Recreational Vehicle Dealers in Canada
The Recreational Vehicle Dealers industry in Canada has performed well over the five years to 2018, supported by growth in consumer confidence and disposable income, as well as favourable access to credit. Interest rates have remained low, which has enticed consumers to make big-ticket purchases from industry operators. Additionally, a greater number of baby boomers, one of the industry's principal market segments, have entered retirement over the past five years. Within this age group, a growing capacity for leisure and higher purchasing power make baby boomers prime candidates for recreational vehicles (RVs) and RV-related vacations. Over the five years to 2023, RV dealers are expected to experience continued growth, although the Canadian industry will be challenged over the short term by sluggish growth and demand in certain provinces. Although the financial position of the baby boomer demographic remains unclear, their high retirement numbers offer a wide market for RV and motorhome dealers. Additionally, RVs will likely continue to rise in popularity among younger age demographics, particularly as dealers introduce upgraded models and cleaner, eco-friendly vehicles.
This industry sells new and used motorized or towed recreational vehicles (RVs), and additionally provides repair services and sells parts.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.