Development of Interconnectivity Across Platforms and Devices along with Increased Smart Cities Mission has Propelled the Growth of the Park Model RV Market in the North America Region!

The mobility and flexibility of park model RVs are key factors that are driving the growth of the market in North America. These factors are contributing to the growth of the market because park-model RVs can be used as a permanent or seasonal residence, or as a vacation home. This flexibility makes them an attractive option for buyers who are looking for a comfortable and convenient housing solution that can adapt to their changing needs. For example, a family may choose to use their park model RV as a vacation home in the summer and then convert it into a permanent residence during the winter.

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The mobility of park model RVs is another key factor driving the growth of the market. Park model RVs are highly mobile, which makes them an attractive option for buyers who want the freedom to travel and explore new places. They can be easily moved to different locations, making them an ideal option for people who enjoy camping and other outdoor activities. For example, a park model RV owner may choose to travel to different campgrounds throughout the year, exploring new areas and making new memories.

Overall, the mobility and flexibility of park model RVs are key factors that are driving the growth of the market in North America. These factors, along with their affordability, cost-effectiveness, lifestyle appeal, and accessibility, are making park model RVs an increasingly popular housing solution for people in the region.

• FIG. 1 North America Park Model RV Market Revenue (2020-2030)- USD Mn

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Based on gross weight vehicle, the market is segmented into 1000 Lbs < Weight <10000 Lbs, 10000 Lbs < Weight < 11000 Lbs, 11000 Lbs < Weight < 12000 Lbs, and Others. Amongst these, the 1000 Lbs < Weight <10000 Lbs segment dominated the market in 2021. This is because These park models are light enough to be towed by most vehicles, making them accessible to a wider range of potential buyers. This is especially important for those who do not own a heavy-duty vehicle or who live in areas with weight restrictions on roads. Additionally, the lower weight of these park models means that they require less materials and labor to manufacture, which can result in lower production costs. This can translate into lower prices for consumers, making these park models more affordable than their heavier counterparts.

On the basis of end-users, the market is bifurcated into residential and commercial. The commercial segment held a major share of the park model RV market in 2020 due to the ability of park model Rv to be used in a variety of settings, such as vacation rentals, hotels, and resorts. They can provide temporary housing for guests, as well as serve as event spaces, offices, or even restaurants. This versatility makes park model RVs an attractive option for businesses looking to expand their offerings. Additionally, park model RVs can be a cost-effective alternative to traditional hotel rooms or buildings. They are typically less expensive to purchase and maintain than traditional structures, making them a more affordable option for businesses looking to expand their operations.

Global Park Model RV Market Segmentation

Market Insight, by Gross Vehicle Weight

• 1000 Lbs < Weight <10000 Lbs
• 10000 Lbs < Weight < 11000 Lbs
• 11000 Lbs < Weight < 12000 Lbs
• Others

Market Insights, by End-Users

• Residential
• Commercial

Market Insight, by region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World

Top Company Profiles

• Forest River, Inc.,
• Thor Industries
• REV Group
• Gulf Stream Coach
• Skyline Champion Corporation
• Fairmont Homes
• Silvercrest, Instant Mobile House
• Champion Home Builders, Inc.
• Highland Homes Manufacturing
• Recreation By Design
• Woodland Park