The Rental of recreational vehicles The market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of market trends, macro-economic indicators and driving factors as well as market attractiveness according to segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Recreational Vehicle Rental Market was valued at USD 642.12 Million in 2021, and it is projected to reach USD 1018.96 Million and register a CAGR of around 8% during the forecast period 2022-2027.
RVs are very expensive to purchase, due to which a large population across the world opts for RV rental services, which eliminates the costs associated with purchasing, insuring and maintaining the vehicle. The ease of access to RV rental services and the increase in the number of RV rental service providers around the world are attracting customers who are budget constrained and unwilling to invest in new purchases. VR.
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The major leading companies in the global recreational vehicle rental market are – Motorhome Republic, Cruise America, RV Travel Reservations, Roadbear RV, Outdoorsy, Fuji Cars Japan, Camper Travel USA, Just Go Motorhome Hire, Apollo Tourism & Leisure Ltd (ATL), El Monte RV, USA RV Rental, McRent , RV Share and others.
Industry News and Updates:
In March 2022, Indie Campers has announced the launch of its peer-to-peer rental platform in the UK. The platform is designed to give owners complete control over who rents their motorhome by asking them to approve a traveler’s booking request. If approved, travelers pay through Indie Camper’s secure reservation system to keep both parties safe.
In October 2021, Outdoorsy announced the partnership of its Roamly insurance business with Spinnaker Insurance Company. The partnership allows Roamly to offer RV owners year-round protection through their exclusive line of insurance products.
The Asia-Pacific region is expected to hold a major share of the market, followed by North America. Asia-Pacific is a growing market for motorhome rentals due to expanding economies and the rise of the middle class which is driving demand for leisure-related goods and activities, such as motorhomes and motorhomes. The RV market in China has seen significant changes in recent years, including a national focus on developing tourism, camping grounds and the RV industry. These aforementioned factors are likely to contribute to the growth of the recreational vehicle rental market over the forecast period.
Based on types:
Based on end users/applications:
Traveling and camping
The investigator observes strong growth in specific regions:
– Europe (Germany, UK, France, Russia, Italy)
– East-Central and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– South America (Brazil, Argentina, Colombia)
– North America (United States, Canada, Mexico)
– Asia Pacific (China, Japan, Korea, India, Southeast Asia).
Influence of the Recreational Vehicle Rental Market report:
-Comprehensive assessment of all opportunities and risk in the Recreational Vehicle Rental market.
-Recreational vehicle rental market recent innovations and major events.
-Detailed study of growth business strategies of the Recreational Vehicle Rental market-leading players.
-Conclusive study about the growth plot of Recreational Vehicle Leasing Market for forthcoming years.
– In-depth understanding of Recreational Vehicle Rental market drivers, restraints and major micro-markets.
-Favorable impression within vital technological and market latest trends striking the Recreational Vehicle Rental market.
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What are the market factors explained in the report?
Main strategic developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and regional growth of the key competitors operating in the market at globally and regionally.
Analytical tools: The Global Recreational Vehicle Rental Market report comprises the precisely studied and assessed data of the major industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Main characteristics of the market: The report assessed key market characteristics including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR and gross margin. Additionally, the study offers a comprehensive study of key market dynamics and their latest trends, along with relevant market segments and sub-segments.
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