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Technavio has been monitoring the recreational vehicle (RV) market in North America and it is poised to grow by USD 9.43 billion during 2020-2024, decelerating at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Recreational Vehicle (RV) Market in North America 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a negative impact on the recreational vehicle (RV) market in North America. However, the market in 2020 is likely to see an increase compared to the market g