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 .
Tue Mar 28, 2017
Business is booming for recreational vehicle manufacturer Lance Camper Manufacturing Corp., so much so that the Lancaster, California-based maker of truck campers, travel trailers and toy haulers is in the midst of an expansion to increase production capacity.
President and CEO Jack Cole can remember much less robust times, however. The 1973 oil crisis, for example, struck just as Cole became a partner in the business.
"Within a month, we started dealing with the aftereffects of the oil embargo, long gas lines and rapid inflation," Cole says, now the owner of Lance Camper. "It really put the company's future in jeopardy."
More recently, the RV industry was no less immune to the ravages of the Great Recession than any other industry, according to a story by Industry Week. Shipments plunged from well over 300,000 in 2007 to just 165,000 in 2009, before starting to claw their way back. 2016 was a banner year with more than 430,000 shipments and hopes are high for 2017.
"There are companies expanding all over the country, including Lance, to try to keep up with the demand," Cole says.