Glad that you make it to understand the latest RV facts, figures, and other important statists.
The Recreational vehicle market was estimated at $31 billion in 2020 and is expected to grow with a 7% CAGR ($48 billion) by 2026.
A Recreational vehicle, also known as RV, is considered a lifestyle activity. It gives freedom to travel and is often 20-60% cheaper than a traditional holiday, adding more value.
Usually, on weekends or holidays, people pack their essentials and go camping with their family or loved ones. This Vehicle category includes Motorhomes, Campervans, Coaches, Caravans, Fifth wheel coupling, Popup campers and Truck campers.
Well, the journey matters in the end. Below, I’ve covered RV things that you should know.
List of RV Facts
- The average RV lifespan is around 20 years or 200,000 miles.
- China is the 2nd largest destination