Global Recreational Vehicle Awnings Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Recreational Vehicle Awnings Market 2021 (Includes Business Impact of COVID-19)
Global Recreational Vehicle Awnings Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global recreational vehicle awnings market report has been segmented on the basis of type, application, and region.
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Global Recreational Vehicle Awnings Market: Overview


Recreational vehicles (RV) are vehicles or trailers that are modified to be used as temporary accommodation on-the-go. Recreation vehicles include all the basic things that are required for accommodation. On most of the RVs the roll out awnings are done, and these awnings are made of canvas or other materials. This awning is attached to the door side of the vehicle and it has length of 75% of the RVs. There are two types of awnings, one which is operated manually and other is operated electronically. To keep out wind and bugs, some awnings have side curtains. To prevent inside material of vehicle such as furniture and carpets from fading, recreational vehicle awning is used. Recreational vehicle awning prevents rain, dust, sun shining through windows, so that a standard temperature is maintained inside the recreational vehicle.


Global Recreational Vehicle Awnings Market: Dynamics


Key factor driving growth of the global market is rising interest in outdoor activities such as camping. Recreational vehicle awning is much better and safer than tent as it offers various advantages over tents. Few years ago, only manually operated awnings were available in the market but after development of technologically advanced electronically operating awnings have been made available. This has led to it being more reliable and is expected to drive growth of the global recreational vehicle awning market. Increasing number of RV parks and ground and rising number of RVs have resulted into higher demand for awnings to be installed in RVs.

Moreover, installation of luminous LED, speakers, fans has augmented the sales of the products. Moreover, increasing adoption of solar panels instead of fabrics as roof material as it has more benefits and can be used to generate energy for functioning of the RVs is expected to create lucrative revenue opportunities for players operating in the global market. Currently, very few companies are offering solar panels awnings.

However, government rules and regulations regarding use of recreational vehicles in certain countries might limit growth of the global recreational vehicle awnings market.


Global Recreational Vehicle Awnings Market: Segment Analysis


Among the application segments in the global recreational vehicle awnings market, the electric segment is expected to account for major share in terms of revenue. Electronically operated recreational vehicle awnings offer more reliability which is expected to increase the demand for the electric segment.


Global Recreational Vehicle Awnings Market: Region Analysis


The North America market is expected to account for major share in terms of revenue in the target market and is expected to continue with its dominance. This can be attributable to increasing demand recreation vehicles for outdoor activities, camping and tours in countries in this region. The market in Asia Pacific is expected to register moderate growth rate owing to less adoption of RVs in countries in the region as the roads are narrow and not suitable for RVs. Moreover, it is difficult to park RVs on the roadside due it is size.

Global Recreational Vehicle Awnings Market Segmentation:

Segmentation by Type:

  
Vinyl
  
Acrylic

Segmentation by Application:

  
Electric
  
Manual


Key Market Players included in the report:


  
American RV Company
  
Camping Connection, Inc.
  
Carefree/Scott Fetzer Company
  
Dometic Group AB (PUBL)
  
Duncan Systems, Inc.
  
FiammaInc.
  
Girard RV Awnings - Girard Systems Inc.,
  
Girard Systems Inc.,
  
JC Whitney
  
Lippert ComponentsInc.
  
RV Awnings Online
  
RV Parts Country
  
Shade Pro Inc. and Stone Vos LLC.
  
Stone Source LLC


Below are the key development related to Recreational Vehicle Awnings Market in 2020 and 2021.


April 2021: LCI Industries (NYSE: LCII), through its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert”) which supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, announced that its new wholly-owned German subsidiary, LCI Industries GmbH, acquired 100% of the shares of Schaudt GmbH Elektrotechnik & Apparatebau (“Schaudt”), a leading supplier of electronic controls and energy management systems for the European Caravan Industry. Located in Markdorf, Germany, Schaudt has been one of the leading suppliers to the recreational vehicle market in Germany and throughout Europe for over 40 years. Source

November 2020: ippert Components Subsidiary Completes Acquisition of Challenger Door. LCI Industries (NYSE: LCII) announced that its wholly-owned subsidiary, Lippert Components, Inc. (“LCI”), a supplier of a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, has acquired substantially all of the business assets of Challenger Door, LLC (“Challenger Door”), a leading manufacturer and distributor of branded doors for the RV industry and products for specialty and cargo trailers. Source