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 - Starting a New Business Chapter
The high level of capital required to build fleets can be a barrier to entry. New entrants require a large number of caravans and motorhomes to ensure they satisfy potential demand. These fleets are often funded by debt. Consequently, any tightening in monetary lending, like that which occurred during the global financial crisis, can make it difficult for new players to source funding. Inadequate funding could prevent players from building a large enough fleet to operate effectively and prevent them from completely breaking into the industry.
Companies in the industry also need links to key suppliers and repairers of caravans and motorhomes, or need to hire workers that are skilled in repairing and maintaining relevant vehicles... purchase to read more