Open road: Steady disposable income will ensure consumers continue to seek out RV and camper van rentals
The past five years have brought revenue growth for RV and camper van rental agencies as consumers were less able to purchase personal RVs and camper vans and instead turned to rental services. Supply issues amid the COVID-19 pandemic pushed prices through the roof, and severe inflation and interest rate hikes made renting the better option for camping enthusiasts and brought revenue growth for rental dealers. Industry-wide revenue has been growing at a CAGR of 2.1% over the past five years and is expected to total $829.7 million in 2023, when revenue will jump by an estimated 0.6%.
This industry rents or leases recreational vehicles (RVs) and camper vans. Consigning recreational vehicles on behalf of private owners is included in this industry. Retailing RVs and lease-to-own and time-sharing arrangements are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cruise America Inc.
- Tourism Holdings Limited
Methodology
LOADING...
