, analyzes and forecasts market size and growth for the global travel trailer and camper market, travel trailer and camper market share, travel trailer and camper market players, travel trailer and camper market segments and geographies, travel trailer and camper market’s leading competitors’ revenues, profiles and market shares. The travel trailer and camper market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.