According to the recent study the recreational vehicle composite panel market is projected to reach an estimated $763.6 million by 2028 from $560.0 million in 2023, at a CAGR of 6.4% from 2023 to 2028. Growth in this market is primarily driven by growing demand for fuel-efficient and lightweight vehicles, increasing inclination towards composite panels in RVs in place of conventional wood panels, and rising preference for using RVs for camping vacations.
A more than 150–page
report is developed to understand trends, opportunities and forecast in recreational
vehicle composite panel market by product type (towable RV and motorized RV),
application (sidewall panel, slide-out panel, roof panel, and floor panel), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
“Towable market is expected to remain the largest segment during
the forecast period.”
Based on product type,
the recreational vehicle composite panel market is segmented into towable RV
and motorized RV. Lucintel forecasts that the towable market is expected to
remain the largest segment due to the considerable use of these RVs as both
camping and traveling and increasing demand for towable RVs owing to their
advantages, such as being affordable, simple to use and maintain, and able to
be towed by a range of vehicles.
“Within the recreational vehicle composite panel market, the
sidewall panel segment is expected to remain the largest application.”
Based on application the
sidewall panel segment is expected to witness the highest growth over the
forecast period due to the growing installation of these panels to support RV
roof structure.
“North America will dominate the recreational vehicle composite
panel market in near future.”
North America will
remain the largest region due to the increasing investment by manufacturers and
growing popularity of RVs among elderly populations who prefer to travel in
luxury and comfort in this region.
Major players of
recreational vehicle composite panel market are adopting various growth
strategies like new product launches, expansions, merger and acquisitions,
partnerships, agreements, and collaborations to expand their presence in this
market. Crane Composites, LAMILUX Heinrich Strunz, Hanwha Adzel, US Liner
Company, and Glasteel are among the major recreational vehicle composite panel
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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