Motor Home Market Characteristics
The motor home market consists of sales of motor homes 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.
Competitive Landscape of the Motor Home Market
Major players in the global motor home market include Forest River, REV Group, Keystone RV, Jayco, Thor Industries.
Motor Home Market Size
The motor home market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the motor home manufacturing market is due to increased need for leisure activities and growing per capita income.
However, the market for motor home is expected to face certain restraints from several factors such as weak wage growth in developed economies, inconsistency in service delivery, automation affecting small and medium firm.
Motor Home Market Segmentation
The global motor home market is further segmented based on type and geography.
By Type - The global motor home market is further segmented self-contained motor homes assembling, van and minivan conversions, among these segments, the self-contained motor homes assembling market accounts for the largest share in the global motor home market.
By Geography - The global motor home is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific motor home market accounts the largest share in the global motor home market.
Trends in the Motor Home Market
Motor home industry coming with solar powered motor homes is the major trends witnessed in the global motor home market.
Potential Opportunities in the Motor Home Market
With emerging markets growth, technology development, the scope and potential for the global motor home market is expected to significantly rise in the forecast period.
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