Market Size of Europe Motor Home Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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European Motor Homes Market Analysis
The Europe Motorhome Market was valued at USD 8.94 billion in 2021 and is expected to reach USD 13.51 billion by 2027, registering a CAGR above 7% during the forecast period (2022 - 2027).
The COVID-19 outbreak and subsequent shutdowns have had an impact on the motorhome market in European countries. The negative effects of the pandemic can be seen in the sales figures for the first few months of 2020 and 2021 in the significant market. However, the motorhome market began to gain traction, and as campers began to prefer safer motorhome vacations, growth is expected to continue in the coming years.
Over the long term, the incorporation of advanced technology for reducing carbon emissions and improve the fuel efficiency of the motor home. Electrification and installation of portable solar panels for motor homes are the major innovation areas for the companies to invest in. Now small functions such as lighting and heating in the camper can be possible with mobile applications. The increasing demand for adventure camping and camping grounds in Europe and initiatives from governments and the promotion of motor home tourism is expected to support the growth of the motorhome market during the forecast period.
The high initial purchase cost is one of the major factors limiting the market growth. The use of innovative and high-quality materials to reduce the weight of recreational vehicles, as well as the customization of interior and exterior features, will significantly increase the overall vehicle cost.
