RV ownership is at a record high with 11.2 million households owning an RV in 2021.
All of the RV statistics on this page are up-to-date.
Keep reading to find new RV industry statistics related to:
- How many people own an RV?
- RV sales by state
- RV ownership by state
- How many RVs are sold each year
- Why people purchase RVs and why the industry is growing
- RV consumer demographics
- RV theft
- A whole lot more
Let’s see some stats.
Key RV Industry Statistics and Trends:
- RV ownership is at a record high with 11.2 million households owning an RV in 2021.
- Approximately 1 million Americans live in recreational vehicles full-time.
- Over 40 million Americans regularly go RVing, with over 25 million RVing a year.
- 38% of the 40 million Americans who own an RV are Millennials.
- Approximately 9% of households in the United States own an RV for recreational purposes.
- At the end of 2020, the RV Industry was worth $31 billion, and it is expected to reach $48 billion by 2026.
- The RV industry is expected to grow by a CAGR of 7% from 2021 to 2026.
- There has been approximately 30,000 RVs produced a month - a wide range of types of RVs.
- Over the past few years, the state that has sold the most RVs is California. RV sales in California reached $500 million.
- The top two states to purchase an RV in are Montana and Texas. Between these states, Montana surpasses Texas when it comes to purchasing an RV.
- There are only 26 RV-related deaths every year, which is one of the lowest fatality rates for automobiles.
Global RV Industry Statistics: How Many People Own An RV?
RVs are designed to provide a home atmosphere for those who still love to travel but like the comfort of having their own space instead of sleeping in hotels.
Due to this, the RV industry has been a popular one for many years, and it is only expected to grow in the next few years. Here are a few statistics involving the global RV industry.
Overview Of The RV Industry
11.2 million households own an RV in 2021.
Approximately 1 million Americans live in RVs full-time.
Over 40 million Americans regularly go RVing, with over 25 million RVing every year.
38% of the 40 million American RV owners are Millenials.
What percentage of people own an RV?
Although RVs are used all over the world, they are most popular in the United States.
New data shows that over 9% of U.S. households own their own RV and use it to go on vacations and other family outings.
The age of homeowners that purchase RVs regularly is usually headed up by 35 to 54-year-olds, with a close second at those over 55.
What is the global RV market size?
Over the past few years, the global RV market value has increased drastically, and at the end of 2020, it was estimated to be worth about $31 billion.
This is large for a single industry, and according to recent industry forecasts, the RV market is only expected to grow over the next few years.
It is forecasted to reach $48 billion by 2026 if everything goes according to plan.
How fast is the RV industry growing?
Compared to some of the other industries, the RV industry is expected to grow by a CAGR of 7% from 2021 to 2026.
Most industries are only averaging approximately 4% CAGR, which gives excellent prospects for this industry, as a whole.
During the COVID-19 pandemic, there has been a slight decrease in the selling of RVs, but not enough to make a severe impact on the overall industry.
This is probably because RVs still allowed people to get out of the house without having to worry about quarantines from hotels and public places.
Who is the largest RV manufacturer in the world?
There are several RV manufacturers in the world, but very few of them are well-known or on a high-end selling expansion.
Based on the current data, the largest RV manufacturer in the world is Thor Industries.
They have always been a well-known manufacturer, but back in 2018, Thor industries was acquired by the Erwin Hymer Group that allowed them to become the largest.
However, Forest River, Inc. is a very close 2nd. They are an American-based manufacturer, and they have annual revenue of approximately $2.4 billion, and Thor Industries are valued at approximately $3.6 billion.
What percent of RVs are stolen?
Believe it or not, RVs account for 6% of stolen vehicles in the United States.
They can be difficult to drive for those that do not know how, but for a thief, they can sell these types of vehicles at a higher price than regular vehicles.
The parts that are used on an RV tend to be more expensive than the common parts found on the majority of other types of vehicles.
Why do people buy RVs?
Several reasons can lead to people buying RVs, but the most common reasons are having a love for exploration and travel.
RVs allow people to travel anywhere they want to go without having to constantly stay in hotels and deal with the unpleasant feeling of strangers have the opportunity of going through your things.
Plus, owning an RV can be an excellent way to escape the drolls over daily life and traveling pace on vacations.
How many RVs are produced every month?
According to statistics, there has been a recorded number of approximately 30,000 RVs produced a month, but this is a wide range of types of RVs.
This number includes folding camping trailers, motorhomes, and travel trailers.
This is a record number compared to the past, and it has been estimated that there are over 9 million RVs of different types on the road in the United States alone.
What is the biggest trend in the RV industry?
This can be difficult to determine because there is such a variety of RVs manufactured in the industry.
However, according to some of the latest data, the camper van segment has become increasingly popular, because it provides an easy to maneuver option compared to other RV units. Plus, they tend to be smaller than other RVs, being roughly the size of vans, and they are capable of being parked in more places than the older traditional RVs.
RV Sales By State: How Many RVs Are Sold Each Year?
States are known for different things. Some states are known for their national parks and camping grounds, while other states are known for their national monuments and landmarks. RV sales vary from state to state, so here are a few RV sales by state statistics that might interest you.
RV Sales By State
Which state sells the most RVs?
Over the past few years, the state that has sold the most RVs is California, totaling in $500 million revenue.
The RV sales in California reached approximately $500 million, and the sales are forecasted to only increase in the next few years due to various trends and desires.
Which state sells the least RVs?
Out of all the states in the United States, Hawaii has the least amount of RV sales revenue.
One contributing factor to this is the fact that it is such a small state compared to others, but the main reason for this is the fact that Hawaii is made up of islands, whereas the other states are all connected to other landmasses, which makes it easier to travel for longer distances and destinations.
What is the best state to buy an RV in?
Based on state laws, the top two states to purchase an RV in are Montana and Texas, but between these two, Montana far surpasses even Texas when it comes to purchasing an RV.
This has to deal with the fact that Montana doesn't impose any sort of general sales tax, and it doesn't have any kind of country sales tax, either.
This makes purchasing an RV in Montana a good $2,000 to $10,000 cheaper based on the make and model of the RV being purchased, compared to other states that do impose these types of taxes.
Which company in the U.S. sells the most RVs?
When it comes to manufacturing RVs, there is some dispute as to which company is the largest, but when it comes to selling the most RVs in the United States, Lazydays RV Tampa has definitely put its best foot forward.
They are known for having the largest selection of RVs in the nation, and they are known for having excellent customer service that takes care of all of their customers' needs and desires when purchasing an RV from them.
RV Consumer Demographics Statistics
Just like with any product, consumer demographic statistics are extremely important because they will allow retailers and manufacturers to market and create RVs that are the most desirable for those that are actually in the market for them. Here are a few of the RV consumer demographic statistics that might be of interest to you.
How many American households own an RV?
Based on the most recent U.S. census, there are a total of 128 million households in the United States, and approximately 9% of these households are RV owners.
So, out of the 128 million households in the United States, about 11.5 million of those households actually own their own RV.
What is the average age of RV owners?
Based on the latest statistics, the average age of RV owners is 48-years-old, and they generally have an average household income of $62,000.
These households also spend an average of 3-4 weeks a year traveling or vacationing, which accounts for their desire to own their own RV.
What is the average age of full-time RVers?
People who live in their RVs full-time are often called fulltimers, and when living in their RV full-time, there are a lot of things that need to be considered.
Based on the results of various demographic statistics, the average age of people who live in their RVs full-time is around the age of 62.
What age group buys RVs?
In the past, the most popular age group for buying RVs were over the age of 60, but according to the past few years, the age group for buying RVs has actually decreased to those under the age of 60, and it is usually in their mid-forties, which is a drastic drop in age groups.
Do men or women purchase RVs more frequently?
According to the latest statistics, the majority of RVs are purchased by males between the ages of 38 to 55, but there has been a rise in solo women purchasing RVs, over the past few years.
However, men are still more likely to purchase an RV than a woman.
RV Cost Statistics & Trends
The cost of an RV can vary depending on the type of RV that you are considering, and the price of RVs changes based on the trends that are happening. Here are a few statistics and trends that are directly related to the RV industry.
How much does the average RV cost to buy?
The price of an RV is dependent on a variety of factors, and depending on the size, class, and features of the RV you are looking at, you can expect to pay anywhere from $35,000 to $300,000.
How much do RVs cost to rent?
If purchasing your own RV is not in the budget, it is possible to rent RVs, which will give you the same freedom as many RV owners without having to deal with the upkeep of the RV on a regular basis.
Depending on the class of RV you plan on renting, here are the average rental prices for the four main types of RVs:
- Travel Trailer - $50 to $125 per night
- Class A RV - $175 to $275 per night
- Class B RV - $100 to $200 per night
- Class C RV - $150 to $200 per night
Is owning an RV cost-effective?
Depending on the circumstances, owning an RV can be a cost-effective purpose, especially if you and your family enjoy going on road trips and vacations. When going on vacations, owning your own RV can help to greatly reduce the overall cost of traveling, because you will not have to worry as much about things like:
- Eating out
- Flights
- Accomodations
- Car rentals
What are the most important used RV price trends?
One of the largest price trends in the RV industry is the technological advances that people find and comfort them. For instance, having Wi-Fi hook up in an RV is a huge deal for many RV owners because everyone likes being able to connect even when they are away on vacation.
RV Accident Statistics
Whenever you are looking at an automotive industry, it is important to review the accident statistics on the type of industry you are looking at to be able to access the risk of the products you are considering. Here are a few accident statistics that have to deal with RVs.
How many RV accidents happen every month?
Every month, there are only a handful of RV accidents, but this depends on the time of year. In the traveling months, like June and July, the number of RV accidents can increase and this is because there are more RVs on the road.
How many RV accidents happen every year?
According to the latest statistics, there are only 26 RV-related deaths every year, which is one of the lowest fatality rates for automobiles.
What are the most common causes of RV accidents?
The most common cause for RV accidents is the driver not using common sense and attempting to drive for longer distances at a given sitting than they should.
It is important to drive safely and realize how big an RV is and how important it is to drive when you are awake and alert.
RV Statistics In The U.K.
RVs are not just popular in the United States. In fact, did you know that approximately 3% of households in the U.K. own an RV? Here are a few statistics that cover the RV industry in the U.K.
What percentage of people own an RV in the U.K?
Based on the most recent reports, approximately 3% of households in the U.K. own an RV or Caravan as they are commonly referred to in this country.
What is the RV market size in the U.K?
The RV market size in the U.K. was estimated to be approximately $25 billion at the end of 2020.
This number is expected to hold steady with the potential of growing based on various market trends.
How fast is the RV industry growing in the U.K?
Although it doesn't have the CAGR of the United States, the RV industry in the U.K. is still expected to grow approximately 1.5% between now and 2026.
This CAGR percentage can go up or down based on the economy and the trends surrounding the industry.
Who is the largest RV manufacturer in the U.K?
Many manufacturers produce RVs in the U.K., but Brownhills is one of the largest manufacturers that provide motorhomes and other RV types to people all over the U.K.
They are also known for providing quality customer service with their products, which is important in being able to sell products.
What percent of RVs are stolen in the U.K?
In the U.K. there is a theft rate for RVs or Caravans of approximately 6%, and this is due to how large these vehicles are to steal and make a profit off of them after stealing them.
RV Statistics In Canada
After the United States, Canada has one of the highest popularity rates for RVs in the world. Keep reading to find the most important RV stats and facts about the growing industry in Canada.
What percentage of people own an RV in Canada?
Based on the most recent statistics, approximately 2.1 million households in Canada own an RV, which is about 14% of the entire Canadian population, which is comparable to the United States but is still slightly less in numbers.
What is the RV market size in Canada?
At the end of 2020, the Canadian RV market size was worth approximately 9.6 billion Canadian dollars, and it is only expected to grow over the next few years, due to the popularity of RVs and the growth of that popularity.
How fast is the RV industry growing in Canada?
When looking at the data and projections, the RV industry is expected to grow at an average of 1.7% from 2020 to 2026, which isn't a huge increase, but for the population size of Canada, this is a fairly significant increase.
What percent of RVs are stolen in Canada?
The percentage of RVs stolen in Canada can vary depending on your definition of what constitutes an RV, but all in all, approximately 3% of RVs are stolen in Canada, which is still a lot lower than in other countries and compared to other vehicle thefts in Canada.
Who is the largest RV manufacturer in Canada?
According to statistics, there are 6 major RV manufacturers in Canada spread across the country, and based on data and reports, the largest manufacturer of Canadian RV manufacturers is Outback Trillium Trailers operated out in Ontario.
Conclusion
RVs are used all around the world to promote traveling and enjoyment.
Many people have come to prefer traveling in an RV because it provides them with the option of traveling at their own pace with less money than most hotel vacations cause.
Due to this, the RV industry has increased, both in manufacturer and repair services, and it is expected to grow in the upcoming years, based on the various trends that surround the industry.
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