According to the research report titled ‘Europe Recreational Vehicle Market Forecast 2027 By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe recreational vehicle market is anticipated to surpass USD 55 billion mark by the year 2027.

Report findings suggest that rising popularity of caravanning among individuals, increasing sales of caravans and motorhomes, as well as surging camping activities across the region are the major growth determinants for Europe recreational vehicle market.

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Furthermore, emergence of high-tech electric recreational vehicles, and expanding number charging stations and improved infrastructure are expected to augment the industry outlook in the coming years.

Notably, the COVID-19 pandemic declined the demand for recreational vehicles due to supply chain disruptions, as well as lack of raw materials and labor, thus impeding the marketplace in the recent past. However, consumer preference for leisure and recreational activities in present times owing to lockdown removal will contribute towards industry expansion.

Based on vehicle type, the market is split into motorhomes, and towable RV (tent trailer, fifth wheeler, travel trailer). Among these, the towable RV segment is predicted to gain traction by 2027, on the back of lower cost of these vehicles when compared to motorized leisure vehicles.

Moreover, the motorhomes can be divided based on class as class C, class B, and class A, while on the basis on fuel type, it can be bifurcated into diesel and gasoline.

Speaking of competitive landscape, Winnebago Industries, Inc., Venture RV, Van Specialties, Tiffin Motorhomes, Inc., Thor Motor Coach, Starcraft RV, Pleasure-Way Industries Ltd., REV Recreation Group, Skyline Corporation, Redwood RV, Keystone RV Company, Kropf Industries, Inc., K-Z, Inc., Highland Ridge RV, Heartland RVs, Grand Design RV, GMC Motorhome, Forest River, Inc., Fleetwood Limited, Erwin Hymer Group,  Entegra Coach, Dutchmen Manufacturing, Inc., DRV Luxury Suite, Cruiser RV, Crossroads RV, Inc., Columbia Northwest, Inc., Bison RV Center, and Airstream, Inc. are the major players in Europe recreational vehicle market.