A motorhome is a type of
self-propelled recreational vehicle (RV) which offers living accommodation
blended with a car engine. Motorhomes include motors or trailers designed or
modified for endeavor or delight activities which include holidays and camping,
each on and stale highways. Motorhomes are ready with facilities consisting of
dozing, kitchen, and rest room for use for the duration of tour and camping.
Some of them have sound asleep accommodation for 2 to eight people, and these
vehicles are concern to the identical registration and licensing as other cars.
Motorhomes are widely used for get-away sports as well as typically utilized
crosswise over different sports just like the celebration, shows, and multi-day
occasions. Motorhomes have a further preferred function of diminishing
excursion fees over other normal get-away sporting activities. There are many
advantages of motorhome market that includes journeying along with convenience,
comfort, family appeal, affordability, the lure of the outdoors and
adaptability. Motorhomes come with all the centers inclusive of kitchen,
king-size bed, a washer and dryer, tv set, recessed lighting, a double-huge
refrigerator, and a running fireplace.
According to study, “Motor
Home Global Market Report 2019” the key companies operating in the
global motor home market are Winnebago Industries Inc., Tiffin Motorhomes Inc.,
Berkshire Hathaway, Entegra Coach, Coachmen, Hymer GmbH & Co. KG, Advanced
RV, Caravans International CI, Entegra Coach, Dethleffs GmbH & Co. KG, Forest
River Inc., Challenger, American Coach, Auto-Trail, Fleetwood, Rimor, Hobby,
Chausson, KNAUS, Mobilvetta, Adria Mobil. The key players are consolidating
their sales by further reducing the costs, however smaller players are focusing
adding new product launches and expansions.
Based on type, motor home market is
segmented into Class A, Class B, Class B+ and Class C. Class C provide better
fuel efficiency than the Class A or B motorhomes. Their size varies from 20
ft-33 ft. Based on product, market is segmented into self-contained motor homes
assembling, van and minivan conversions. Based on application, market is
segmented into Business Activities and Leisure Activities. In addition, based
on end-user, market is segmented into direct buyers and fleet owners.
The motor home market is driven by
increase in the adoption rate of motorhomes by the younger generation, followed
by growth in economy, rise in requirement for a motorhome rental, increase in
number of people owning the motorhomes for household purposes and growth in
advent of motorhomes with technological improvements. However, rise in the
manufacturing cost for motor home may impact the market. Additionally, the most
significant trends of the motor homes manufacturing industry consist of using
the upcoming solar powered equipped motor homes that are basically electric
motorhomes powered by solar panels and a battery pack.
Based on geography, North-American
region dominates the global motorhome market owing to growth in travel and
tourism in the region. Whereas, the European and Asian-Pacific regions are
estimated to witness higher growth rate due to increase the interest of young
and old generation in motorhomes over the forecast period. In near future, it
is predicated that the market will be reached at rapid pace on account of
increase in technological advancements and high-tech featured motorhomes
coupled with growth in population during the forecast period.
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