Recreational Vehicle Market

Detailed market report on the recreational vehicle market, featuring industry trends, size, and forecast analysis from 2025 to 2030.

The Report Covers Global Recreational Vehicle (RV) Market Share & Size and it is Segmented by Type (Towable RVs and Motorhomes), Towable RVs (Travel Trailers, Fifth-wheel Trailers, Folding Camp Trailers, and Truck Campers), Motorhomes (Type A, Type B, and Type C), Application (Domestic and Commercial), and Geography (North America, Europe, Asia Pacific, and Rest of the world). In addition, the report offers market size and forecast for the recreational vehicle market in value (USD billion) for all the above segments.

RV Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Recreational Vehicle (RV) Market Size

Recreational Vehicle Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 35.94 Billion
Market Size (2030) USD 53.17 Billion
CAGR (2025 - 2030) 8.15 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Recreational Vehicle Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Recreational Vehicle Market with other markets in Automotive Industry

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Recreational Vehicle (RV) Market Analysis

The Recreational Vehicle Market size is estimated at USD 35.94 billion in 2025, and is expected to reach USD 53.17 billion by 2030, at a CAGR of 8.15% during the forecast period (2025-2030).

The COVID-19 crisis tremendously affected the tourism industry across the world. This derailed the sales of recreational vehicles in the market for a few months in the first half of the year 2020. However, the market's slow recovery and consumers' preference to stay in caravans than hotels can stimulate the market's growth during the forecast period. The high proliferation of rental services in emerging economies is also expected to drive the market in focus for the short term.

The growing number of active campers is contributing to the demand for RVs. The commercial usage of RVs is on the rise. Growth in peer-to-peer rental services is expected to increase popularity among millennials, which are increasingly seeking rental services. Furthermore, the increasing demand for road trips as a getaway from work-life may boost the market growth. The post-lockdown has witnessed significant growth in the use of recreational vehicles across the globe, especially in North America and Europe.

North America is likely to dominate the market. Moreover, it may expand during the forecast period, propelled by a rapidly growing number of regional recreational parks and camping grounds. More than 13,000 privately-owned and 1,600 public campgrounds within the United States enable individuals to experience camping activities with their recreational vehicles.

Because of the increase in the popularity of recreational activities, the global recreational vehicle market is expected to witness rapid growth, especially in North America and Europe. The Asia-Pacific region is expected to witness significant growth during the forecast period. As these vehicles provide a reliable and personal way to travel, it is considered the safest travel alternative because of the COVID-19 pandemic.

Recreational Vehicle (RV) Industry Overview

Key players operating in the global market include Thor Industries, Forest River Inc., Winnebago Industries, Trigano SA, and Hymer GmbH & Co. KG. Other significant players include Airstream, Crossroads RV, Highland Ridge, Skyline Corporation, DRV Luxury Suites, Cruiser RV, Dutchmen RV, Fleetwood Corporation, Grand Design RV, Kropf Industries, GMC Motorhome, Keystone RV, and Pleasure-Way Industries.

The Recreational Vehicle Market is intensely competitive with the presence of several manufacturers selling products that compete directly through product features. Companies operating in the are adopting merger & acquisition strategies coupled with partnerships and collaborations to increase their market share. For instance,

  • In January 2022, Ford and Erwin Hymer Group (EHG) announced a framework agreement to deliver customer-ready recreational vehicles and motorhomes based on Ford Transit and Ford Transit Custom.
  • In December 2021, Apollo Tourism & Leisure and Tourism Holdings Limited announced the merger of the two entities. The merger will result in Apollo Tourism & Leisure shareholders owning 25% of the combined group. This will expand Apollo's global recreational vehicle networks that include RVs' service, sales, rental, and manufacturing.

Recreational Vehicle (RV) Market Leaders

  1. Thor Industries Inc.

  2. Forest River Inc.

  3. Winnebago Industries Inc.

  4. Trigano SA

  5. Hymer GmbH & Co. KG

  6. *Disclaimer: Major Players sorted in no particular order
Recreational Vehicle Market Concentration
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Recreational Vehicle (RV) Market News

  • In January 2022, Thor unveiled a concept E.V motorhome with 300 miles range. The company stated that shifting consumer preferences in electric cars and trucks may also portray growth paths for electric motorhomes.
  • In January 2022, Winnebago Industries, a manufacturer of motorhomes, showcased its concept for an all-electric, zero-emission vehicle. This e-RV, similar to a class B RV, will include an 86-kWh battery that will provide a 125-mile driving range while also powering a variety of onboard amenities.
  • In January 2022, Thor industries revealed its new electric Airstream concept. Owing to the ZF sourced electric axle, the travel trailer can power itself and improve fuel economy for conventional ICE haulers.
  • In May 2021, at the 11th Annual Forest River Product Expo, East To West, a new division of Forest River Inc., will unveil its brand new Della Terra range of travel trailers. The new brand is anticipated to concentrate on high-quality, value-added items with a small number of floorplans, a single color scheme, and a wide range of standards.

Recreational Vehicle (RV) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Towable RVs
    • 5.1.1.1 Travel Trailers
    • 5.1.1.2 Fifth Wheel Trailers
    • 5.1.1.3 Folding Camp Trailers
    • 5.1.1.4 Truck Campers
    • 5.1.2 Motorhomes
    • 5.1.2.1 Type A
    • 5.1.2.2 Type B
    • 5.1.2.3 Type C
  • 5.2 By Application
    • 5.2.1 Domestic
    • 5.2.2 Commercial
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United states
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Spain
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Thor Industries Inc.
    • 6.2.2 Forest River Inc.
    • 6.2.3 Winnebago Industries Inc.
    • 6.2.4 REV Group
    • 6.2.5 NeXus RV
    • 6.2.6 Tiffin Motorhomes Inc.
    • 6.2.7 Triple E Recreational Vehicles
    • 6.2.8 Dethleffs GmbH & Co. KG
    • 6.2.9 Burstner GmbH & Co. KG
    • 6.2.10 The Swift Group
    • 6.2.11 Rapido Motorhomes

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Recreational Vehicle (RV) Industry Segmentation

Recreational vehicles (RVs) are most commonly used as temporary accommodation when 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.

By type, the market is segmented into towable RVs and motorhomes. By towable RVs, the market is segmented into travel trailers, fifth-wheel trailers, folding camp trailers, and truck campers. By motorhomes, the market is segmented into Type A, Type B, and Type C. By application, the market is segmented into domestic and commercial. By geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. For each segment, the market sizing and forecast have been done based on value (USD billion).

By Type Towable RVs Travel Trailers
Fifth Wheel Trailers
Folding Camp Trailers
Truck Campers
Motorhomes Type A
Type B
Type C
By Application Domestic
Commercial
By Geography North America United states
Canada
Rest of North America
Europe United Kingdom
Germany
France
Spain
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia Pacific
Rest of the World South America
Middle-East and Africa
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Recreational Vehicle (RV) Market Research FAQs

How big is the Recreational Vehicle Market?

The Recreational Vehicle Market size is expected to reach USD 35.94 billion in 2025 and grow at a CAGR of 8.15% to reach USD 53.17 billion by 2030.

What is the current Recreational Vehicle Market size?

In 2025, the Recreational Vehicle Market size is expected to reach USD 35.94 billion.

Who are the key players in Recreational Vehicle Market?

Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., Trigano SA and Hymer GmbH & Co. KG are the major companies operating in the Recreational Vehicle Market.

Which is the fastest growing region in Recreational Vehicle Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Recreational Vehicle Market?

In 2025, the North America accounts for the largest market share in Recreational Vehicle Market.

What years does this Recreational Vehicle Market cover, and what was the market size in 2024?

In 2024, the Recreational Vehicle Market size was estimated at USD 33.01 billion. The report covers the Recreational Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Recreational Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

RV Industry Report

The Global Recreational Vehicle (RV) Market is experiencing significant growth, driven by increased leisure activities, a surge in RV rental services, and advancements in electrification. Recreational vehicles, both motorized and non-motorized, provide temporary accommodations for camping, recreation, or travel. The market is divided into motorhomes (Class A, B, C) and towable RVs, with towables leading due to their affordability and ease of maintenance.

Dominated by personal use, the market is primarily driven by the popularity of outdoor touring and road trips. North America holds the largest market share, with Europe and Asia-Pacific also showing substantial growth. Lifestyle changes, demand for tech-savvy RVs, and supportive policies are contributing to market expansion, despite challenges such as environmental concerns and raw material price volatility.

Technological innovations and strategic pricing are expected to sustain market growth. The report provides comprehensive market data and a detailed industry analysis, offering insights into market trends, market size, industry statistics, and market forecast. Industry outlook and market growth are also discussed, highlighting the role of market leaders in shaping the industry's future.

For those seeking in-depth industry information, the report includes market overview, market predictions, market segmentation, and market value. The industry reports and research companies provide a thorough market review, ensuring that stakeholders have access to the latest industry research and industry trends. The report example and report pdf are available for further reference, offering a complete market outlook and market forecast for the recreational vehicle market.