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(Transportation-News.com, February 13, 2019 )
Stratview Research announces the launch of a new research report on Recreational Vehicle (RV) Composite Panels Market by Product Type (Towables and Motorized), by Application Type (Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel), by Resin Type (Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels), by Core Material Type (PS Foam, PU Foam, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
Recreational Vehicle Composite Panels Market: Highlights
As per Stratview Research, Recreational vehicle composite panels market continued its disruptive journey in 2018. The next five years for the market are going to be more vigorous with attractive growth opportunities in the entire ecosystem of the market. It is estimated that the recreational vehicle composite panels market will reach an estimated value of US$ 554.9 million in 2024. Organic growth in the production of recreation vehicles supported by growing outdoor participation activities and conversion of tent participants to RV enthusiasts is the prime growth driver of the market. An incessant shift from traditional wood panels to composite panels in RV is aiding additional growth in the market, ultimately driving the segment to grow at an above-industry growth rate in the foreseeable future.
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Camping roughly accounts for one-third of the total US outdoor participation activity. In camping, recreation vehicles activity represents one of the major outdoor activities, especially in the North American and European countries. RV campers have been increasing progressively as the activity allows campers to freely move at any destination at any time. RV vehicles include camping vehicles, either motorhomes or large trailers towed by trucks.
Over a period of time, the RV industry has experienced a remarkable transition in the panel's technology in terms of material and design. Nowadays, RVs panels are preferably being made with composites rather than wood or metals. Weight reduction is the key requirement of RV OEMs which gives an extra room to
OEMs to take the comfort of customers to the next level by adding more luxury items. Although the price of composite panels is higher, these panels are marking greater penetration in the industry as OEMs are gradually abolishing wood panels for sidewalls and floors, which are prone to damage or moisture intrusion.
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Ritesh Gandecha
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