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(USGovernment-News.Com, August 01, 2018 ) The motor homes market comprises establishments primarily engaged in manufacturing motor homes on purchased chassis and conversion vans on an assembly line basis. Motor homes are units where the motor and the living quarters are integrated in the same unit.
The global motor home market was valued at $66 billion in 2017. This is due to the positive economic outlook, increasing demand for transportation services owing to rapid urbanization, policy makers’ green energy funding initiative, advancements in technology and increasing consumer demand for fuel efficient vehicles. Asia-Pacific was the largest geographic region in the motor home market in 2017, accounting for about two-fifth of the global market share. Motor home global market is split into segments: self-contained motor homes assembling and van and minivan conversions.
China was the biggest player in the motor home market in 2017, accounting for 20% of the market share. This was due to the presence of a large number of motor vehicle, aircraft and train manufacturing companies owing to strong demand from domestic market. Also, the country was also a hub to many motor vehicle, aircraft and ship component manufacturing companies. China was followed by the USA as the next largest country in the market.
The top five competitors in the market are Forest River, REV Group, Keystone RV, Jayco, and Thor Industries. Forest River was founded in 1996 by Peter Liegl. The company started by manufacturing tentcampers, travel trailers, fifth wheels, and park models under the following model lines: Salem, Sierra, Sandpiper, Wildwood, Rockwood, Flagstaff, Summit and Quailridge. Later that same year they began producing cargo utility trailers as Cargo Mate.
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