Motorhome market projected to reach $62.9 billion by 2031

Allied Market Research projects the global motorhome vehicle market will nearly double to $62.9 billion by 2031 from $29.3 billion in 2021, driven by leisure travel demand, electrification and stronger sales after the pandemic. North America is expected to lead the market, while Asia-Pacific is forecast to post the fastest growth.

Why it matters: - The motorhome vehicle market is moving from a niche recreation category toward a larger global automotive segment. - Growth in leisure travel, commercial use and technologically advanced recreational vehicles could shape product investment through 2031. - The market’s projected rise to $62.9 billion signals continued demand for mobile, self-contained travel options.

What happened: - Allied Market Research published a report projecting the global motorhome vehicle market will grow from $29.3 billion in 2021 to $62.9 billion by 2031. - The report forecasts an 8.2% compound annual growth rate from 2022 to 2031. - North America is expected to dominate the global market. - The U.S. is expected to maintain its lead in North America during the forecast period.

The details: - The report says changing leisure and recreational activity trends are supporting market growth. - Electrification activity is also contributing to demand. - Fluctuating raw material prices are restraining the market. - Demand for technologically advanced recreational vehicles is expected to create growth opportunities. - Type C motorhomes are gaining momentum as manufacturers launch new models. - Thor Motor Coach launched the Delano Sprinter Type C motorhome in August 2019 on a Mercedes-Benz Sprinter chassis. - The Delano Sprinter includes active distance assist distronic, active brake assist, blind spot assist, crosswind assist, traffic sign assist and a wet wiper system. - The type B segment is expected to show significant growth. - The commercial application segment is also expected to show significant growth. - Asia-Pacific is projected to record the highest CAGR during the forecast period.

Between the lines: - The pandemic appears to have accelerated interest in motorhomes as travelers shifted away from hotels. - The Recreational Vehicle Industry Association said North American RV sales rose 4.5% in 2020 to 424,400 units. - Supply chain strain also weighed on the industry because many North American and European makers rely on raw materials from Asia-Pacific countries, including China and Australia. - The report points to a recovery in 2021 as restrictions eased and sales improved. - The European Caravan Manufacturer Association reported nearly 260,000 motorhomes and caravans were sold in Europe in 2021, up 12% from 2020.

What’s next: - Manufacturers are likely to keep adding safety and tech features as competition shifts toward higher-spec models. - Asia-Pacific growth could reshape regional market share if demand continues to accelerate. - Continued raw material volatility may pressure margins and production schedules. - Key companies in the market include Airstream, Coachmen RV, Burstner GmbH & Co. KG, Entegra Coach, Forest River Inc, Gulfstream Coach Inc, Jayco Inc, Newmar Corporation, Hymer GmbH & Co. KG, Thor Industries Inc, Tiffin Motorhomes and Winnebago Industries. - More information is available in the sample pages and the purchase options.

The bottom line: - Motorhomes are on track for steady global expansion, with demand strongest in North America and the fastest growth expected in Asia-Pacific.