Market Size of Asia-Pacific Motor Home Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 9.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Motor Home Market Analysis
The Asia-Pacific motorhome market is expected to register a CAGR of over 9%, during the forecast period (2020 - 2025).
- Asia-Pacific is witnessing increasing demand for adventure camping as the number of camping grounds is increasing and along with that supportive plans from governments is expected to support the growth of the motorhome market during the forecast period.
- According to the Chinese government's five-year plan around 4,000 campsites are to be developed by 2020, At the end of 2018 there were around 1300 campsites are there in China. Also, the Chinese car drivers are permitted to enjoy their caravans or motorhomes with a maximum permitted weight of up to 4.5 tonnes.
- Major motorhome manufacturers are adopting various advancements in their class C versions. One of the other trends witnessed in class C models is that the manufacturers are preferring large heavy-duty vehicle chassis for making their motorhome bulky by shifting out from the van chassis. Most of these larger versions are also diesel-powered, making them apt to pull a heavier load while being more fuel-efficient, compared to gasoline engines.
- Although the motorhome culture is in its nascent stage in most of the Asian countries as compared to European and North American countries. But these countries are sleeping giant with tremendous potential for growth in future.
- US Department of Commerce's International Trade Administration estimate that the market volume in the field of motorhomes will increase to up to 300,000 new registrations by 2020.
