North America Recreational Vehicle Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

According to a study commissioned by the Recreation Vehicle Industry Association, the US ownership of RVs is increasing at a fast pace. 

One of the primary reason propelling the growth of the market is a rise in income, employment, and household wealth. However, owing to the rise in the manufacturing cost for RV manufacturers and RV dealers adjusting their inventories due to changes in inventory carrying costs, there is a decline in the sales of RVs.

Additionally, newer and younger RV owners and shoppers demonstrate higher and more robust shopping intentions than older RVers. Most current owners say they may probably purchase another RV sometime in the future. Furthermore, baby-boomers are also propelling the demand for and sales of motorhomes. They prefer an experience-seeking lifestyle post-retirement, thus, they prefer motorhomes, as well as travel trailers as a viable and convenient option, due to the fuel economy offered by them.

Type B motorhomes are commonly called van campers. They are driven like a family van and are however smaller in size, compared to the type A motorhomes. These are built on the chassis of a full-sized van and feature a raised roof to facilitate walking upright.

These vehicles provide the campers with comfortable sleeping quarters and all the necessities, along with some luxurious features, such as refrigerator, hot water, air conditioning, and heating. However, they miss out some features, such as full sized entertainment system and laundry facilities, owing to their small size.

These motorhomes are less expensive in nature and are preferred by consumers who have 2-3 family members, and occasional campers. They cost between USD 60,000 and USD 130,000, with the difference in price arising from different models providing different amenities.

Being smaller in size, the major advantages of type B motorhomes are maneuverability and the ease of driving.