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 Products Chapter
The industry's products can be divided into two broad categories: products that need to be towed and motorised products. The former category is dominated by caravans but also includes a range of camping trailers and pop-tops. These products tend to have a lower average cost as they do not contain engines. The latter category is dominated by motorhomes, followed by campervans.
Caravans are the industry's major product by volume and share of revenue. They are designed to be towed by an existing vehicle, in compliance with state regulations. The lack of a motor makes this product one of the industry's most accessible. Caravans account for an estimated 49.7% of industry revenue in 2013-14... purchase to read more