The recreational vehicles (RVs) market is growing as people return to road trips and camping as a getaway from the pandemic and bustling city life. Moreover, the rising commercial usage of RVs and the proliferation of peer-to-peer rental services among millennials are expected to foster this market’s growth. The RV market is anticipated to grow at a CAGR of over 10% from 2022 to 2028.
RVs are becoming increasingly popular among Americans, and over 11% of households own them. And over 1 million households in the United States live in RVs full time. In addition, RV manufacturers are focusing on developing customized RVs with advanced technologies, which should bolster growth in the coming years.
