Powersports Apparel Market Share

Powersports Apparel Market Share Analysis

Governments around the world are doing more to encourage people to use recreational vehicles (RVs), and this is expected to make more people want to use them. For example: In 2018, the Chinese government promised to add 2,000 new RV campgrounds by 2020, way more than the 300 they had in 2018. This was done to get more people interested in the RV lifestyle and to promote tourism in rural areas. The RV Industry Association is working closely with governments and big trade groups in China, South Korea, and Japan. They are trying to make the standards for recreational vehicles in the US known in these countries and boost sales there. All these efforts are likely to make more people want recreational vehicles worldwide in the coming years. Also, private companies are putting more money into making new and better RVs. Here are a few examples: In 2018, Nissan made an electric campervan based on its e-NV200 van model in Spain. Some existing RV companies like Winnebago Industries Inc. and Dethleffs Motorhomes are also making electric motorhomes. They are using new technologies and creating different models to expand their reach in various regions and get more of the market in the future. In 2018, Pinnacle Specialty Vehicles introduced 'Finetza,' which is India’s first expandable motorhome with luxury and style at Auto Expo 2018. This high-end motorhome aims to redefine the country’s on-road travel experience. In the same year, American Coach launched the American Dream Class A Diesel RV at an annual event. American Coach is the top-of-the-line luxury recreational vehicle brand from REV Group. Even though big companies are just starting these plans, and they are mainly happening in a few places, it's expected that they will do more in the future. So, the plans these big players have for growth are likely to create opportunities for the global recreational vehicles market to grow in the future.