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

In this market study, analysts have estimated toy haulers to be the most common type of travel trailer during the forecast period. Its ability to carry toys such as small cars, motorcycles, and dune buggies distinguishes them from other types of travel trailers. Toy haulers often have a third axle to carry heavy toys.

Competitive landscape and key vendors

The travel trailers market in North America is extremely fragmented owing to the presence of many vendors that have the capability to offer a wide array of products. Since this market offers numerous growth opportunities, many small vendors have started to enter this market. The entry of new vendors in this market intensifies the level of competition, which in turn compels the vendors to come up with an array of travel trailer models that are suitable for various purposes.   

Key vendors in this market are -

• Eclipse RV
• Forest River
• Gulf Stream Coach
• Northwood Manufacturing
• Palomino RV
• Thor Industries
• Universal Trailer

Other prominent vendors analyzed in this market research are Aliner and Somerset Folding Camping Trailers, Allied Recreation Group, Augusta RV, Coachmen Recreational Vehicle, Cruiser RV, DNA Enterprises, Forks RV, Grand Design RV, Great West Vans, HL Enterprises, Jayco, Lance Camper, Let’s Go Aero, Little Guy Worldwide, Prime Time Manufacturing, Renegade RV, Skyline, Spartan Chassis, Starcraft RV, and Winnebago.

Growth drivers, challenges, and upcoming trends - Travel trailers

Technavio’s market research analyst has estimated factors, such as the growing focus on design and aerodynamics of travel trailers, to incite market growth during the predicted period. Recently, it has been observed that many consumers prefer compact, easy-to-use, and lightweight cabins. This change in the consumers’ preference has compelled vendors to alter the design of the trailers. Consequently, manufacturers have started using electric retractable roof in trailers to improve the overall durability and energy consumption of these trailers.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the travel trailers market in North America. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the travel trailers market in North America?
• What are the key market trends impacting the growth of the travel trailers market in North America?
• What are the challenges to market growth?
• Who are the key vendors in the travel trailers market in North America?
• What are the market opportunities and threats faced by the vendors in the travel trailers market in North America?
• What are the key outcomes of the five forces analysis of the travel trailers market in North America?

Technavio also offers customization on reports based on specific client requirement.

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