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Motorhome Market - By Class (Class A, Class B, Class C), By Fuel (Gasoline, Diesel), By Price (Standard, Luxury), By End-use (B2B/Fleet Owner, B2C/Individual), & Forecast 2023 – 2032

  • Report ID: GMI5422
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Motorhome Market size surpassed USD 40 billion in 2022 and is anticipated to register over 3% CAGR from 2023 to 2032, owing to an increase in travel and tourism spending.
 

Motorhomes Market

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The shifting preference toward renewable energy to limit carbon footprint has contributed to the popularity of solar-powered motorhomes. Numerous product benefits including cost-effectiveness, low maintenance costs, and less noise generation will further create lucrative prospects for motorhome vehicle manufacturers. However, the high cost associated with insurance-related expenses and road taxes may adversely affect the motorhome market outlook.
 

Increase in luxury travel and tourism to bolster Class A motorhome vehicle production

The Class A motorhome market reached USD 20 billion in 2022, considering the massive size and ability of these vehicles to accommodate large groups. In recent years, Europe has been witnessing a return of foreign tourists, contributing to the growth of luxury tourism. Since Class A motorhome vehicles provide amenities such as well-equipped kitchens, master bedrooms and bathroom facilities, the rise in extravagance travel is expected to stimulate the market development.

Motorhomes Market, By Class

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High energy density and other beneficial features drive adoption of diesel motorhomes 

The diesel motorhomes segment is set to account for 25% of the market share by 2032, due to the enhanced fuel efficiency and high engine torque and power. Compared to gas-powered motorhomes, diesel counterparts have higher energy density and combustion pressure. These vehicles also have more living space due to the absence of bulky engines. These attributes will enable such motorhomes to emerge as a viable solution for use in remote tourist destinations that lack quality accommodation and in turn, strengthen the motorhome market statistics.
 

Standard motorhomes to gain traction as solution for affordable travel needs

 

Authors: Preeti Wadhwani, Shamal Gawande

Frequently Asked Questions (FAQ) :

The market size of motorhomes exceeded USD 40 billion in 2022 and is anticipated to register 3% CAGR during 2023 to 2032, on account of an increase in travel and tourism spending.

The motorhomes industry share from the standard price segment is poised to witness 3% growth through 2032, given the increasing preference for affordable travel to remote destinations.

North America motorhomes industry was worth USD 9 billion in 2022, owing to the escalating investment in luxury camping vehicles and the steady recovery of the travel sector.

Some of the key players in the motorhomes business scenario are Thor Motor Coach, Swift Group Ltd., Fendt Caravan, Dethleffs GmbH & Co. KG, CMC Caravan, Compass, Coachman Caravan Company Limited, Airstream, Inc., Adria Mobil, and Abbey Caravans & Leisure.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 543
  • Countries covered: 24
  • Pages: 340
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