Recreational Vehicle Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global recreational vehicle (RV) market is expected to grow at a CAGR of 5.00% during the forecast period 2025-2034.

The rising trend by rental operators of renting recreational vehicles (RVs) to expand their RV fleet size to match the increasing demand from clients is projected to aid the market growth. The use of RVs has also significantly improved worldwide, not only for tourism and holiday purposes but also for festivals, events, and multi-day activities, which is further driving the industry growth.

Market Segmentation

“Recreational Vehicle Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Towable RVs
• Motor Homes

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

In order to maintain recreational vehicle market position, factors including the advent of cost-sharing ownership in a rental framework are expected to play a significant role in the segment of towable recreational vehicles (RVs). The market is also being aided by factors such as the growing acceptance of recreational vehicles (RVs) by various generations of customers, increased exposure leading to increased revenues, and the incorporation of sophisticated techniques into RVs. However, the recreational vehicle (RV) ownership issues and market sensitivity to macroeconomic factors may hinder the growth of the recreational vehicle industry during the forecast period.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global recreational vehicle (RV) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Thor Industries Inc. (NYSE: THO)
• Forest River Inc.
• Winnebago Industries Inc.
• REV Group Inc.
• Nexus RVS LLC
• Tiffin Motorhomes Inc.
• Triple E Canada Ltd.
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.