NEWS RELEASES
Solar Technology Predicted To Grow RV Market Through 2022
Editor's Note: This news item was retrieved and first published through Business Wire's website.
The Recreational Vehicle Market in North America is forecast to grow at a CAGR (compound annual growth rate) of 8.18% during the period 2018-2022. According to the ResearchAndMarkets.com report, the substantial cost savings by using RVs over conventional modes of vacation is a key factor. The installation of solar technology in RVs trend will drive the growth of the market due to savings on energy. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the Business Wire press release, "The report states that the increasing cost of ownership will impact the market growth. RV manufacturers are equipping RVs with amenities such as air conditioning, refrigerator, televisions, microwave oven, and integrated stove system. These amenities increase the power requirement and increase the total cost of ownership of towable RVs. This encourages the manufactures to adopt green construction strategies, to increase fuel economy and reduce the total cost of ownership. Listed as key vendors are Camping World Holdings, Forest River, Gulf Stream Coach, Northwood Manufacturing, REV Group, Thor Industries, and Winnebago. The report talks about the RV industry size as a whole, market segmentation by RV type, the customer and regional landscape, vendor analysis, and much more.
For information on viewing the reports and the full press release, visit this link.