The report titled “Travel Trailer Global Market Report 2018 Covering: Eclipse Recreational Vehicles,Forest River,Gulf Stream Coach,Heartland RV,Northwood Manufacturing”, provides a comprehensive analysis of global travel trailers market, leading players, geography, technological advancements and future of global travel trailers market.
Industry Overview: Global travel trailers are known as bumper pull trailers or tag-a-long trailers used for vacations and camping. They are specifically designed or modified for consumers recreational activities. A travel trailer consists of basic sleeping, cooking, and bathroom amenities which is a replica of a home. Modernization has encouraged the demand for travel trailers in the recent years. The presence of healthy financial environment has witnessed a growth in the global travel trailer market. The growth in the global financing market has provided easy availability of credits through financial institution that has driven the sales of travel trailers. The various travel trailers are toy haulers, expandables, teardrop trailers and park models. Toy haulers can carry toys such as small cars, motorcycles, and dune buggies. They also have a third axle to carry heavy toys.
Leading Players and Geography: The travel trailers market is extremely fragmented due to the presence of many vendors who provide a wide array of products. The leading players in the global travel trailer are Eclipse Recreational Vehicles, Forest River, Gulf Stream Coach, Heartland RV and Northwood Manufacturing. Geographically the travel trailer market is spread across Asia-pacific, Europe, Americas, Middle East and Africa. The travel trailer market is prominent in countries such as Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA and Australia. North America dominates the travel trailer market due to changes in lifestyle and living pattern.
Technological Advancements: The major technological advancement in the travel trailers is the integration of cameras to cover blind spots. Cameras are connected to the trailer lights for the power and helps in transmitting the wireless images. Another latest trend is the lightweight travel trailers that can be hauled behind cars or small SUVs. They consist of small propane-powered coolers, stoves and flat-screen televisions to keep the weight down. It was observed that many consumers prefer compact, easy-to-use, and lightweight cabins in the travel trailers which compelled vendors to alter the design of the trailers. Majority of the manufacturers are using electric retractable roof to improve the overall durability and energy consumption. The aftermarket of the travel trailers account for a huge market because they offer additional features such as cargo lamps and cameras.
Future of Global Travel Trailers: Asia-pacific accounts for a larger share of the global travel trailer market and China is accounts for the major share in the global travel trailer market. To ensure growth in the travel trailer market, the manufacturers are investing in developments of new models, various strategies and sustainability. Modernization and increase in consumer disposable income will drive the growth of the global travel trailer market over the coming years.
To know more, click on the link below:
Ankur Gupta, Head Marketing & Communications