Caravan and Motorhome Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Caravan and Motorhome Market is Segmented by Product Type (Caravan and Motorhome), End User (Direct Buyers and Fleet Owners), and Geography (North America, Europe, Asia-Pacific, and Rest of the world). The report offers market size and forecasts in terms of value in USD billion for all the above segments.

Caravan & Motorhome Market Size

Caravan and Motorhome Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Europe
Largest Market: Europe
CAGR: 7.66 %

Major Players

Caravan and Motorhome Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

Caravan & Motorhome Market Analysis

The caravan and motorhome market was valued at USD 48.89 billion in the current year, and it is expected to reach USD 76.12 billion, registering a CAGR of 7.66% over the next five years.

The COVID-19 outbreak increased the demand for recreational vehicles. Furthermore, with the lockdown measures lifted across the world, people are willing to go camping for recreation. Several RV sellers and rental companies noticed this trend and are focusing on developing new products. For instance,

  • In May 2022, REE Automotive Ltd announced its plans to install cloud-based robotic assembly lines in its European Integration Center in Coventry, United Kingdom, beginning with its European Integration Center. The first assembly line began its operations in the second half of 2022. To meet customer demand in Europe, it will initially focus on the P7 electric platform for commercial vehicles such as walk-in delivery vans, buses, and recreational vehicles.

Customers are buying recreational vehicles due to the increase in travel activities and cost savings over other modes of transportation. The ability of an RV to be easily customized is also propelling RV technological trends at a breakneck speed. The smart home system in RVs is an important factor in the customers' choice. Companies are also developing new products in response to the increased travel and campaign activities. For instance,

  • In September 2022, at the Caravan Salon in Düsseldorf, MAN Truck & Bus and caravan and motorhome manufacturer Affinity debuted the "Affinity M." It is based on the MAN TGE, whose is modified to provide the best camping experience possible. Affinity is the Polish division of KABE AB, a Swedish caravan and motorhome manufacturer.

Motorhomes are becoming increasingly popular around the globe, particularly in Europe. The rising number of high-net-worth individuals (HNWI), combined with the availability of ample RV parking, is driving its adoption in North America and Europe.

Caravan & Motorhome Industry Segmentation

Caravans are most commonly used as temporary accommodation while traveling. However, some people use them as their main residence due to benefits like easily towable units, low fuel consumption, lower maintenance and insurance costs, and depreciation value. 

The caravan and motorhomes market is segmented by product type, end user, and Geography. By product type, the market is segmented into caravans and motorhomes. By caravan type, the market is further segmented into travel trailers, fifth-wheel trailers, folding camp trailers, and truck campers. By motorhome type, the market is sub-segmented into Type A, Type B, and Type C. By end user, the market is segmented into direct buyers and fleet owners. By geography, the market covers North America, Europe, Asia-Pacific, and the Rest of the World.

Product Type
Travel Trailers
Fifth-wheel Trailers
Folding Camp Trailers
Truck Campers
Type A
Type B
Type C
By End User
Direct Buyers
Fleet Owners
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Caravan & Motorhome Market Trends

This section covers the major market trends shaping the Caravan & Motorhome Market according to our research experts:

Motorhomes Anticipated to Gain Prominence Over the Coming Years

Camping and travel are becoming increasingly popular recreational activities among millennials. Type C motorhomes outperform type A and B motorhomes in terms of fuel efficiency. Many recreational vehicle manufacturers are introducing type C vehicles based on Ford and Mercedes-Benz chassis. For instance,

  • In August 2021, Mercedes-Benz debuted its new small van, "the new Citan," at the Düsseldorf Caravan Salon. The stand also features motorhomes based on the Mercedes-Benz Sprinter from Le Voyageur, Kabe, Eura Mobil, Alphavan, and Mercedes-Benz Marco Polo camper van models.

With the growing demand for small van (type B) motorhomes, especially in the German market, many new companies and start-ups are offering services to convert stock OEM vehicles and existing vans into campervans. For weekend getaways, many customers prefer this conversion. Despite challenging supply chain issues and trading conditions,

  • Germany's motorhome industry had a positive first quarter of 2022. New leisure vehicle registrations fell slightly by about 4.8% to 23,061 for the quarter, but this is compared to record levels from 2021. This figure is higher than in 2020 and 2019. This figure represents 17,485 new motorhomes registered.

Electric motorhomes are making their entry into the market. For instance, in January 2022, THOR Industries (THO), the world's largest RV manufacturer, proclaimed "Welcome to the Future" as it unveiled its eMobility strategy around the electrification of the RV industry. At the show, THOR displayed two electric RV concepts, a motorhome, and a travel trailer.

Such developments across type A, B, and C motorhomes are expected to contribute to the overall growth of the market over the coming years.

Caravan and Motorhome Market - Number of New Registrations of Motorhomes in Germany from 2013 to 2021, in units

North America Region Likely to Play a Key Role in the Market

Due to the growing recreational activities in the United States and Canada, North America is expected to hold a significant share of the market. The presence of key RV manufacturers may aid the market's growth over the coming years. Approximately 85% of recreational vehicles sold in the United States are manufactured in the United States. The increasing numbers reflect the increasing demand.

However, the industry was impacted by the US steel and aluminum tariffs and other duties on a slew of Chinese-made RV parts ranging from plumbing fixtures to electronic components to vinyl seat covers. Tariff-related price increases forced manufacturers to pass on some of the increased costs to consumers in the form of higher RV prices, resulting in slower sales.

The appeal of motorhomes in the United States and Canada stems primarily from their lower production, living costs, and their mobility. Given the increase in demand, major market players are launching products with cutting-edge technology in order to capture the expanding market. For instance,

  • In November 2022, Ford unveiled a new Transit van that embraces the van life culture as a whole. The Transit Trail was built for adventure from the start, with an extra 3.5 inches of ground clearance to ensure those adventures can take place in rougher terrain than just the campsite parking spot. 30.5-inch Goodyear Wrangler Workhorse all-terrain tires wrapped around 16-inch wheels, wheel arch cladding, and a 2.8-inch wider track are among the modifications. There are also driver and passenger-side slider steps.

Due to the increasing demand, several big companies in the region are adding the latest products and entering strategic mergers and acquisitions to expand their product portfolios. For instance,

  • In March 2021, Rev Recreation Group (RRG) introduced the new diesel-powered luxury motor coach, the 2021 American Dream 39RK, to add the luxury factor to recreational vehicles.

Due to such trends and developments, the market may register high growth over the coming years.

Caravan and Motorhome Market - Growth Rate By Region (2022 - 2027)

Caravan & Motorhome Industry Overview

The caravan and motorhomes market is intensely consolidated, with several manufacturers offering products with advanced features. Companies are increasing their market share through strategies such as mergers and acquisitions, partnerships, and collaborations. For instance,

  • In January 2022, Ford-Werke GmbH and Erwin Hymer Group (EHG) signed a framework agreement for the delivery of Ford Transit and Ford Transit Custom as the foundation for customer-ready recreational vehicles and motorhomes. The agreement will allow both companies to capitalize on the growing leisure vehicle market. The supply agreement includes Ford Transit panel van and skeletal chassis cab models, as well as Ford Transit Custom kombi vans, for conversion into camper vans, semi-integrated motorhomes, and alcove motorhomes by EHG brands.
  • In May 2021, East To West, a new division of Forest River Inc., was set to debut its brand new line of travel trailers, Della Terra, at the 11th Annual Forest River Product Expo. The new brand focuses on high-quality, value-added products with a limited number of floorplans, one color scheme, and a broad selection of standards.
  • In April 2021, Jayco Inc. announced the launch of a new Customer Experience Software tool across all divisions, including Jayco, Entegra Coach, Highland Ridge, and Starcraft. The tool utilizes Qualtric Software to provide real-time customer experience data accessible anytime, anywhere.

Caravan & Motorhome Market Leaders

  1. Thor Industries Inc.

  2. Forest River Inc.

  3. Winnebago Industries Inc.

  4. Hymer GmbH

  5. Trigano SA

*Disclaimer: Major Players sorted in no particular order

Caravan & Motorhome Market Concentration

Caravan & Motorhome Market News

  • September 2022: Hymer GmbH & Co. KG unveiled their new car concept, Venture S. The Venture S is attracting a lot of market attention due to its innovative features like the distinctive Instant Loft, a pneumatic pop-top roof with an integrated stairway, as well as the striking tailgate with its real glass Infinity Screen that offers 180-degree panoramic views and an exclusive sun deck.
  • June 2022: John Coopers Leisure, a well-known name in the trailer, caravan, and motorhome industries, announced its plan to open a dealership and expand its offerings in servicing, towing, and camping accessories. The business will be expanded to include a larger caravan/motorhome accessory shop, motorhome sales, a secure storage facility for motorhomes and caravans, and a larger workshop for repairs and servicing.
  • March 2022: Mahindra partnered with Campervan Factory to produce reasonably priced RVs based on the Bolero Camper Gold pickup truck platform. The camper trucks, according to the automaker, will have sleeping and dining space for four people, as well as running water and appliances such as a mini-fridge, television, microwave, and even an optional air conditioner.
  • March 2022: Mahindra signed a collaboration agreement with Campervan Factory Pvt. Ltd, a research-based, IIT Madras-incubated caravan manufacturing company, to launch budget-friendly luxury campers in India. These well-equipped campers, based on the double-cab Mahindra Bolero Camper Gold platform, will cater to the self-drive tourism segment that is gaining popularity in the country.

Caravan & Motorhome Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market size in value USD Billion)

    1. 5.1 Product Type

      1. 5.1.1 Caravan

        1. Travel Trailers

        2. Fifth-wheel Trailers

        3. Folding Camp Trailers

        4. Truck Campers

      2. 5.1.2 Motorhome

        1. Type A

        2. Type B

        3. Type C

      3. 5.1.3 By End User

        1. Direct Buyers

        2. Fleet Owners

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.2.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Thor Industries Inc.

      2. 6.2.2 Swift Group

      3. 6.2.3 Forest River Inc.

      4. 6.2.4 Winnebago Industries Inc.

      5. 6.2.5 Burstner GmbH & Co. KG

      6. 6.2.6 Triple E Recreational Vehicles

      7. 6.2.7 Hymer GmbH & Co. KG

      8. 6.2.8 Jayco Inc.

      9. 6.2.9 Dethleffs GmbH & Co. KG

      10. 6.2.10 Knaus Tabbert AG

      11. 6.2.11 Trigano SA


**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Caravan & Motorhome Market Research FAQs

The Caravan and Motorhome Market is studied from 2018 - 2028.

The Caravan and Motorhome Market is growing at a CAGR of 7.66% over the next 5 years.

The Caravan and Motorhome Market is valued at 48 Billion USD in 2018.

The Caravan and Motorhome Market is valued at 76 Billion USD in 2028.

Europe is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2021.

Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., Hymer GmbH, Trigano SA are the major companies operating in Caravan and Motorhome Market.

Caravan and Motorhome Industry Report

Statistics for the 2023 Caravan and Motorhome market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Caravan and Motorhome analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!