The motorhomes segment of the market is anticipated to register the highest CAGR during the forecast period. The increase in the number of campgrounds in the country illustrates the increasing preference for recreational travel with motorhomes. Also, they are being widely used in the country, not only for vacation traveling, but also for tailgating, traveling with pets, for business, and as a preferred mode of transportation for outdoor sports and other leisure activities.

Among the motorhomes, the Class C motorhomes provide better fuel efficiency than the type A or B motorhomes. They are often referred to as mini-motorhomes, which provide the amenities of a larger motorhome in a scaled-down version and at a lower price. The price of these motorhomes starts from approximately USD 40,000 and goes up to USD 200,000. In addition, manufacturers are adding multiple slide-outs to increase the living space and are designing a large variety of floor plans with larger chassis versions. These hybrid class C+ (ideal for a family with 4-6 members) are currently being tested for increasing the consumer base of class C motorhomes. Such developments are anticipated to boost the growth of the segment during the forecast period.

The Asia-Pacific region is expected to generate the highest demand for recreational vehicles during the forecast period. The significant growth of the middle-class population and increasing emphasis on the development of tourism are boosting the demand for leisure-related goods and activities, like camp grounding and RV camping, in countries, including China, India, Thailand, South Korea, Australia, and Japan, which has led to an increase in demand for RVs in Asia-Pacific. In recent years, China emerged as the largest recreational vehicle market in Asia-Pacific with about 25,000 RVs purchases in 2016, and further, Chinese consumers are estimated to procure about 500,000 by 2020. The country has 56 active RV manufacturers that offer a wide range of products from towable RVs to motorhomes. Domestically produced RVs dominate the marketplace and account for the majority of the overall RV sales. Also, the RV Industry Association is working closely with government agencies and major trade groups in China, Korea, and Japan to promote the US RV standards and improve their sales. During the period of 2012 – 2017, US exports to these three countries accounted for USD 258 million. With such initiatives from the governments and promotion of self-driving and recreational vehicles, tourism is anticipated to support the growth of the market in the region during the forecast period.