Market Insights The global recreational vehicle market revenue was valued USD xx billion and estimated to reach USD xx billion with a CAGR of xx% over the forecast period of 2019 to 2027. Popularly known as motorized homes Recreational vehicles are transportable living spaces with comfort and luxury of living exactly like at homes.  There is a rising preference of people who love to travel in private transportation and also the easy mode of mass transit are the major factors driving this segment. Rapid increase in digitization and the shifting global population dynamics and RV rental services with road side assistance have also helped the market grow. Additionally, with integration of advanced gadgets for entertainment and other innovative products of luxury, this market is can definitely see a spur in the near future. North America is continuously improving its technology and moving towards an echo –friendly approach in the RV sector. The target is to create vehicles which are fuel efficient with lighter composites and contribute to less emissions to maintain government regulations. Other facilities like easy   financing availability to the middle class and urbanization is one of the major reasons to boost the recreational market throughout the globe in the forecast period.  The U.S recreation centre has reported in 2018 that there are 400 National and 10,000 state parks which promote recreational activities. As the number of these facilities increase it will directly influence the growth of the RV industry. National tourism Administration of China in collaboration with other governmental agencies organized 200 campgrounds to boost tourism.  There are other economies like Canada, Japan, South Korea and Latin America who are investing significantly in recreational parks etc. to create a splurge in the recreational vehicle landscape. The rental service of RV’s has improved the client’s convenience with additional benefits of accident coverage, 24-hour roadside assistance and the low cost availability. The RVing lifestyle is slowly becoming an adventure sport as it represents the nomadic lifestyle of survival and camping. Europe and Asia pacific are other fast growing regions because of activities like freedom camping, development of caravan sites and the young generation seeking adventure. Additional the government has set no separate requirements for licensing of a driver is fuelling the recreational scope in this regimes. The RV market in Europe is dominated by markets of France, Netherlands, Sweden, Spain and Italy due to the large amount of campsites and recreations spots in these areas. On the other hand, the International trade administration reported that in 2015 US exported US$1.1billion to Canada which accounted for almost 90 % of the US RV’s export.  Other smaller markets are Latin America, UAE and middle east where high products are in high demand. The RV market is still in a nascent phase in these regions. The thriving marine sector could uplift this segment and create need for recreational vehicles. Some of the key players of this market are Fleetwood RV, Inc., Thor Industries, Inc., StarCraft RV, Eclipse Recreational Vehicles, Inc., Coachmen Recreational Vehicle Company, Gulf Stream Coach, Inc., Skyline Corporation, Heartland Recreational Vehicles, LLC, Forest River, Inc., Monaco RV LLC, Jayco Inc., and Universal Trailer Corporation, among others. With the growing norms around the electrification of automotive, motor homes and camper vans are slowly becoming electrical to maintain these standards. Electric RV’s have been in the market since 2017. Nissan launched its first electric campervan based on its e-NV200 van model in Spain in 2018.  Other companies like Winnebago industries and Dethleffs Motorhomes are also among the manufacturers of electric vehicles. China is among the regions which anticipates a positive growth of this industry. They were proud owners of approximately 70,000 RV’s in 2017 while they exported 20,000 RV’s making them one of the top exporters of this industry. The above trends in likely to push this segment in the forecast period.