LONDON--(BUSINESS WIRE)--Jul 30, 2018--According to the latest market research report released by Technavio, the recreational vehicle (RV) market in North America is expected to accelerate at a CAGR of over 8% during the forecast period. The substantial cost savings by using RVs over conventional modes of vacation is one of the key factors triggering the growth of the market.

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Technavio has published a new market research report on the recreational vehicle market in North America from 2018-2022. (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the recreational vehicle market in North America into the following geographical regions:

US Rest of North America

In 2017, the US accounted for 91.07% of the global market and is projected to decline to 89.96% by 2022, exhibiting almost 1.11% decrease in market share.

Recreational vehicle market in North America: Top emerging trend

Installation of solar technology in RVs is an emerging trend in the recreational vehicle space. Conventionally, the engines of RVs or external generators were used to power electrical appliances fitted in RVs. But, these power sources were not economical and environment-friendly as they would require fossil fuels and contribute to air and noise pollution, thereby leading to additional costs. Hence, solar energy is a safe alternative to fossil fuels such as gasoline for the generation of electricity.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Recreational Vehicle Market in North America Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (US and rest of North America) Market segmentation by RV type (towable RVs and motorized RVs)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Camping World Holdings, Forest River, Gulf Stream Coach, Northwood Manufacturing, REV Group, THOR INDUSTRIES, Winnebago Industries)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005716/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: AUTOMOTIVE RECREATIONAL VEHICLES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/30/2018 03:03 PM/DISC: 07/30/2018 03:03 PM

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