Market Share of Asia-Pacific Recreational Vehicle Industry
The Asia-Pacific recreational vehicle market is fragmented due to the presence of many local players and the increasing presence of global players in the region such as Thor Industries Inc, and Winnebago Industries, Inc. Many global players are forming a joint venture with local companies to increase their market presence and diversifying their product portfolio. Also, companies are incorporating the latest technologies in their motorhome to provide the best experience to the occupants. For instance,
- In 2019, at China Beijing International Recreational Vehicle and Camping ExhibitionIVECO launched its intelligent Daily Recreational Vehicle, and along with that, it displayed more than twenty imported IVECO Daily RVs. These RVs are equipped with features such as remote temperature and ventilation control, lighting, one-button parking.
- In 2018, Erwin Hymer Group entered into a joint venture with the Chinese Lingyu Group for manufacturing and sales of caravans and motorhomes the combined entity will be called as Luoyang Erwin Hymer-Loncen Caravan Co. LTD.
APAC Recreational Vehicle Market Leaders
SAIC Motor
Great Wall Motor Co., Ltd.
Thor Industries Inc.
Zhongtian Gaoke Special Vehicle Co., Ltd.
Baoding Zhongjin Braun RV Manufacturing Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
