Report Scope & Overview:

Recreational Vehicle Market Size was valued at USD 63.16 billion in 2022 and is expected to reach USD 107.72 billion by 2030 and grow at a CAGR of 6.9% over the forecast period 2023-2030.

Recreational vehicles, also known simply as RVs, are specialized automobiles that have been outfitted to provide sleeping quarters for their passengers. Because of its many useful qualities, such as detachable and mobile sleeping quarters, recreational vehicles are favored in a wide variety of business sectors and applications. It comes with a bathroom, a kitchen, a bedroom, and all of the other facilities that are necessary in a place to stay. In addition, this vehicle is useful for a variety of outdoor activities such as camping, hunting, and fishing, all of which take place in the great outdoors. The advancements made in the automotive sector pave the way for the development of improved and superior leisure vehicles that are capable of providing opulent sleeping quarters.

Recreational Vehicle Market  Revenue Graph

In 2021, Pottery Barn, a portfolio brand of Williams-Sonoma, Inc., will collaborate with Airstream, a brand of travel trailers, to launch a new collection of statement décor and accessories. The collection will be inspired by the spirit of adventure and will allow travelers to take the comforts of home with them wherever they go.



  • The increased peak power and minimal engine noise are also helping to boost the market's outlook.

  • Rental services for recreational vehicles are on the rise.

  • The utilization of recreational vehicles in movies is on the rise.

  • The growing interest in high-end luxury goods.

  • The surge in spending by millennials on recreational vehicles is the driving force behind the market.


  • Fluctuating costs for raw materials.

  • The market's potential expansion could be hampered by the high costs of vehicle maintenance.


  • An opportunity will arise from the government's focus on pollution-free gas engine technology.

  • Innovations in recreational vehicle design and technology.

  • Personal recreational vehicles are becoming increasingly popular with consumers.

  • The increasing demand for a high-quality lifestyle presents new opportunities for industrial expansion.


  • Recreational vehicles come with hefty insurance and road tax costs.

  • The high expense of owning a recreational vehicle is putting downward pressure on the market.


The COVID 19 disease epidemic has had a profound effect on the lives of those who have been infected. It will take some time to get back on track after the pandemic is over because the changes have been profound. Throughout the world, people and businesses alike have suffered tremendous losses in these terrible times. Returning migrant workers will have an effect on the economies of the countries where they were working. As a result, their native countries may benefit from this advantage. As a result, now is the perfect time for any firm to start discussing ways and means to put their company on the road to success. In order to recoup the time, money, and other resources that have been misplaced, it is necessary to take into account a number of factors.


Thor Industries, Inc., Heartland Recreational Vehicles, LLC, Gulf Stream Coach, Inc., Eclipse Recreational Vehicles, Inc., Skyline Corporation, Coachmen Recreational Vehicle Company, Starcraft RV, Inc., Monaco RV LLC, Jayco Inc., Fleetwood RV, Inc. are some of the affluent competitors with significant market share in the Recreational Vehicle Market.


Market, By Application:

The global market has been divided into industrial, commercial, and residential based on the application segment. It is anticipated that the commercial sector would record the highest growth rate in the market. This is due to the fact that commercial RVs are finding significant traction as a result of the expanding tourism industry around the world.

Market, By Fuel:

The global market has been divided into gasoline, and diesel based on the fuel segment. It is expected that the gasoline segment would expand by roughly 8% due to lower carbon emissions and lower maintenance. As a result of lower piston movements, gasoline engines have a longer lifespan than diesel engines, which will help the industry grow. The increased peak power and minimal engine noise are also helping to boost the market's outlook.

Market, By Vehicle type:

The global market has been divided into motorhomes, and towable RVs based on the vehicle type segment. Approx. 45% of the market was occupied by towable RVs. Towable RVs are in high demand since they are less expensive than motorized RVs and do not have an integrated engine or powertrain. Reducing the on-road cost of recreational vehicles by towing them with an existing truck or panel van is possible with towable recreational vehicles.


By Application:

  • Industrial

  • Commercial

  • Residential

By Fuel:

  • Gasoline

  • Diesel

By Vehicle Type:

  • Motorhomes

  • Towable RVs

Recreational Vehicle Market Segment Chart


Recreational vehicles are divided into four categories by geography: Europe, North America, Asia Pacific, and the remainder of the world. Recently, the value of recreational vehicles on the North American market has increased dramatically, and this trend is projected to continue. In North America, eco-friendly products have become more common because of the country's government's attempts to safeguard the environment. In response to the growing demand for these vehicles, the capital market has grown significantly, resulting in an increase in recreational vehicle Size In the market.

There has also been a significant increase in the value of the Mexican stock market. There is reason to believe that this increasing trend will continue for some time. The number of industrial companies in Mexico has also increased. Because of Europe's growing demand for transportation and efforts to minimize emissions, these vehicles have proven to be a godsend to the continent's citizens. European markets are projected to rise soon as a result.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Throttle Position Sensor Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 63.16 Billion
Market Size by 2030 US$ 107.72  Billion
CAGR CAGR of 11% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Potentiometer, Socket, Comprehensive)
• by Sales Channel (OEM, Aftermarket)
• by Vehicle Type (Passenger Vehicles, Commercial vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Thor Industries, Inc., Heartland Recreational Vehicles, LLC, Gulf Stream Coach, Inc., Eclipse Recreational Vehicles, Inc., Skyline Corporation, Coachmen Recreational Vehicle Company, Starcraft RV, Inc., Monaco RV LLC, Jayco Inc., Fleetwood RV, Inc.
Key Drivers •The increased peak power and minimal engine noise are also helping to boost the market's outlook.

•Rental services for recreational vehicles are on the rise.
RESTRAINTS •Fluctuating costs for raw materials.

•The market's potential expansion could be hampered by the high costs of vehicle maintenance.

Frequently Asked Questions

Ans:- The market size is expected to reach USD 94.27 billion by 2028.

Ans:- The commercial sector is expected to see the most significant growth.

Ans:- Yes.

Ans:- Thor Industries, Inc., Heartland Recreational Vehicles, LLC, Gulf Stream Coach, Inc., Eclipse Recreational Vehicles, Inc., Starcraft RV, Inc., Monaco RV LLC, Jayco Inc., and Fleetwood RV, Inc. are the most prominent players in the market.

Ans:- North American region is anticipated to be the primary driver of the market.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Recreational Vehicle Market Segmentation, By Application

8.1 Industrial

8.2 Commercial

8.3 Residential


9. Global Recreational Vehicle Market Segmentation, By Fuel

9.1 Gasoline

9.2 Diesel


10. Global Recreational Vehicle Market Segmentation, By Vehicle Type

10.1 Motorhomes

10.2 Towable RVs


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America


12. Company Profiles

12.1 Gulf Stream Coach, Inc.,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Thor Industries, Inc.

12.3 Eclipse Recreational Vehicles, Inc.

12.4 Coachmen Recreational Vehicle Company

12.5 Heartland Recreational Vehicles, LLC

12.6 Starcraft RV, Inc.

12.7 Skyline Corporation

12.8 Monaco RV LLC

12.9 Jayco Inc.

12.10 Fleetwood RV, Inc.


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Data Bank Validation

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