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 Aug 25, 2017
RV wholesale shipments are expected to reach 479,700 units by year-end 2017, an 11.4 percent increase from the 430,700 units shipped in 2016, before climbing an additional 2.4 percent in 2018 to reach 491,200 units, according to the new quarterly projection from Dr. Richard Curtin in RVIA’s Fall issue of RV RoadSigns forecasting newsletter.
This anticipated growth would mark the ninth consecutive year of expansion for the RV market, eclipsing the previous record of five years set from 2002-06.
“The favorable RV outlook is based on continued modest gains in jobs, incomes and household wealth with relatively low levels of inflation, unemployment and interest rates,” says Curtin, who is the director of the Surveys of Consumers at the University of Michigan and has conducted RV market research since 1979.
Towable RV shipments are projected to rise to 419,500 in 2017 and to 429,300 in 2018. Motorhome shipments will also see gains, growing to 60,200 units in 2017 and 61,900 units in 2018.
The positive outlook is also a reflection of the strong performance of the RV industry through the first half of 2017. RV wholesale shipments have reached 256,430 units, up 13.3 percent over the first six months of 2017. Year-to-date totals for towable RVs are up 13.2 percent to 223,644 units with motorhome shipments up 14 percent to 32,786 units.
For more information on RV market data and research, visit the “Market Data and Trends” section of www.rvia.org.