Dublin, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The "Caravans Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global caravans market is on an upward trajectory, with expectations of reaching $15.63 billion in 2023 from $14.71 billion in 2022, reflecting a Compound Annual Growth Rate (CAGR) of 6.2%.
With projections indicating the caravans market will further mature, it is expected to achieve a value of $19.09 billion by 2027, expanding at a CAGR of 5.1%.
Holistic Insights for Strategic Success
An integral part of a comprehensive series of reports, the caravans market research report delivers a comprehensive analysis of the industry. From global market size to regional shares, competitor analysis with market shares, detailed market segmentation, and emerging trends, this report empowers businesses with a comprehensive perspective. Whether you're a seasoned player or a newcomer, this report arms you with the necessary insights to navigate the current and future scenarios of the industry.
Innovations Redefining the Landscape
A prominent trend sweeping the caravan market is the introduction of innovative products by major companies to strengthen their market position. An illustrative example is ATC, a US-based manufacturer of aluminum RVs and trailers, launching the Pla 500 Series and Pla 700 Series in July 2022. These offerings replace the ATC Game Changer and Game Changer Pro Series toy haulers, providing travel trailer and fifth-wheel toy hauler variants. Noteworthy is the integration of Firefly Integrations multiplex touchscreen control, enabling remote operation and monitoring of essential RV functions through a touchscreen or smartphone app.
KABE Group AB Bolsters Industry Presence
In a strategic move, Sweden-based KABE Group AB acquired UK-based Coachman in February 2021, enhancing their footprint in the caravans market. This acquisition facilitates collaboration in areas like sales, product development, purchasing, and production technology exchange.
European Dominance and Future Prospects
Europe emerged as the leading region in the caravans market in 2022, and it is projected to continue its growth trajectory in the forecast period. The comprehensive report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Global Coverage with Country Insights
Encompassing Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, the report provides a panoramic view of the caravans market, analyzing market dynamics and trends across these nations.
Tourism Surge Boosts Market Momentum
With an upswing in demand for tourism, the caravan market gains substantial momentum. Caravans, designed for family-oriented tours even in locations without ample hotel accommodations, cater to a growing desire for travel. As evidenced by The World Tourism Organization's world tourism barometer, which reported a 182% surge in international tourism during the first three months of 2022, the sector is experiencing a resurgence. This underscores the potential for caravan market growth.
Market Segmentation and Value Considerations
The caravans market encompasses a variety of offerings, including motorhomes, folding caravans, tiny caravans, retro caravans, airstream trailers, and static caravans. Values within this market reflect 'factory gate' values, representing the worth of goods sold by creators to downstream entities, including wholesalers, distributors, retailers, and end customers. These values also encompass relevant services offered by goods creators.
Unlocking Strategic Advantages with the Report
As you seek a global perspective on the caravans market, this report proves indispensable. Spanning over 50 geographies, it unveils the pandemic's impact, geopolitical disruptions resulting from the Russia-Ukraine conflict, and implications for agriculture, energy, and mineral commodity supply. Moreover, it assesses the influence of rampant global inflation on market growth, equipping you to formulate localized strategies, identify growth segments, and outperform competitors. Armed with market share insights and key trends, the report facilitates informed decision-making and empowers your presentations with reliable, high-quality data and analysis.
Key Questions Addressed for Informed Choices
Unraveling the market's characteristics, size, growth, segmentation, and regional breakdowns, the report also explores the competitive landscape, market shares, and trends. By answering pivotal questions, such as the location of the largest and fastest growing market for caravans, how the market interconnects with the economy and demography, and the forces shaping its future, the report ensures you make decisions grounded in insights and data.
Embracing a New Horizon in the Caravans Market
As the caravans market progresses amidst both challenges and opportunities, this report serves as your guide to navigating this dynamic landscape. With its invaluable insights, you're equipped to seize growth prospects and stay ahead in an evolving industry.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $15.63 billion |
| Forecasted Market Value (USD) by 2027 | $19.09 billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Major players in the Caravans market are
- Thor Industries Inc.
- Forest River Inc.
- Winnebago Industries Inc.
- Fendt Caravan GmbH
- Erwin Hymer Group
- Knaus Tabbert AG
- Hobby-Wohnwagenwerk Ing. Harald Striewski
- Dethleffs GmbH & Co. KG
- Gulf Stream Coach Inc.
- REV Recreation Group
- SpaceCraft MFG.
- Caravan Manufacturing Company Inc.
- Adria Mobil
- Airstream
- Freedom Caravans
For more information about this report visit https://www.researchandmarkets.com/r/1pm49o
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