Global Recreational Vehicles Generator Market 2017-2021

Overview of the global recreational vehicles generator market

Technavio's market research report predicts that the global recreational vehicles generator market will grow at a CAGR of above 7% during the forecast period. The tax deduction on recreational vehicle (RVs) is one of the major factors that will have a positive influence on the growth of the market in the coming years. According to the regulations rule by the Internal Revenue Service (IRS) of the US, a recreational vehicle, which includes basic sleeping, cooking, and toilet facilities, can be used as collateral against a loan. Given that the recreational vehicle meets the IRS standards, regardless of how it is used, one can claim the recreational vehicle as a second home. This offers consumers a tax break as per federal tax law, which states that an individual can deduct mortgage interest on both the main home and the second home. This will induce more customers to invest in RVs, which will subsequently, drive the growth of the recreational vehicles generator market.

One of the latest trends that will gain traction in the recreational vehicles generator market is the rising popularity of gas generators. Diesel generators create a lot of noise and pollution during their operation and are not preferred for several residential, commercial, and industrial applications. Many large end-users have already started adopting gas generators, leading to a rise in the production of gas-powered generators, particularly in drilling and fracking. In addition to reduced noise, gas generators also eliminate the need for fuel refills during power outages and emit negligible green- house gases. Such advantages will induce end-users to prefer gas-powered generators over RV diesel generators.

Competitive analysis and key vendors

The global recreational vehicles generator market consists of numerous large international and regional vendors. Local and regional RV generator vendors in the market are focusing on developing low-cost options for recreational vehicle users. Due to the limited scope for product differentiation, the vendors are finding it extremely difficult to gain a competitive edge over their competitors.

Key vendors in the market are:

• Briggs & Stratton
• Cummins
• Eaton
• Generac Holdings
• Honda Motor

Other prominent vendors include Caterpillar, CHAMPION POWER EQUIPMENT, Dresser-Rand, GE, Mi-T-M, Rolls-Royce, Multiquip, Powerdyne International, Scott's Emergency Lighting & Power Generation, Technotronic Industries, TECO-Westinghouse Motor Company, and Wacker Neuson.

Segmentation by application and analysis of the recreational vehicles generator market

• Travel trailers and campers
• Motorhomes

During 2016, the travel trailers and campers segment dominated the rv diesel generator market and is expected to continue its dominance over the next four years. The major factor contributing to the growth of the segment is the integration of new and enhanced features by manufacturers to improve the home-on-wheels experience.

Geographical segmentation and analysis of the recreational vehicles generator market

• Americas
• APAC
• EMEA

The Americas dominated the recreational vehicles generator market during 2016 and is foreseen to continue its market dominance during the forecast period as well. The rise in adoption of RVs by millennials, the availability of high-tech features due to technological advancements, and the flourishing economy, are the major factors that will attribute to the growth of the rv diesel generator market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global recreational vehicles generator market?
• What are the key market trends impacting the growth of the global recreational vehicles generator market?
• What are the challenges to market growth?
• Who are the key vendors in the global recreational vehicles generator market?
• What are the market opportunities and threats faced by the vendors in the global recreational vehicles generator market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA .
• What are the key outcomes of the five forces analysis of the global recreational vehicles generator market?

Technavio also offers customization on reports based on specific client requirement.

RV generators are portable gas or diesel generators used to power appliances within a recreational vehicle and recharge its battery. In order to help the client gain a competitive edge, research analysts at the global market research firm Technavio deliver a comprehensive collection of industry research reports on the various aspects of the test and measurement and engineering tools sectors, which are an integral part of the heavy industry sector.

To precisely predict the industry's growth prospects, our analyst's follow a corroborative approach of primary and secondary data collection methods and perform a detailed analysis of multiple aspects, such as advancements in technology and the impending trends in the consumer demand for different products and services across multiple geographical regions. This impending research report on recreational vehicles generator market also considers the growth of the similar markets such as power cables market and refrigerant compressors market, which are predicted to project a CAGR of around 7% and around 5%, respectively until 2021. According to our research analysts, the global tourism industry has been witnessing high growth over the last few years. This exponential rise of the tourism industry is expected to upsurge the growth of the recreational vehicles generator market in the coming years.

The upcoming industry research report for recreational vehicles generator market applications also identifies the primary drivers, forthcoming trends, coupled with the challenges currently experienced by the market. It also presents a detailed insight into the changing vendor landscape to give you a precise insight of the future of the heavy industry.