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 SWOT Analysis Chapter
The Caravan and Motorhome Rental industry is in the mature phase of its life cycle. Industry operators have benefited from Australia's ageing population, which has increased the number of retirees, which represents the industry's primary market. The high Australian dollar over much of the past five years encouraged domestic residents to travel overseas and deterred international tourists from travelling to Australia. The continued depreciation of the dollar from its peak in 2012-13 is projected to benefit the industry as it supports growth in domestic tourism.
Industry value added (IVA) measures an industry's contribution to the overall economy... purchase to read more