The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Jan 16, 2017
NEW YORK - North America sales of recreational vehicles are expanding at a CAGR of more than 7 percent. In terms of consumption volume, recreational vehicles will possibly exceed 465,000 units within the first half of the assessed period i.e. by 2020 end.
In a recently published market outlook titled "North America Market Study of Recreational Vehicles: Canada Recreational Vehicles Market Anticipated to Expand 1.6X in Terms of Volume During 2016 - 2024," Persistence Market Research delivers key insights into the critical factors expected to impact the market growth over the next few years. The report also provides country-wise and segmental analysis estimated for an eight-year forecast period, 2016-2024.
"Revenue sales of recreational vehicles across North America will be highly impacted by demographics, consumer behavior and purchasing power," according to the study. "Eco-friendly and lightweight recreational vehicles highlight a current growing trend, whereas hybrid/battery-operated recreational vehicles have recently emerged as a promising trend. Rental market for recreational vehicles is witnessing significant growth. Growing preference for online shopping will also benefit RV promotion and sales."
To view the full report, click on the link below.