About towable RVs
Towable RVs include automobiles or trailers designed for recreation or pleasure activities such as vacations and camping, both on and off highways. They include features such as kitchen and bathroom facilities. Towable RVs are subject to the same registration and licensing as other automobiles, and may have to abide by specific laws. They are also known as caravans in Europe and North America.
Technavio's analysts forecast the towable RVs market in North America to grow at a CAGR of 10.94% over 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the towable RVs market in North America for 2015-2019. To calculate the market size, the report considers the unit sales of towable RVs. In terms of product type, towable RVs can be categorized into four segments: travel trailers, fifth wheel trailers, folding camp trailers, and truck campers. The report covers the present scenario and the growth prospects of all the four segments. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, Towable RVs Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Towable Recreational Vehicle (RVs) Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the Towable RVs Market in North America: Eclipse Recreational Vehicles, Forest River, Gulf Stream Coach, Northwood Manufacturing, Palomino RV and Thor Industries
Other Prominent Vendors in the market are: Aliner and Somerset Folding Camping Trailers, Allied Recreation Group, Augusta RV, Coachmen Recreational Vehicle, Cruiser RV, DNA Enterprises, Forks RV, Grand Design RV, Great West Vans, Heartland Recreational Vehicles, HL Enterprises, Jayco, Lance Camper, Let’s Go Aero, Little Guy Worldwide, Prime Time Manufacturing, Renegade RV, Skyline, Spartan Chassis, Starcraft RV, Winnebago and Universal Trailer
Commenting on the report, an analyst from Technavio’s team said: “RV manufacturers, through changes in design and material, are focusing on improving the fuel economy of RVs. The next-generation RVs are compact, light-weighted, and aerodynamically-advanced with much higher fuel economy. Upcoming towable RVs, which constitute over two-thirds of the RV sales in North America, have highly innovative designs with lightweight and durable building materials. Such RVs can easily be towed using small and mid-sized SUVs.”
According to the report, as per the IRS rule, a towable RV with basic sleeping, cooking, and bathroom facilities can be used as security for a loan. As long as the towable RV meets the IRS standards, irrespective of how it is used, one can claim the towable RV as a second home. It provides consumers with a tax break according to the federal tax law. As per the law, an individual can deduct mortgage interest on both the main home and a second home. Tax savings depend upon the monthly loan repayment, the tenure of the loan, and the interest rate. The annual vehicle registration is calculated based on the weight and value of the towable RV. In some states of North America, taxes on personal property are absent. There is also a one-time deduction for the portion of the sales tax paid during the purchase of a new towable RV.
Further, the report states that increased dealer interest in RV auctions is hindering market growth.
Eclipse Recreational Vehicles, Forest River, Gulf Stream Coach, Northwood Manufacturing, Palomino RV, Thor Industries, Aliner and Somerset Folding Camping Trailers, Allied Recreation Group, Augusta RV, Coachmen Recreational Vehicle, Cruiser RV, DNA Enterprises, Forks RV, Grand Design RV, Great West Vans, Heartland Recreational Vehicles, HL Enterprises, Jayco, Lance Camper, Let’s Go Aero, Little Guy Worldwide, Prime Time Manufacturing, Renegade RV, Skyline, Spartan Chassis, Starcraft RV, Winnebago, Universal Trailer
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