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(Transportation-News.com, July 25, 2024 ) As per Maximize Market research, the Europe Recreational Vehicle Market size was valued at USD 29.09 Bn. in 2023 and the market is expected to reach USD 57.12 Bn. by 2030, at a CAGR of 10.12% during the forecast period.
The Europe Recreational Vehicle Market report analyzes the impact of COVID-19 lockdowns on market leaders, followers, and disruptors, showing how different regions and segments were affected. Technological advancements, like better fuel economy and easier handling, along with more entertainment and luxury options, are boosting market growth. However, the high costs of buying and maintaining RVs are challenges.
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Europe recreational vehicle market for product wise divided into motorhomes, toy haulers, fifth wheels, destination trailers, and camping trailers. Motorhomes product offering features like beds, kitchens, and bathrooms, are expected to grow at the highest rate. Germany holding about 30% of the market is leading due to its large manufacturing base and high adoption rate with a 15% rise in newly registered motor caravans in 2018. The report provides a comprehensive analysis of market dynamics, competitive landscape, and regional influences, helping decision-makers with strategies and forecasts.
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Europe Recreational Vehicle Market Segmentation
By Product Type
Motorhomes
Toy Haulers
Fifth Wheels
Destination Trailers
Camping Trailer
By End user
Construction industry
Logistics and transportation
Government bodies
Agriculture
Others
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Europe Recreational Vehicle Market Key Players:
Fleetwood RV
Forest River
Forks RV
Freightliner Custom Chassis
Grand Design RV
Lifestyle Luxury RV
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Recreational Vehicle Market size was valued at USD 47.61 Bn. in 2023 and the revenue is expected to grow at a CAGR of 3.83% from 2024 to 2030, reaching nearly USD 61.94 Bn. by 2030.
Recreational Off Highway Vehicles Market is expected to reach USD 4.45 Bn. by 2030, at a CAGR of 15.1% during the forecast period.
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