Fuel Efficiency Benefits Encouraging Growth in the Motorhomes Market in North America

Aug. 26, 2015 - PRLog -- Technavio, the independent tech-focused global research firm, has published a report on the motorhomes market in North America 2015-2019, which is expected to grow at a CAGR of 16.16% in terms of units during the forecast period of 2014-2019.

The change in lifestyle and living patterns has provoked the interest for motorhomes in this region. Thereby, the demand for motorhomes in North America will increase in regards to the benefits and wellness attached to the use of motorhomes. The demand for pre-owned motorhomes has also grown significantly, contributing to the overall growth of the market. The improvement in the economic situation of the region coupled with the changing lifestyle has also enabled a huge impetus to the growth of the motorhomes market.

“Motorhome manufacturers, through changes in design and material, are focusing on improving the fuel economy of motorhomes,” says Faisal Ghaus, Vice President of Technavio.

“Upcoming motorhomes are compact, efficient, and aerodynamically advanced with higher fuel economy. The increase in fuel cost affects the freight rates and other costs indirectly where fuel surcharges are attached.”

Key Market Drivers

·         Favorable Tax Deduction Norms

·         Demand from Secondary Market

·         Increased Interest from Aging Population

Key Market Trends

·         Environmental and Fuel Efficiency Benefits

·         Customized Campaigns and Benefits

·         Design Advancements

Key Market Vendors

·         Forest River Inc.

·         Gulf Stream Coach Inc.

·         Northwood Manufacturing Inc.

·         Thor Industries Inc.

·         Winnebago Industries Inc.

To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Motorhomes Market in North America 2015-2019 (http://www.technavio.com/report/north-america-motorhome-m...), please send an e-mail to media@TechNavio.com.