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Technavio Releases Latest Report on US Recreational Vehicle Market
Editor's Note: This news item was retrieved and first published through Business Wire's website.
Technavio, a leading global technology research and advisory company, has recently published a new market research report on the recreational vehicle market in North America for 2018-2022. The RV lifestyle market in North America is expected to accelerate at a CAGR of over 8% during the forecast period. The substantial cost savings by using RVs over conventional modes of vacation is one of the key factors triggering the growth of the market.
The research report is titled Recreational Vehicle Market in North America 2018-2022 according to the Business Wire press release. It provides an in-depth analysis of the market in terms of revenue and emerging market trends for the RV lifestyle. One of the top trends was named as the installation of solar technology in RVs. Conventionally, the engines of RVs or external generators were used to power electrical appliances fitted in RVs. But, these power sources were not economical and environment-friendly as they would require fossil fuels and contribute to air and noise pollution, thereby leading to additional costs. Hence, solar energy is a safe alternative to fossil fuels such as gasoline for the generation of electricity.
For more insights listed in Technavio’s expert market research report, follow this link.