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Global RV OEM Market To Be Driven By Growth In Leisure Travel And Tourism Industry

Press Release   •   Feb 15, 2017 16:35 IST

A new market research report has been recently included by MarketResearchReports.biz to its comprehensive collection of research studies. The research study, titled “Global RV Original Equipment Manufacturer (RV OEM) Market (2016-2020),” presents a detailed analysis of the global scenario of RV original equipment manufacturers (OEM), including the market overview, current market trends, product segmentation, market drivers and barriers, major geographical segments, and vendor analysis of the market.

The research study further includes the historical data and forecast figures of the global RV OEM market with the help of charts, tables, graphs, and infographics. In addition, the valued inputs provided by the industry experts help the new as well as existing market players in designing their company policies and strategies effectively and gain a competitive advantage.

Recreational vehicles (RV) are a type of vehicle that includes a transitory living space and transportation. Thus, it is widely known as a recreational vehicle, as it has been intended and designed for recreational purposes. There are several advantages of owning an RV and travelling in it; for instance, it is more comfortable to travel in an RV than most other ways, it offers an enjoying and relaxing life when home life becomes stressful, and one can go to several places in an RV such as resorts, camping grounds, and several other recreational spaces.

Some of the major factors driving the global RV OEM market are the rising disposable income, growth in GDP, growth in leisure travel and tourism, and wellness and health travel index. In addition, the rising demand for home comforts while traveling, the rising preference for camping, and the easy availability of second-hand RVs are further expected to fuel the growth of the market in the forecast period. However, the large outlay of money required to enter the RV market, higher risk of accidents, and manufacturing compliances being different in various countries are the factors hampering the growth of the global RV OEM market.

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The global RV equipment market, which is engaged in the production of all the equipment used in an RV, can be segmented into the RV original equipment manufacturer market and aftermarket sales. OEM refers to a company that manufactures a part or sub-system that is utilized in another company’s final product, or a company whose products are utilized as components in some other company’s product. The RV aftermarket is a strong business segment of the global RV industry and handles the remanufacturing, assembling, and distribution after the RV is sold by the OEM to the consumers.

Furthermore, the research study covers the competitive landscape and vendor analysis of the global RV OEM market, emphasizing on the company profile, contact information, inception details, financial overview, business strategies, SWOT analysis, and recent developments such as any major collaborations and acquisitions. The major players operating in the global RV OEM market include Drew Industries (Lippert Components), Thetford, and Dometic Group.

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