Last Updated on September 16, 2021 by Christina
The demand for recreational vehicles is undeniably growing. A recent study by the Fredonia Group showed that demand is set to reach $10.7 Billion by the year 2017. This growth rate means that the industry will likely grow at a 4-5% rate over the next four years. The economic collapse that began occurring 6-7 years ago is beginning to lessen, however total sales numbers in the industry will not reach pre-recession levels for approximately a decade. As the economy continues to recover RV buyers should display more confidence in the industry.
Demand for RV’s is slated to grow the fastest in the motorhome sector of the industry with the travel trailer segment close behind. Advances in technology that have improved handling, as well as fuel economy, and comfort will also help spark the expected growth in the industry.