Zion Market Research Global Recreational Vehicles Market, 2015–2021 | Page 3

Recreational Vehicles Market
Some of the major growth factors of the global recreational vehicles market are high-tech
features, advanced technology, improved economy, and higher consumer confidence. In
addition, increasing interest of young and old generation in recreational vehicles will also boost
the recreational vehicle’s market in the near future. Moreover, cool gadgets and innovative
features will also increase the demand in the coming future. Technological advancements and
high-tech features integrated into these vehicles will impact the growth of the market in a
positive way.
On the basis of product type, the global recreational vehicles market is segmented as the travel
trailer, motor homes, camping trailers, and campers. The motorhomes segment is further sub-
segmented as type-A motorhomes, type-B motorhomes, and type-C motorhomes. The travel
trailers segment is also sub-segmented as fifth-wheel travel trailers and conventional travel
trailers. The camping trailers segment is sub-segmented as folding camping trailer and truck
camper.
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Asia Pacific is the leading segment in the global recreational vehicle market owing to its
increasing population and stable financial conditions. In addition, China is the growing market
for recreational vehicles, as its focus is mainly on tourism, campgrounds, and the recreational
vehicles industry. Also, factors such as improving economy and demand for leisure-related
goods and activities boost the global market in China. North America is anticipated to witness
significant growth. Furthermore, the U.S. is dominating the global market in the North American
region due to factors such as exponential economic growth and healthier financing environment.