Motorhome Vehicle Global Market Report 2024

The motorhome vehicle market size has grown strongly in recent years. It will grow from $33.16 billion in 2023 to $36.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The expansion observed in the historical period can be ascribed to factors such as the retirement of the baby boomer generation, a growing desire for freedom and flexibility, increased disposable income, the popularity of camping and outdoor lifestyles, and the development of RV parks and infrastructure.

The motorhome vehicle market size is expected to see strong growth in the next few years. It will grow to $49.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated expansion in the forecast period can be credited to environmental consciousness, the upsurge in adventure tourism, the incorporation of smart and connected features, a preference for shorter weekend getaways, and the influence of the sharing economy. Key trends expected in this period encompass innovative design and the use of lightweight materials, the prevalence of digital nomadism, ongoing technological advancements, the integration of luxury and high-end features, and the incorporation of autonomous driving technology.

The anticipated growth in the motorhome vehicle market is expected to be propelled by the rise in the global tourism industry. The tourism industry encompasses all businesses directly providing products or services to support activities related to business, pleasure, and leisure outside the home. Motorhomes serve as mobile accommodations, enabling travelers to stay in convenient and pleasant locations while on the road. For example, in August 2022, the World Travel and Tourism Council reported a $1 trillion increase (+21.7% growth) in the GDP contribution of the global travel and tourism sector in 2021, reaching $5.8 trillion. The sector's share of the overall economy also rose to 6.1% in 2021, and global travel and tourism jobs increased by 18.2 million to 289.5 million. Consequently, the surge in the global tourism industry is a driving force behind the growth of the motorhome vehicle market.

The increasing prevalence of outdoor recreational activities is expected to contribute to the growth of the motorhome vehicle market. Outdoor recreational activities involve leisure and entertainment pursuits in natural outdoor environments. Motorhomes offer flexibility for travel to different outdoor destinations, convenience, access to remote locations, spontaneous decision-making, cost-efficient accommodation options, a sense of independence, and a lower environmental impact, promoting a more sustainable and eco-friendly way of traveling. For instance, in January 2022, the Outdoor Industry Association reported a 2.2% increase in the number of people participating in outdoor recreation in 2021, reaching 164.2 million. Therefore, the growth of outdoor recreational activities is a key driver behind the expansion of the motorhome vehicle market.


The motorhome vehicle market is witnessing a significant trend with the introduction of product innovations. Major companies in the motorhome market are incorporating advanced technologies to maintain their market positions. For example, in March 2023, Grounded, a US-based automotive company, unveiled the Grounded 1 electric RV, marking the world's first smart and customizable electric recreational vehicle. Built on Ford's E-Transit platform, the G1 boasts a range of up to 108 miles, delivering a smooth ride and handling. Its spacious interior includes amenities such as a pull-out table, bench seating, a kitchen equipped with a sink, refrigerator/freezer, and an induction cooktop. Furthermore, the integration of 650 watts of solar electricity enhances appliance functionality and contributes to the powertrain's charge.

Major companies in the motorhome vehicle market are concentrating on the development of innovative technologies, such as advanced material technology for the automated production of caravans, to drive market revenues. Advanced material technology for automated caravan production involves the use of automated or robotic systems in the manufacturing process of caravans, designed for travel and recreation. In July 2022, Knaus Tabbert AG, a Germany-based company specializing in caravan and motorhome manufacturing, introduced seal healing fiber frame technology. This technology streamlines the production process while enhancing the structural integrity of caravans. The automated production method is expected to enhance accuracy and efficiency, resulting in high-quality and consistently manufactured caravans. The fiber frame components are automatically bonded to create a solid frame, eliminating the need for manual assembly. This innovation enhances the value, stability, and sustainability of vehicles, making them more durable and stable.

In September 2023, MBH Corporation plc, a UK-based investment holding company, acquired Lincoln Leisure Vehicles Limited and Golden Castle Caravans Limited, aiming to expand its leisure vertical business line. Lincoln Leisure Vehicles Limited, a UK-based company, specializes in manufacturing motorhomes, while Golden Castle Caravans Limited, also UK-based, focuses on the automotive industry, particularly caravans and motorhomes. This acquisition aligns with MBH Corporation's strategy of acquiring profitable small- to medium-sized businesses across diverse industries and locations, fostering growth and development in the leisure sector.


Major companies operating in the motorhome vehicle market report are Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., REV Group Inc., Fleetwood RV Inc., Jayco Inc., Knaus Tabbert GmbH, Tiffin Motorhomes Inc., Newmar Corporation, Heartland Recreational Vehicles LLC, Gulf Stream Coach Inc., Hobby-Wohnwagenwerk Ing, Airstream Inc., Carthago Reisemobilbau GmbH, Dethleffs GmbH & Co KG, Holiday Rambler Corporation, Adria Mobil Doo, Hymer GmbH & Co KG, Monaco Coach Corporation, Coachmen Recreational Vehicle Company LLC, Niesmann + Bischoff GmbH, Triple E Recreational Vehicles, Renegade RV, Bürstner GmbH & Co KG, Midwest Automotive Designs LLC, Pleasure-Way Industries Ltd., Entegra Coach, American Coach, Rapido Motorhomes SA, Nexus RV LLC.

North America was the largest region in the motorhome vehicle market in 2023. The regions covered in the motorhome vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the motorhome vehicle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories of motorhomes include type A, type B, and type C. Type A encompasses self-propelled motorhomes equipped with either diesel or gas engines. These motorhomes come in various classes, including entry-level, mid-range, and luxury models, catering to both personal and commercial use. The end users of these motorhomes include fleet owners and direct buyers.

The motorhome vehicle market research report is one of a series of new reports that provides motorhome vehicle market statistics, including motorhome vehicle industry global market size, regional shares, competitors with a motorhome vehicle market share, detailed motorhome vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the motorhome vehicle industry. This motorhome vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The motorhome vehicle market consists of sales of camping vehicle and luxury traveling vehicle. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.