10 Best RV and Camping Stocks To Buy Now
, 2022-11-03 09:28:14,
In this article, we discuss the 10 best RV and camping stocks. To skip the industry analysis, you can go directly to the 5 Best RV and Camping Stocks to Buy Now.
According to an Allied Market Research report, the global recreational vehicle market was valued at $57.3 billion in 2021 and is expected to reach $117 billion by 2031. The CAGR for the forecast period is expected to be 7.6%. According to Recreational Vehicle Industry Association, RV sales increased by 4.5% YoY in North America during the pandemic, while most of the industries saw a significant slowdown.
Growth Factors
The global tourism sector is starting to recover as the world gets rid of the pandemic. Global tourism increased by 4% in 2021 compared to the prior year. The increase in tourism and camping can significantly support industry growth. Camping activities accounted for 1/3 of all outdoor activities among US and Canadian citizens in 2021. Furthermore, the expansion of recreational vehicles in the electric market has substantially boosted the demand for RVs.
The motorhomes segment is expected to have the highest CAGR in the coming years. In Germany alone, the number of units registered in 2019 was 55,000 and increased to 82,000 in 2022.
Recreational vehicles have been popular in North America and are experiencing a growing demand. The RV market contributes approximately $114 billion to the US economy. 11% of the total population owns a recreational vehicle, and over 1 million households in the United States…
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