Industry Analysis & Industry Trends
The Recreational Vehicle Manufacturing industry produces a range of products that enable Australians to travel to remote locations comfortably and economically using the nation's road networks. To use the industry's products to their full potential, major markets need time to travel and the funds to do so. Consequently, the industry's most lucrative market segments are baby boomers and seniors. In the five years through 2013-14, the proportion of Australians over the age of 50 has increased and the industry has entered a growth phase. Industry revenue is expected to increase at an annualised 7.0% over the five years though 2013-14, to reach $1.2 billion. Over the same period, the number of registered recreational vehicles (RVs) is expected to grow at an annualised 5.6%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Recreational Vehicle Manufacturing industry is in the growth stage of its life cycle. The industry's economic contribution (value added) is forecast to increase at an annualised 6.2% over the 10 years through 2018-19. In contrast, GDP is expected to increase at an annualised 2.5%. This means the industry's economic contribution is expanding. As such, the industry is in the growth stage of its life cycle.
The number of establishments and enterprises is growing. Firms are entering the industry and setting up manufacturing establishments to meet growing demand. Establishment numbers are expected to grow by an annualised 3.0% over the 10 years through 2018-19.
There is trend towards larger RVs with more features... purchase to read more