The industry has grown significantly over the past five years as rising disposable income and consumer confidence have encouraged consumers to purchase RVs. Additionally, industry demand has improved as a result of US residents taking more domestic trips, since RVs and travel trailers are mostly used for domestic travel. Increased access to credit is also expected to drive industry revenue growth. As consumers' access to credit has increased, they have been more likely to finance big-ticket purchases, such as travel trailers and motor homes. Additionally, demographic trends such as the retirement of baby boomers will continue to drive growth. However, the industry will experience increased pressure from depleted consumer sentiment as well as environmental regulations regarding fuel emissions, rising oil prices and interest rates. These combined factors should hamper the rate of industry growth moving forward.
This industry manufactures recreational vehicles (RVs), including towable and motorized RVs.