Market Size of Asia-Pacific Recreational Vehicle Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 12.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Recreational Vehicle Market Analysis
The Asia-Pacific recreational vehicle market is expected to register a CAGR of over 12%, during the forecast period (2020 - 2025).
- The significant increase in the middle-class population and increasing emphasis on the development of tourism are boosting the demand for leisure-related goods and activities, like camp grounding and RV camping, in China, Australia, and Japan, which has led to an increase in demand for RVs in Asia-Pacific.
- 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.
- Although the RV culture is in its nascent stage in most of the Asian region as compared to Europe and North America. But these region has tremendous potential for growth in the future.
