Market Size of North America Motor Home Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Motor Home Market Analysis
The North America Motor Home Market is poised to register a CAGR of over 5.0% over the forecast period (2020 - 2025).
- Recreational vehicles are designed for temporary living quarters for camping, recreational, travel, or seasonal use, and classified into two main types, such as motorhomes and towable.
- Motorhomes are not only used for vacation activities but are also widely used across various activities like the festival, concerts, and multi-day events. Motorhomes have an added advantage of reducing vacation costs by an average of 55% over other conventional vacation activities. The aforementioned benefits have been driving an increasing demand for motorhomes in the market over the past two years (2017-2018), and this is likely to continue during the forecast period.
- United States captured a major share North America motorhome market, owing to the increasing number of households owning motorhomes (a majority owned by millennials) and the growing demand for motorhome rentals.
