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Recreational Vehicle (RV) Composite Panels Market is Likely to Reach US$ 554.9 million in 2024
The research report is published in the Feb,2019 with 230 pages of a detailed analysis.
Published 22 March 2019
Launching announcement of a new research report on Recreational Vehicle (RV) Composite Panels Market which is projected to reach US$ 554.9 million by 2024 - forecasted by Stratview Research. The study provides an in-depth analysis by Product Type (Towables and Motorized), by Application Type (Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel), by Resin Type (Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels), by Core Material Type (PS Foam, PU Foam, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024
Click here to read the detailed description and TOC
Recreational Vehicle Composite Panels Market: Highlights
Recreational vehicle composite panels market continued its disruptive journey in 2018. The next five years for the market are going to be more vigorous with attractive growth opportunities in the entire ecosystem of the market. It is estimated that the recreational vehicle composite panels market will reach an estimated value of US$ 554.9 million in 2024. Organic growth in the production of recreation vehicles supported by growing outdoor participation activities and conversion of tent participants to RV enthusiasts is the prime growth driver of the market. An incessant shift from traditional wood panels to composite panels in RV is aiding additional growth in the market, ultimately driving the segment to grow at an above-industry growth rate in the foreseeable future.
Camping roughly accounts for one-third of the total US outdoor participation activity. In camping, recreation vehicles activity represents one of the major outdoor activities, especially in the North American and European countries. RV campers have been increasing progressively as the activity allows campers to freely move at any destination at any time. RV vehicles include camping vehicles, either motorhomes or large trailers towed by trucks.
Over a period of time, the RV industry has experienced a remarkable transition in the panel's technology in terms of material and design. Nowadays, RVs panels are preferably being made with composites rather than wood or metals. Weight reduction is the key requirement of RV OEMs which gives an extra room to OEMs to take the comfort of customers to the next level by adding more luxury items. Although the price of composite panels is higher, these panels are marking greater penetration in the industry as OEMs are gradually abolishing wood panels for sidewalls and floors, which are prone to damage or moisture intrusion.
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The market for composite panels in recreational vehicles is segmented based on the product type as Towable RV and Motorized RV. Towable RV is expected to remain the most dominant segment of the market during the forecast period, driven by North America. Towable RVs are more common in North America as compared to Europe, the latter region has the dominance of motorized vehicles. Towable vehicle shipments accounted for more than 85% of the total RV shipments in North America in 2018.
Based on the application type, the composite panels market in recreational vehicles is segmented as Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel. Sidewall panel is expected to remain the most dominant application in the market over the next five years, whereas floor panel is likely to be the fastest-growing application during the same period. There are different materials and designs of panels for different applications in RVs.
The market is also segmented based on the resin type as Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels. Polyester composite panel is expected to remain the largest segment during the forecast period. Polyester resin has the lowest cost and offers good properties including impressive linear thermal expansion and relatively low shrinkages, which make it best fit for producing recreational vehicle composite panels. Epoxy resin is a preferred choice for some floor and roof panel applications.
The market is segmented based on the core material type as polystyrene (PS) foam, polyurethane (PU) foam, and other core materials. PS Foam is expected to remain the major core material type during the forecast period. Excellent mechanical properties, excellent insulation property, good moisture resistance, and low weight are some of the key factors that have led to the high adoption of PS foam in the market.
In terms of regions, North America is expected to remain the largest market for recreational vehicle composite panels during the forecast period. The USA is the growth engine of the North American market. Europe is also likely to offer sizeable growth opportunities during the forecast period. Germany is likely to remain the largest and fastest-growing market in the European region during the same period.
The supply chain of this market comprises raw material suppliers, composite panel manufacturers, distributors, recreational vehicle OEMs, and dealers. Major recreational vehicle composite panel manufacturers are Crane Composites Inc., LAMILUX Heinrich Strunz Holding GmbH & Co. KG, US Liner Company, Glasteel (Stabilit America Inc.), and Hanwha Adzel, Inc. Development of lightweight composite panels, expansion of the regional network, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Consumer Goods Industry, refer to the following link
Click here to read the detailed description and TOC
Recreational Vehicle Composite Panels Market: Highlights
Recreational vehicle composite panels market continued its disruptive journey in 2018. The next five years for the market are going to be more vigorous with attractive growth opportunities in the entire ecosystem of the market. It is estimated that the recreational vehicle composite panels market will reach an estimated value of US$ 554.9 million in 2024. Organic growth in the production of recreation vehicles supported by growing outdoor participation activities and conversion of tent participants to RV enthusiasts is the prime growth driver of the market. An incessant shift from traditional wood panels to composite panels in RV is aiding additional growth in the market, ultimately driving the segment to grow at an above-industry growth rate in the foreseeable future.
Camping roughly accounts for one-third of the total US outdoor participation activity. In camping, recreation vehicles activity represents one of the major outdoor activities, especially in the North American and European countries. RV campers have been increasing progressively as the activity allows campers to freely move at any destination at any time. RV vehicles include camping vehicles, either motorhomes or large trailers towed by trucks.
Over a period of time, the RV industry has experienced a remarkable transition in the panel's technology in terms of material and design. Nowadays, RVs panels are preferably being made with composites rather than wood or metals. Weight reduction is the key requirement of RV OEMs which gives an extra room to OEMs to take the comfort of customers to the next level by adding more luxury items. Although the price of composite panels is higher, these panels are marking greater penetration in the industry as OEMs are gradually abolishing wood panels for sidewalls and floors, which are prone to damage or moisture intrusion.
Request sample here
The market for composite panels in recreational vehicles is segmented based on the product type as Towable RV and Motorized RV. Towable RV is expected to remain the most dominant segment of the market during the forecast period, driven by North America. Towable RVs are more common in North America as compared to Europe, the latter region has the dominance of motorized vehicles. Towable vehicle shipments accounted for more than 85% of the total RV shipments in North America in 2018.
Based on the application type, the composite panels market in recreational vehicles is segmented as Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel. Sidewall panel is expected to remain the most dominant application in the market over the next five years, whereas floor panel is likely to be the fastest-growing application during the same period. There are different materials and designs of panels for different applications in RVs.
The market is also segmented based on the resin type as Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels. Polyester composite panel is expected to remain the largest segment during the forecast period. Polyester resin has the lowest cost and offers good properties including impressive linear thermal expansion and relatively low shrinkages, which make it best fit for producing recreational vehicle composite panels. Epoxy resin is a preferred choice for some floor and roof panel applications.
The market is segmented based on the core material type as polystyrene (PS) foam, polyurethane (PU) foam, and other core materials. PS Foam is expected to remain the major core material type during the forecast period. Excellent mechanical properties, excellent insulation property, good moisture resistance, and low weight are some of the key factors that have led to the high adoption of PS foam in the market.
In terms of regions, North America is expected to remain the largest market for recreational vehicle composite panels during the forecast period. The USA is the growth engine of the North American market. Europe is also likely to offer sizeable growth opportunities during the forecast period. Germany is likely to remain the largest and fastest-growing market in the European region during the same period.
The supply chain of this market comprises raw material suppliers, composite panel manufacturers, distributors, recreational vehicle OEMs, and dealers. Major recreational vehicle composite panel manufacturers are Crane Composites Inc., LAMILUX Heinrich Strunz Holding GmbH & Co. KG, US Liner Company, Glasteel (Stabilit America Inc.), and Hanwha Adzel, Inc. Development of lightweight composite panels, expansion of the regional network, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Consumer Goods Industry, refer to the following link
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