Product Code: ETC048604 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Recreational Vehicle market currently, in 2023, has witnessed an HHI of 9018, Which has increased moderately as compared to the HHI of 4981 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The recreational vehicle (RV) market in India is one of the fastest-growing segments within the country?s automotive industry. The demand for RVs has been increasing steadily due to rising disposable income and growing interest in adventure travel among both domestic and foreign tourists. Additionally, various initiatives taken by the government to promote tourism are further expected to increase the demand for RVs. In 2025, it is estimated that this market will record a CAGR of around 13.1% during the forecast period from 2025 to 2031.
Growing Disposable Income amongst Urban Population: The rise in disposable incomes amongst urban populations has allowed them to explore more leisure-based activities such as camping trips or vacations with family/friends, which require staying outdoors for extended periods of time - thereby driving up RV sales in India. Government Initiatives Promoting Tourism: With its ?Incredible India? program, the government encourages travelers and tourists from overseas markets through promotional campaigns on international platforms like airlines and hotels; additionally, multiple tax benefits have also been granted under certain schemes such as Make My Trip or Yatra making these services cheaper than before ? creating a favorable environment for increased sales of recreational vehicles (RV).
High Cost & Limited Availability Of Parts & Accessories : Recreational vehicles are expensive purchases that come with prohibitively high costs associated with parts replacement and maintenance work required over their lifespan ? significantly limiting penetration rates among lower-income groups who cannot afford such luxuries even if interested due to upfront expenses involved; furthermore, limited availability of spare parts can often make matters worse by limiting repair options available at short notice when needed.
Some key players operating in RV Market include Apollo Motorhomes Ltd., Mahindra Holidays & Resorts Ltd., Bajaj Auto Ltd., Eicher Motors Ltd., Volkswagen Group India Pvt Ltd., Toyota Kirloskar Motor Pvt Ltd., Tata Motors Corp., Honda Cars India ltd etc.
Due to strict measures implemented across nations worldwide following outbreak COVID 19 pandemic ,the Indian automobile sector witnessed severe downfall owing disruption supply chain coupled with stringent lockdown rules imposed by federal governments globally .However ,with easing restrictions movement curbs major automakers are focusing towards recovery strategies including capacity expansion , launch new products along with digital marketing endeavors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Recreational Vehicle Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Recreational Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 India Recreational Vehicle Market - Industry Life Cycle |
3.4 India Recreational Vehicle Market - Porter's Five Forces |
3.5 India Recreational Vehicle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Recreational Vehicle Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Recreational Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Recreational Vehicle Market Trends |
6 India Recreational Vehicle Market, By Types |
6.1 India Recreational Vehicle Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Recreational Vehicle Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Recreational Vehicle Market Revenues & Volume, By Fifth Wheel Campers, 2021-2031F |
6.1.4 India Recreational Vehicle Market Revenues & Volume, By Folding Camper, 2021-2031F |
6.1.5 India Recreational Vehicle Market Revenues & Volume, By Truck Campers, 2021-2031F |
6.1.6 India Recreational Vehicle Market Revenues & Volume, By Travel Trailers, 2021-2031F |
6.1.7 India Recreational Vehicle Market Revenues & Volume, By Class A Motorhomes, 2021-2031F |
6.1.8 India Recreational Vehicle Market Revenues & Volume, By Class B Motorhomes, 2021-2031F |
6.2 India Recreational Vehicle Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Recreational Vehicle Market Revenues & Volume, By Leisure, 2021-2031F |
6.2.3 India Recreational Vehicle Market Revenues & Volume, By Business, 2021-2031F |
7 India Recreational Vehicle Market Import-Export Trade Statistics |
7.1 India Recreational Vehicle Market Export to Major Countries |
7.2 India Recreational Vehicle Market Imports from Major Countries |
8 India Recreational Vehicle Market Key Performance Indicators |
9 India Recreational Vehicle Market - Opportunity Assessment |
9.1 India Recreational Vehicle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Recreational Vehicle Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Recreational Vehicle Market - Competitive Landscape |
10.1 India Recreational Vehicle Market Revenue Share, By Companies, 2024 |
10.2 India Recreational Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |