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 .
Fri Jul 7, 2017
MarketReportsOnline has released a 58-page report on the Recreational Vehicle Market analysis, which includes global RV market by volume, segments and region.
The report focuses mainly on some of the major players in the RV manufacturing industry, including Thor Industries, Winnebago Industries and Berkshire Hathaway, Inc., which owns Forest River. The competitive landscape is also given in this report, which includes the market share analysis of the U.S. RV industry, its segments and its sub segments.
The RVs can be majorly segmented into Motorized and Towable RVs. Motorized RVs can be further sub segmented into Type A, Type B and Type C. The Towable RVs can also be sub segmented into Travel Trailer, Fifth Wheel Trailer, Folding Camping Trailers, Truck Campers and Park Models.
The U.S. recreational vehicle market has grown at a healthy rate in the last few years, especially after recovering from U.S. financial crisis and economic slowdown. The growth of the U.S. RV industry is supported by increase in U.S. GDP, favorable interest rate, crude oil prices and demographic factors, and growth in travel and tourism in the U.S. Yet there are some challenges, which this industry faces, such as accidents of RVs, different manufacturing compliance, huge outlay of money, etc.
To see more about the market report, or to purchase the entire report, visit the link below.
Additional Information: http://www.prnewswire.com/news-releases/recreational-vehicle-market-rv-global-and-us-trends-size-growth-and-forecasts-to-2021---thor-industry-inc-winnebago-and-berkshire-hathaway-inc-are-key-companies-633074233.html