Travel Trailers Market in North America 2015-2019

Overview of the travel trailers market in North America

Travel trailers are also known as bumper pull trailers or tag-a-long trailers and are specifically designed or modified for recreational activities. Recent changes in the lifestyle and living pattern of the populace in this region have spurred the demand for travel trailers in the last few years. The presence of a healthy financial environment in this region will impel the prospects for market growth during the forecast period. The consumer buying pattern for travel trailers in this region illustrates that a significant number of buyers opt for finance from banks for their purchase. Consequently, any growth in the financing market will result in the easy availability of credits, which in turn will drive the sales of travel trailers during the predicted period. The market for travel trailers in North America is expected to grow at a CAGR of more than 12% until 2019.

Technavio’s market research analyst has estimated eminent factors, such as the advent of favorable Internal Revenue Service (IRS) tax deduction norms, to impel market growth during the forecast period. As per the IRS rule, a travel trailer with basic sleeping, cooking, and bathroom amenities can be used as security to acquire a loan. As long as the travel trailer meets the IRS standards, one can claim the travel trailer as a second home. Since owning a travel trailer allows individuals to avail a tax break, its adoption is envisaged to increase rapidly over the next few years.

Product segmentation and analysis of the travel trailers market in North America

• Toy haulers
• Expandables
• Teardrop trailers
• Park models