Recreational Vehicle Market Forecast Shows High Demand Among Millennials, Gen Z, and Retiree Travelers
The global recreational vehicle (RV) market is entering a phase of sustained expansion, fueled by shifting consumer lifestyles, rising outdoor leisure activities, and growing demand for mobile travel solutions. According to recent market projections, the global recreational vehicle market size is expected to reach US$53.1 billion in 2025 , advancing steadily to approximately US$81.4 billion by 2032 . This robust rise represents a compound annual growth rate (CAGR) of 6.3% between 2025 and 2032, signaling stable long-term prospects for manufacturers, dealers, and related service providers. Several structural factors are shaping the market’s upward trajectory. Increasing consumer preference for flexible travel, rising disposable incomes in emerging markets, and the surge of “van life” and outdoor tourism trends continue to positively influence RV adoption. Furthermore, the rising appeal of remote work lifestyles is encouraging consumers to seek travel solutions that combine mobil...