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Recreational Vehicle Dealers in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Recreational Vehicle Dealers in Canada Market Research Report | NAICS 44121CA | Aug 2016

Revving engines: The growing baby boomer retirement rate will boost revenue

IBISWorld’s Recreational Vehicle Dealers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
2.6%
Annual Growth 16-21
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Profit
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Employment
5,528
Businesses
974
Industry Analysis & Industry Trends

The Recreational Vehicle Dealers industry has performed well over the past five years, supported by growth in disposable income and favourable access to credit. A greater number of baby boomers, one of the industry's principal market segments, entered retirement over the five years to 2016. This age group's growing capacity for leisure and higher purchasing power make it a prime candidate for RVs and RV-related vacations. RV dealers are poised for continued growth over the five years to 2021, although the industry will be challenged in the short term by sluggish growth and demand in certain provinces. Although the financial position of the baby boomer demographic remains unclear, their high retirement numbers offer a wide market for RV and motorhome dealers... purchase to read more

Industry Report - Industry Analysis Chapter

Since RVs are large purchases that often require a long-term financial commitment, credit access and consumer confidence in the economy largely determine RV sales. Industry performance is also dependent on demographic shifts among baby boomers, the industry’s most lucrative customer group, and the price of crude oil. Although the Great Recession is long over and impacted the Canadian economy less severely than that of the United States, it crippled the retirement savings of Canada’s baby boomer generation, resulting in industry revenue decline until 2012. Since then, stronger consumer spending and favourable interest rates have renewed demand for RV purchases, despite sluggish economic performance in oil-producing regions. In .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Recreational Vehicle Dealers Industry?

This industry sells new and used motorized or towed recreational vehicles (RVs). The industry also provides repair services and sells parts.

Industry Products
Travel RVsFifth-wheel trailersFolding camping trailersTruck campersClass AClass BClass CParts and services
 
Industry Activities
Retailing motor homesRetailing recreational vehicles (RVs)Repairing recreational vehicles and accessoriesRetailing travel trailers


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