Happy camper: Rising consumer income and confidence have bolstered growth

The Recreational Vehicle Manufacturing industry is expected to grow significantly, as rising disposable income and consumer confidence have encouraged consumers to purchase RVs. Additionally, industry demand improved as a result of US residents taking more domestic trips, as RVs and travel trailers are mostly used for domestic travel. As consumers had greater access to credit, they were more likely to finance big-ticket purchases, such as travel trailers and motor homes. With the economy continuing to strengthen, industry revenue is expected to increase as disposable income and consumer spending gradually improve. Additionally, demographic trends that support the industry, such as the retirement of baby boomers, will continue to drive growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Rising disposable income and consumer confidence have encouraged consumers to purchase RVs
  • Industry operators have increased hiring during the five-year period in light of increased demand
  • The US dollar is expected to depreciate, making domestic RVs and travel trailers less expensive in foreign markets
  • Industry Report - Industry Key Buyers Chapter

    The Recreational Vehicle Manufacturing industry exhibits a moderate level of market share concentration, and the industry's four largest companies are estimated to account for less than 70.0% of total industry revenue in 2017. The industry has become increasingly concentrated in recent years, largely due to merger and acquisition activity and stronger-than-average performance on the part of the industry's major players. For example, major player Thor Industries Inc. acquired Jayco Corp. for $576.0 million in 2016, substantially expanding the company's share of the total RV market. Many of the industry's large-scale companies are also vertically integrated, which gives them a competitive advantage because they can reduce production costs. Giv...purchase to read more.

    Additional Insights for the Recreational Vehicle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Recreational Vehicle Manufacturing Industry are

  • Ability to expand or cut operating divisions in line with market conditions
  • Having an extensive distribution network
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Number of adults aged 50 and older in the Recreational Vehicle Manufacturing industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Number of adults aged 50 and older
  • Yield on 10-year Treasury note
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Demand surges
  • Merging lanes
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry concerns
  • Popularity contest
  • Table: Recreational Vehicle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Recreational Vehicle Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Recreational Vehicle Dealers
  • Tourism
  • Consumers

  • Key Selling Industries
  • Aluminum Manufacturing
  • Major Household Appliance Manufacturing
  • Truck & Bus Manufacturing

  • Products & Services
  • Travel trailers
  • Fifth-wheel trailers
  • Class C motor homes
  • Class A motor homes
  • Folding campers
  • Class B motor homes
  • Truck campers
  • Chart: Recreational Vehicle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic consumers aged 35 to 54
  • Domestic consumers aged 55 to 64
  • Domestic consumers aged 34 and younger
  • Exports
  • Domestic consumers aged 65 and older
  • Chart: Major Market Segmentation for the Recreational Vehicle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Recreational Vehicle Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Recreational Vehicle Manufacturing Industry

  • Industry Globalization
    Thor Industries Inc., Berkshire Hathaway Inc., Winnebago Industries, Inc.,
  • Table: Thor Industries Inc. - financial performance
  • Table: Berkshire Hathaway Inc. - financial performance
  • Table: Winnebago Industries, Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Recreational Vehicle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Recreational Vehicle Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Domestic trips by US residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Floor Plan Financing
  • A type of financing used to fund purchases of vehicles intended for sale.
  • Recreational Vehicle (Rv)
  • A type of motorized or nonmotorized vehicle that includes motor homes, travel trailers and camping trailers.
  • Towable Rv
  • A type of RV that must be attached to a separate vehicle using a trailer hitch.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Recreational Vehicle Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Recreational Vehicle Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Recreational Vehicle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Recreational Vehicle Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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