RV Rental Market Trends, and Forecast, 2020-2030

Home

Blog



BUSINESS RESEARCH NEWS Latest Industry Insights

LATEST INDUSTRY NEWS

RV Rental Market Projected To Garner Signi몭cant Revenues By 2030 Date: March 3, 2022 Author: Tech News

 0 Comments

RV Rental Market: A recreational vehicle, often abbreviated as RV, is a motor vehicle or trailer, which includes living quarters designed for accommodation. Typical amenities of an RV include a kitchen, a bathroom, and one or more sleeping facilities. Key Drivers of RV Rental Market Rapid growth of economies in Asia Paci c, a burgeoning middle class with discretionary income, rising consumer interest in RVs and RV camping, campground development, and a large number of individuals choosing to explore the countryside with recreation vehicles are key factors driving the demand for recreational vehicles and consequently, propelling the RV rental business Increased participation in outdoor recreational activities is a signi cant

factor that is projected to drive the market especially in Europe and North Follow

America. Sports and active recreation category generates two-thirds of all recreational physical activity spending, as these activities are highly diverse, accessible, affordable, and prevalent across every region and population groups. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? ag=B&rep_id=81435 Restrains in RV Rental Market From mid-March until almost the end of June, global economies have experienced highly stringent restrictions on business activity. Likewise, RV renting business witnessed a decline in demand. However, some renting agencies have turned to a secondary area, serving government and other large clients. In several cases, they are providing RVs for key workers, such as medical personnel, who require lodging when work keeps them away from home. Moreover, people with urgent travel needs have adopted RV rental services. Since the government COVID-19 related restrictions were eased, the demand for RVs has witnessed higher demand to the point that RV dealers have experienced shortfall in inventories, especially in the U.S., as the pandemic made more people reluctant to y on commercial airlines, take cruises, or travel overseas. For instance, Outdoorsy witnessed a 1,500% surge in bookings from the lowest booking day amid the coronavirus pandemic to the highest booking day during the second to last week of May. The company’s popularity has only continued to trend upwards since. Prior to 2020, Outdoorsy was growing 400% year-over-year. However, from April 2020 to October, the company grew a 4,600%. Consequently, 44% of all of the company’s business occurred last year, amid the coronavirus pandemic. Opportunities in RV Rental Market

Younger campers are considering the renting option prior to purchasing their own RV, while RV owners are increasingly making their vehicles available for peer-to-peer rental, seeing a means to generate income from their RV purchase. This trend is anticipated to make availability of more number of recreational vehicles in the market, and lowering the rental prices of RVs, thereby boosting the market. Get a Customized Research Report @ https://www.transparencymarketresearch.com/sample/sample.php? ag=CR&rep_id=81435 Asia Paci c to Witness Rise in Demand for RV Rentals Asia Paci c is a rapidly expanding market for RV rentals owing to expansion of economies, rising middle class that is boosting the demand for leisure-related goods and activities, such as RVs and RV camping. The RV market in China has witnessed signi cant changes for the last few years, including a national focus on the development of tourism, campgrounds, and the RV industry. Rise in demand for RVs in China, India, and other countries in Asia Paci c led to a shift in travel preferences of consumers choosing to explore the countryside and roads with recreation vehicles. This is projected to fuel the RV industry in the region in the next few years. Key Players Operating in RV Rental Market The global RV rental market is concentrated with limited players. A few of the key players operating in the global RV Rental market are: Cruise America RV Share EI Monte RV

RV Scout Outdoorsy RVnGo RVPlusYou RV Rental Connection Motorvana McRent Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=81435 Global RV Rental Market: Research Scope Global RV Rental Market, by Product Campervans Motorhomes Fifth-Wheel Trailer Pop-up Camper Others Global RV Rental Market, by Rental Supplier Type Private/Individual Owner Fleet Operator Global RV Rental Market, by Booking Type Of ine Booking

Online Booking Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=81435 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn