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North America Travel Trailers Market

RVs are Recreating the Way Travel is Being Perceived. Check Out North American Travel Trailers Market's Economic Picture

North America Travel Trailer Market by Exterior Construction Material, Type & Region - Forecast 2022 – 2032

North America Travel Trailers Market (2022-2032)

[333 Pages Report] In 2022, the travel trailers market in North America is anticipated to generate US$ 33.95 billion. Sales are anticipated to grow at a strong 18.10% CAGR, with a market value of US$ 112.4 billion by 2032. The North America travel trailers market accounts for 8–10% of all recreational vehicle sales.

In North America, there was significant growth in the North America travel trailers market from 2017 to 2021. The Travel trailers market is estimated to rise quickly throughout the projected period. The RV sector has grown steadily in recent years.

With a car loaded with bags and a family in tow, a long-distance road trip may be mind-numbing. Flying may be quite expensive and is not recommended for hauling a lot of heavy, bulky items. However, with a new RV, they would be able to view all the sites in luxury.

Attribute

Details

The North America Travel Trailers Travel Sector Market Estimated Size (2022)

US$ 33.95 Billion

The North America Travel Trailers Market Projected Size (2032)

US$ 112.4 Billion

The North America Travel Trailers Market Value-based CAGR (2022-2032)

18.10%

The North America Travel Trailers Market Top players market share

~6%- 10%

RVs are in popular demand, as the times for check-in and check-out are irrelevant. The choice of when and where to eat and sleep belongs to each individual. People are welcome to bring as many bicycles, frisbees, and tennis rackets as they want to indulge in their favorite pastimes.

Moreover, along with retirees who own RVs and travel vehicles to spend their post-career years, a younger generation (aged 33-55) is increasingly living in and traveling in RVs and conversion vans.

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What Are Key Drivers for the Growth of the North America Travel Trailers Market?

“The North American recreational vehicle market is anticipated to develop throughout the forecast period as a result of favorable demographic trends for RVs.”

This trend, which is witnessing significant growth in both RV ownership and rental, is mostly due to the aging baby boomer demographic, whose values are compatible with RV travel and who have the necessary discretionary spending.

In North America, the demographics of recreational vehicles are highly favorable. These vehicles are often used by the elderly or geriatric population who are beginning to approach retirement.

The bulk of North American consumers, according to Future Market Insights, are between the ages of 35 and 54. The 18 to 34 age group is a new market sector that manufacturers are increasingly focusing on.

Country-Wise Insights

Which Nation In North America Has The Biggest Market Share?

The United States is expected to dominate the market during the Forecast Period.

In terms of value, the United States had the leading position in the North America recreational vehicle market in 2022, followed by Canada.

Over the projection period, the travel trailers market in the United States is anticipated to maintain its robust expansion. RV ownership is very common among US families—over 9% of them own one. The cost of travel can be between 20 and 60% less than it would be on a conventional holiday. This generation is more likely to travel in a trailer, with approximately 47.6 million US households owning one.

In the US, the majority of RV owners are 55 or older. As the Baby Boomer generation nears retirement, the number of Americans in that age range is rapidly increasing. As a result, it is anticipated that ownership of travel trailers will increase throughout the projected period.

Macro demographic factors are a major driver of this rapid expansion, which attracts both strategic purchasers and private equity firms to the travel trailers market. The travel trailers business has experienced a wave of consolidation in recent years, which has led to the dominance of a few North America travel trailers market bigger players that represent many of the top brands in the market.

What is the Travel Trailers Market Outlook in Canada?

“Due to positive demographic trends for RVs, it is predicted that the Canada travel trailers market would grow throughout the projection period.”

An increasing number of RV travelers are predicted to flock to isolated parts of Canada as RV travel in North America continues to increase. Recreational vehicles (RVs) are more than just a practical means to get around and enjoy the outdoors for many Canadians; they are a way of life.

Moreover, this makes it unsurprising that recreational vehicles have a substantial effect on the Canadian economy. The RV business generates a substantial and diverse amount of economic activity, which covers everything from RV production, sales, and services to the costs associated with using, storing, and traveling in RVs.

The RV industry supported an estimated 67,200 jobs directly and indirectly and added $4.8 billion in new economic value to the Canadian economy from an original investment of $6.2 billion in 2019.

RV producers in Canada earned an estimated $416 million in sales of manufactured products (shipments) in 2019, according to Statistics Canada's Monthly Survey of Manufacturing.

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Category-wise Insights

Which Type Of Travel Trailers Is Anticipated To Boost Industry Expansion?

“During the forecast period, the motor home sector is likely to dominate the market.”

The motor home category dominated in 2022 in terms of revenue share, in large part due to the roomy cabin, generous cargo space, and top-notch luxury amenities. Due to their independence from carriers, motor homes have a better market representation. Additionally, the usage of travel trailers is also encouraged by the appeal of camping among younger generations with higher income levels.

During the projected period, the market segment for motor homes is anticipated to have the greatest CAGR. The growing popularity of motor home recreation travel is demonstrated by the rise in the number of campsites across the nation. Additionally, they are frequently used around the nation for a variety of purposes, including business travel, tailgating, traveling with pets, and participating in outdoor sports and other leisure activities.

Compared to other types of RVs, class C motor homes provide higher fuel efficiency. They are sometimes referred to as mini-motor homes and offer all the comforts of a bigger motor home in a smaller, more affordable package.

How Competition Affects North America Travel Trailers Market?

Vacation trailers demand in North America has increased significantly over the past few years as travelers look for better travel experiences more frequently. As a result, travel trailer manufacturers are altering their designs to reflect the shifting patterns in visitor behavior.

For instance

  • In 2021, RVezy, a peer-to-peer marketplace for renting recreational vehicles (RVs) and campervans in North America, raised about $19 million ($23 million Canadian dollars).
  • Hymer USA, a division of Thor Industries, Inc. that would be dedicated to creating and selling recreational vehicles used in European customs, was established in January 2020.

Heartland Recreational Vehicles, Tiffin Motor homes Inc., and Winnebago Industries Inc. are Pilfering the Market

To meet consumer needs, North American tourism businesses are putting quality first. Key companies in the North American travel trailers market are given numerous opportunities by this. Additionally, the RV business is being supported by robust RV sales and intense consumer interest.

Moreover, this prognosis supports what has been seen across the nation, where people are turning to RVs as a means of environmental control and freedom to travel and lead active outdoor lifestyles. These North America travel trailers market trends are likely to continue during the forecast period.

For instance, with numerous locations in Iowa, Indiana, Minnesota, and Florida, Winnebago Industries manufactures high-quality RVs, travel trailers, fifth-wheel products, pontoons, inboard/outboard, and stern drive powerboats, and commercial community outreach vehicles.

Product development and the addition of new features to already existing items are the manufacturers' constant priorities. Additionally, companies that are still building their brands introduce new products.

For instance, Tiffin Motorhomes introduced the Allegro Bay, which includes a 24-gallon liquid propane tank and a Truma AquaGo Comfort Instant Water Heater as standard equipment. Also, the "All-Electric Coach," which has an induction cook top that does away with the need for a propane tank, and the AquaHot Ultra Compact Hydronic Heating System, are what make the product attractive.

Furthermore, a lot of school systems are providing remote instruction, and plenty of parents are already working from home. This presents a great chance for families to rent an RV and travel to the nation's historical landmarks.

Previously, this was not feasible due to the school timetable. More than 8 million kids were affected by this decision, which was made by 73% of the 100 biggest school districts in the United States as of September 2. This gives the travel tourism business great potential to introduce new products in the market.

To increase sales, businesses are also providing customized services. For instance, Heartland Recreational Vehicles offers advice on how to improve your RV experience, favorite road trip recipes, evaluations of campgrounds and resorts, owner testimonials, and more. In addition, they launched their own podcast to describe their life path, trips, and more in order to keep up with current trends.

RVs can be outfitted for specialized usage like disaster assistance and other professional and specialist applications. RVs can be built to serve as mobile offices, medical clinics, isolation units, bathrooms and showers, laundries, bunkrooms, command centres, and schools. It can be used by families who have lost their homes or as a temporary residence for contractors and aid workers at disaster sites. Happy Campers, Casual Campers, Adventure Seekers, Escapists, Avid RVers, Full Timers, and Family Campers are just a few of these.

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Key Players

  • Thor Industries Inc.
  • Winnebago Industries Inc.
  • Forest River Inc.
  • REV Group
  • NeXus RV
  • Triple E Recreational Vehicles
  • Tiffin Motor homes Inc.
  • Starcraft RV Inc.
  • Heartland Recreational Vehicles
  • Airstream
  • Northwood Manufacturing
  • Others

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ billion for Value

Key Region Covered

North America

Key Countries Covered

  • United States
  • Canada
  • Mexico
  • Rest of North America

Key Segments Covered

  • Exterior Construction
  • Type
  • Motor homes
  • Region.

Key Companies Profiled

  • Thor Industries Inc.
  • Winnebago Industries Inc.
  • Forest River Inc.
  • REV Group
  • NeXus RV
  • Triple E Recreational Vehicles
  • Tiffin Motor homes Inc.
  • Starcraft RV Inc.
  • Heartland Recreational Vehicles
  • Airstream
  • Northwood Manufacturing
  • Others

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

North America Travel Trailers Sector Market by Category

By Exterior Construction Material:

  • Wood
  • Aluminum
  • Others

By Type:

  • Motor homes
    • Class A Motor Homes
    • Class B Motor homes
    • Class C Motor homes
  • Travel Trailers & Camper
    • Conventional Travel Trailer
    • Fifth-Wheel Travel Trailer
  • Camping Trailer
    • Folding Camping Trailer
    • Truck Camper

By Region:

  • US
  • Canada
  • Rest of North America

Frequently Asked Questions

The North America travel trailers market is expected to reach a valuation of US$ 33.95 billion in 2022.

The North America travel trailers market is anticipated to expand at a 9% CAGR over the forecast Period.

Growing popularity of new technology and increasing mergers & acquisitions etc. are the key trends in the market.

Leading players in the North America Travel Trailers market are estimated to account for approximately 5%-8% of the total share.

In 2022, the United States hold the greatest market share for recreational vehicles in North America.

Table of Content

1. Executive Summary

    1.1. North America Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. North America Travel Trailers Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. North America Travel Trailers Market Analysis 2017-2021 and Forecast 2022-2032, By Exterior Construction Material

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Exterior Construction Material, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Exterior Construction Material, 2022-2032

        5.3.1. Wood

        5.3.2. Aluminum

        5.3.3. Other Materials

    5.4. Y-o-Y Growth Trend Analysis By Exterior Construction Material, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Exterior Construction Material, 2022-2032

6. North America Travel Trailers Market Analysis 2017-2021 and Forecast 2022-2032, By Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type , 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type , 2022-2032

        6.3.1. Motor Home

            6.3.1.1. Class A

            6.3.1.2. Class B

            6.3.1.3. Class C

        6.3.2. Travel Trailer & Campers

            6.3.2.1. Conventional Travel Trailer

            6.3.2.2. Fifth-Wheel Travel Trailer

        6.3.3. Camping Trailer

            6.3.3.1. Folding Camping Trailer

            6.3.3.2. Truck Camper

    6.4. Y-o-Y Growth Trend Analysis By Type , 2017-2021

    6.5. Absolute $ Opportunity Analysis By Type , 2022-2032

7. North America Travel Trailers Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021

    7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032

        7.3.1. North America

    7.4. Market Attractiveness Analysis By Region

8. North America Travel Trailers Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Exterior Construction Material

        8.2.3. By Type

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Exterior Construction Material

        8.3.3. By Type

    8.4. Key Takeaways

9. Key Countries Travel Trailers Market Analysis

    9.1. U.S.

        9.1.1. Pricing Analysis

        9.1.2. Market Share Analysis, 2021

            9.1.2.1. By Exterior Construction Material

            9.1.2.2. By Type

    9.2. Canada

        9.2.1. Pricing Analysis

        9.2.2. Market Share Analysis, 2021

            9.2.2.1. By Exterior Construction Material

            9.2.2.2. By Type

10. Market Structure Analysis

    10.1. Competition Dashboard

    10.2. Competition Benchmarking

    10.3. Market Share Analysis of Top Players

        10.3.1. By Regional

        10.3.2. By Exterior Construction Material

        10.3.3. By Type

11. Competition Analysis

    11.1. Competition Deep Dive

        11.1.1. Thor Industries Inc.

            11.1.1.1. Overview

            11.1.1.2. Product Portfolio

            11.1.1.3. Profitability by Market Segments

            11.1.1.4. Sales Footprint

            11.1.1.5. Strategy Overview

                11.1.1.5.1. Marketing Strategy

                11.1.1.5.2. Product Strategy

                11.1.1.5.3. Channel Strategy

        11.1.2. Winnebago Industries Inc.

            11.1.2.1. Overview

            11.1.2.2. Product Portfolio

            11.1.2.3. Profitability by Market Segments

            11.1.2.4. Sales Footprint

            11.1.2.5. Strategy Overview

                11.1.2.5.1. Marketing Strategy

                11.1.2.5.2. Product Strategy

                11.1.2.5.3. Channel Strategy

        11.1.3. Forest River Inc.

            11.1.3.1. Overview

            11.1.3.2. Product Portfolio

            11.1.3.3. Profitability by Market Segments

            11.1.3.4. Sales Footprint

            11.1.3.5. Strategy Overview

                11.1.3.5.1. Marketing Strategy

                11.1.3.5.2. Product Strategy

                11.1.3.5.3. Channel Strategy

        11.1.4. REV Group

            11.1.4.1. Overview

            11.1.4.2. Product Portfolio

            11.1.4.3. Profitability by Market Segments

            11.1.4.4. Sales Footprint

            11.1.4.5. Strategy Overview

                11.1.4.5.1. Marketing Strategy

                11.1.4.5.2. Product Strategy

                11.1.4.5.3. Channel Strategy

        11.1.5. NeXus RV

            11.1.5.1. Overview

            11.1.5.2. Product Portfolio

            11.1.5.3. Profitability by Market Segments

            11.1.5.4. Sales Footprint

            11.1.5.5. Strategy Overview

                11.1.5.5.1. Marketing Strategy

                11.1.5.5.2. Product Strategy

                11.1.5.5.3. Channel Strategy

        11.1.6. Triple E Recreational Vehicles

            11.1.6.1. Overview

            11.1.6.2. Product Portfolio

            11.1.6.3. Profitability by Market Segments

            11.1.6.4. Sales Footprint

            11.1.6.5. Strategy Overview

                11.1.6.5.1. Marketing Strategy

                11.1.6.5.2. Product Strategy

                11.1.6.5.3. Channel Strategy

        11.1.7. Tiffin Motorhomes Inc.

            11.1.7.1. Overview

            11.1.7.2. Product Portfolio

            11.1.7.3. Profitability by Market Segments

            11.1.7.4. Sales Footprint

            11.1.7.5. Strategy Overview

                11.1.7.5.1. Marketing Strategy

                11.1.7.5.2. Product Strategy

                11.1.7.5.3. Channel Strategy

        11.1.8. Heartland Recreational Vehicles

            11.1.8.1. Overview

            11.1.8.2. Product Portfolio

            11.1.8.3. Profitability by Market Segments

            11.1.8.4. Sales Footprint

            11.1.8.5. Strategy Overview

                11.1.8.5.1. Marketing Strategy

                11.1.8.5.2. Product Strategy

                11.1.8.5.3. Channel Strategy

        11.1.9. Airstream

            11.1.9.1. Overview

            11.1.9.2. Product Portfolio

            11.1.9.3. Profitability by Market Segments

            11.1.9.4. Sales Footprint

            11.1.9.5. Strategy Overview

                11.1.9.5.1. Marketing Strategy

                11.1.9.5.2. Product Strategy

                11.1.9.5.3. Channel Strategy

        11.1.10. Triple E Recreational Vehicles

            11.1.10.1. Overview

            11.1.10.2. Product Portfolio

            11.1.10.3. Profitability by Market Segments

            11.1.10.4. Sales Footprint

            11.1.10.5. Strategy Overview

                11.1.10.5.1. Marketing Strategy

                11.1.10.5.2. Product Strategy

                11.1.10.5.3. Channel Strategy

12. Assumptions & Acronyms Used

13. Research Methodology

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List of Tables

Table 1: North America Travel Trailers Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: North America Travel Trailers Market Volume (Units) Forecast by Region, 2017-2032

Table 3: North America Travel Trailers Market Value (US$ Mn) Forecast by Exterior Construction Material, 2017-2032

Table 4: North America Travel Trailers Market Volume (Units) Forecast by Exterior Construction Material, 2017-2032

Table 5: North America Travel Trailers Market Value (US$ Mn) Forecast by Type, 2017-2032

Table 6: North America Travel Trailers Market Volume (Units) Forecast by Type, 2017-2032

Table 7: North America Travel Trailers Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 8: North America Travel Trailers Market Volume (Units) Forecast by Country, 2017-2032

Table 9: North America Travel Trailers Market Value (US$ Mn) Forecast by Exterior Construction Material, 2017-2032

Table 10: North America Travel Trailers Market Volume (Units) Forecast by Exterior Construction Material, 2017-2032

Table 11: North America Travel Trailers Market Value (US$ Mn) Forecast by Type, 2017-2032

Table 12: North America Travel Trailers Market Volume (Units) Forecast by Type, 2017-2032

Sneha Verghese
Principal Consultant
LinkedIn
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List of Charts

Figure 1: North America Travel Trailers Market Value (US$ Mn) by Exterior Construction Material, 2022-2032

Figure 2: North America Travel Trailers Market Value (US$ Mn) by Type, 2022-2032

Figure 3: North America Travel Trailers Market Value (US$ Mn) by Region, 2022-2032

Figure 4: North America Travel Trailers Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 5: North America Travel Trailers Market Volume (Units) Analysis by Region, 2017-2032

Figure 6: North America Travel Trailers Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 7: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 8: North America Travel Trailers Market Value (US$ Mn) Analysis by Exterior Construction Material, 2017-2032

Figure 9: North America Travel Trailers Market Volume (Units) Analysis by Exterior Construction Material, 2017-2032

Figure 10: North America Travel Trailers Market Value Share (%) and BPS Analysis by Exterior Construction Material, 2022-2032

Figure 11: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Exterior Construction Material, 2022-2032

Figure 12: North America Travel Trailers Market Value (US$ Mn) Analysis by Type, 2017-2032

Figure 13: North America Travel Trailers Market Volume (Units) Analysis by Type, 2017-2032

Figure 14: North America Travel Trailers Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 15: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 16: North America Travel Trailers Market Attractiveness by Exterior Construction Material, 2022-2032

Figure 17: North America Travel Trailers Market Attractiveness by Type, 2022-2032

Figure 18: North America Travel Trailers Market Attractiveness by Region, 2022-2032

Figure 19: North America Travel Trailers Market Value (US$ Mn) by Exterior Construction Material, 2022-2032

Figure 20: North America Travel Trailers Market Value (US$ Mn) by Type, 2022-2032

Figure 21: North America Travel Trailers Market Value (US$ Mn) by Country, 2022-2032

Figure 22: North America Travel Trailers Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 23: North America Travel Trailers Market Volume (Units) Analysis by Country, 2017-2032

Figure 24: North America Travel Trailers Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 25: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 26: North America Travel Trailers Market Value (US$ Mn) Analysis by Exterior Construction Material, 2017-2032

Figure 27: North America Travel Trailers Market Volume (Units) Analysis by Exterior Construction Material, 2017-2032

Figure 28: North America Travel Trailers Market Value Share (%) and BPS Analysis by Exterior Construction Material, 2022-2032

Figure 29: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Exterior Construction Material, 2022-2032

Figure 30: North America Travel Trailers Market Value (US$ Mn) Analysis by Type, 2017-2032

Figure 31: North America Travel Trailers Market Volume (Units) Analysis by Type, 2017-2032

Figure 32: North America Travel Trailers Market Value Share (%) and BPS Analysis by Type, 2022-2032

Figure 33: North America Travel Trailers Market Y-o-Y Growth (%) Projections by Type, 2022-2032

Figure 34: North America Travel Trailers Market Attractiveness by Exterior Construction Material, 2022-2032

Figure 35: North America Travel Trailers Market Attractiveness by Type, 2022-2032

Figure 36: North America Travel Trailers Market Attractiveness by Country, 2022-2032

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North America Travel Trailers Market