Industry Analysis & Industry Trends
The Caravan and Motorhome Rental industry has been steered towards growth by Australia's ageing population over the past five years, which has resulted in a growing number of retirees embarking on travel around Australia in caravans and motorhomes. While many of these retirees purchase recreational vehicles (RVs) outright, the industry benefits from retirees renting or leasing vehicles to take on shorter holidays. Rising discretionary incomes have also helped generate industry growth, as increased income has led to increased domestic tourism. Consequently, industry revenue is forecast to grow by a compound annual 4.5% over the five years through 2015-16 to reach $171.5 million... purchase to read more
Industry Report - Industry Locations Chapter
Caravan and motorhome rental demand is mainly driven by two demographics: retirees and young families. New South Wales, Victoria and Queensland dominate the distribution of people in these age groups. This is consistent with the geographical spread of dealers within the industry. The relatively large number of dealers located in New South Wales and Victoria is due to a high concentration of caravan and trailer manufacturing in these states. However, the mining boom in Western Australia has increased the importance of the state within the industry, and is estimated to represent the fastest rate of growth compared with all other states.
New South Wales and Victoria are the industry's most important and significant states... purchase to read more