Europe Caravan and Motorhome Market: Industry Analysis and Forecast (2023-2029)
Europe Caravan and Motorhome Market was valued at USD 12.9 billion in 2022. Europe Caravan and Motorhome Market size is estimated to grow at a CAGR of 7.5 % over the forecast period.
Format : PDF | Report ID : SMR_1317
Europe Caravan and Motorhome Market Definition:
Caravans are generally regularly utilized for temporary accommodation when traveling. Besides, a great many people use them as their primary home because of advantages, for example, effectively towable units, low fuel utilization, lower maintenance and insurance costs, and depreciation value. Moreover, the limit of a RV to be modified quiet is invigorating RV's innovative patterns at huge speed. The smart home framework in Motorhome is one of the significant elements in choosing the client's decision. Setting up camp and travelling are growing being famous among millennials, as a part of recreational activity.
Further, the Europe Caravan and Motorhomes market is segmented by Product Type Caravan & Motorhome, End User and geography. On the basis of Product type Caravan & Motorhomes, the Caravan and Motorhomes market is segmented under. Travel Trailers, Fifth-Wheel Trailers, Folding Camp Trailers, Truck Campers and Motorhomes Type A, Type B, and Type C. Based on the End User, the Caravan and Motorhomes market is segmented under the channels of Direct buyers and Fleet owners. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe for each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).
Europe Caravan and Motorhome Market Dynamics: The Camping and caravanning sector is likely to witness steady growth in the next few years. The market is ly growing with an increasing number of populations adopting such lifestyle. Popularity of caravans has increased due to flexibility it offers for accommodation at remote locations, when compared to hotels or other commercial lodgings located nearby. It involves less risk than building a hotel in a remote place due to high cost of construction, which is not feasible in developing countries. The rising working population stays as a tremendous variable for extended per capita pay. Consequently, various HNWI (High Net Worth Individuals) spending on displaying works out, for example, voyaging and setting up camp are seeing a strong expansion across the world. The United States is the world's most prominent economy and is home to a huge piece of HNWI of the world. China, being the world's most prominent people, got together with the continually making economy, with enormous business open entryways in the nation, are monster factors for the more noteworthy number of HNWI in the country. With the rising per capita pay and expansion in how much HNWI, the normal spending on shaking works out, for example, voyaging and setting up camp, is seeing a predictable expansion across the world. In like manner, a rising number of HNWIs and ongoing school graduates should drive the market during the forecast time period.
Caravan and Motorhomes are particularly exorbitant to purchase, inferable from which an enormous populace can't manage the cost of them which has hampered the Europe convoys and Motorhome market improvement over the gauge period. Anyway, the receptiveness of rental key individuals is drawing in clients who have spending plan targets and clients not ready to put resources into the acquirement of another vehicle.
Europe Caravan and Motorhome Market Segment Analysis:
By Product Caravan, the travel trailers portion of the market examined was esteemed at USD 17.68 billion in 2021. Travel trailers are massive holders considering top of a standard trailer outline. These trailers have adequate dwelling space, with solaces like that of a house. For instance, these vehicles have a kitchen, water supply, washroom, and cooler, subject to the size of the trailer. One more fascinating part of these trailers is that they can be connected after they are bound from the vehicle and can give additional leg space to the voyagers. Ignoring the way that they offer different solaces, moving could be one of the issues. A fifth-wheel trailer is incredibly like an improvement trailer, with the basic exemption of a gooseneck connector. The gooseneck joins to the tow vehicle, smoothing out towing an extraordinary arrangement. Nearby this additional adaptability, the gooseneck gives additional room, which can be utilized for different purposes. It resembles way gives an ideal relationship with the vehicle over the ball hitches utilized in different sorts of trailers.
By Motorhome, The Type A Motorhome (generally called regular Motorhome) have a phenomenally organized engine vehicle underside that is wide and momentous for the substance with living of up to six individuals. These Motorhomes go with home-like solaces, for example, joined warming and cooling frameworks, kitchens, restrooms, and abiding areas with redirection focuses. The size of these Motorhomes regularly goes between 21 ft to 45 ft, and they are fuelled by one or the other diesel or gas motors. The choice of Motorhomes extended in 2020 more than 2019, stood apart from band figures, as would be seen as regular to drive the Type A piece of the market from this point forward. The Type B Motorhomes (overall called camper vans) are worked around auto vans or board trucks. Considering their more subtle size, they can be utilized for a typical drive. The rising income for Type B wearing vehicles gets along with its practicability for customary use ought to drive the Europe train and Motorhome market improvement for the Type B section during the forecast time period.
By End-Users, the immediate purchaser's section incorporates income created from the offer of RVs straightforwardly to people. The fast purchaser's part tended to the immense piece of the market in 2021. The segmental headway not totally settled by the rising per capita pay of people across the world. The improvement of the fleet owner proprietor segment not completely settled by a rising inclination for rental RVs across the world. The more affordable use and the rising accessibility of RV rental associations are driving the gathering of motorhome rental. In the midst of the COVID-19 pandemic, different people across the world really inclined in the direction of motorhomes and bunches as their technique for transport while setting up camp and excursions. Different people inclined toward leasing a motorhome or train as opposed to getting one. This should drive the task force owner segment of the market during the forecast time period.
Europe Caravan and Motorhome Market Regional Insights:
As per the European Caravan Federation, in 2021, around 78,175 new motor caravans were registered, which was 44% more than the previous year. As per the Caravaning Industry Association, the German caravanning industry in 2021 recorded a worth of EUR 12 billion, which was 3.9% more than the last year.
motorhome has become more famous in Germany lately than ever. This is supported by critical development on the lookout for new and utilized sporting vehicles (RVs, camper vans, and parades), as well as a huge expansion in RV rentals.
The demographics of German motorhome consumers have shifted. Beforehand, most of this minimal expense traveling was finished by families with youngsters and seniors. motorhome trips are turning out to be progressively famous among more youthful ages with more noteworthy pay levels. Clients request opportunity, freedom, and adaptability, as well as solace, comfort, independence, and even extravagance.
Europe Caravan and Motorhome Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a regional presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive regional networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the regional market, key players in the market, particularly in Europe and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the regional Europe Caravan and Motorhome market to the stakeholders in the industry. The report provides trends that are most dominant in the regional Europe Caravan and Motorhome market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the regional Europe Caravan and Motorhome Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the regional Europe Caravan and Motorhome market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the regional Europe Caravan and Motorhome market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the regional Europe Caravan and Motorhome market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the regional Europe Caravan and Motorhome market. The report also analyses if the regional Europe Caravan and Motorhome market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the regional Europe Caravan and Motorhome market. Economic variables aid in the analysis of economic performance drivers that have an impact on the regional Europe Caravan and Motorhome market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the regional Europe Caravan and Motorhome market is aided by legal factors.
Europe Caravan and Motorhome Market Scope
Market Size in 2022
USD 12.9 Bn.
Market Size in 2029
USD 21.40 Bn.
By Product Type Caravans
By Product Types Motorhome
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Europe Caravan and Motorhome Market Key Players:
- Thor Industries Inc. (Indiana, United States)
- Swift Group (Cottingham, East Yorkshire)
- Forest River Inc. (Indiana, United States)
- Winnebago Industries Inc. (United States)
- Burstner GmbH & Co. KG (Germany)
- Triple E Recreational Vehicles (Winkler, Canada)
- Hymer GmbH & Co. KG (Germany)
- Jayco Inc. (Indiana, United States)
- Dethleffs GmbH & Co. KG (Germany)
- Knaus Tabbert AG (Germany)
- Trigano SA (Paris, France)
Frequently Asked Questions
The segments covered in the Europe Caravan and Motorhome Market report are based on Product Type Caravan & Motorhome, and Ens-Users.
Germany region is expected to hold the highest share in the Europe Caravan and Motorhome Market.
The market size of the Europe Caravan and Motorhome Market by 2029 is expected to reach USD$ 21.40 Billion.
The forecast period for the Europe Caravan and Motorhome Market is 2022-2029.
The market size of the Europe Caravan and Motorhome Market in 2022 was valued at USD$ 12.9 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Caravan and Motorhome Market: Target Audience
- Europe Caravan and Motorhome Market: Primary Research (As per Client Requirement)
- Europe Caravan and Motorhome Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Caravan and Motorhome Market Segmentation
- Europe Caravan and Motorhome Market, by Product Type Caravan (2022-2029)
- Travel Trailers
- Fifth-Wheel Trailers
- Folding Camp Trailers
- Truck Campers
- Europe Caravan and Motorhome Market, by Product Type Motorhome (2022-2029)
- Type A
- Type B
- Type C
- Europe Caravan and Motorhome Market, by End User (2022-2029)
- Direct Buyer
- Fleet Owner
- Europe Caravan and Motorhome Market, by Country (2022-2029)
- United Kingdom
- Rest of Europe
- Europe Caravan and Motorhome Market, by Product Type Caravan (2022-2029)
- Company Profiles
- Key Players
- Thor industries inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Swift Group
- Forest River Inc.
- Winnebago Industries Inc.
- Burstner GmbH & Co. KG
- Triple E Recreational Vehicles
- Hymer GmbH & Co. KG
- Jayco Inc.
- Dethleffs GmbH & Co. KG
- Knaus Tabbert AG
- Trigano SA
- Thor industries inc.
- Key Players
- Key Findings