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 Locations Chapter
Participants in the automotive sector rely on a downstream network of component and part manufacturers to ensure continuous production of vehicles. The interdependence of these industries results in cluster effects, with similar businesses concentrated in specific regions. As a result, the industry has a stronger presence in Victoria, New South Wales, Queensland and Western Australia than the share of population in these states would suggest.
Operators in the Recreational Vehicle Manufacturing industry are predominately located in Victoria, where they have access to companies in the supply chain. Major player Jayco Corporation Pty Ltd has a primary manufacturing base in Dandenong.
Queensland and New South Wales are also major sites of activity for the industry... purchase to read more