The 2023-2028 Outlook for Recreational Vehicles in India

This study covers the latent demand outlook for recreational vehicles across the states, union territories, and cities of India. Latent demand (in millions of U.S. dollars), or potential industry earnings (P.I.E.) estimates are given across over 4,900 cities in India. For each city in question, the percent share the city is of its state or union territory and of India as a whole is reported. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. This statistical approach can prove very useful to distribution and/or sales force strategies. Using econometric models which project fundamental economic dynamics within each state, union territory, and city, latent demand estimates are created for recreational vehicles. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. In this report we define the sales of recreational vehicles as including all commonly understood products and/or services falling within this broad category, irrespective of product packaging, formulation, size, or form. Companies participating in this industry include ADRIA MOBIL d.o.o, Airstream, Chausson, Coachmen RV a Division of Forest River, Inc., Crossroads RV, Cruiser RV, Dethleffs Motorhomes, DRV Luxury Suites, Dutchmen RV, Erwin Hymer, Fleetwood Corporation, Forest River, GMC Motorhome, Grand Design RV, Heartland Recreational Vehicles, Highland Ridge, Hobby-Wohnwagenwerk Ing. Harald Striewski, Hymer GmbH & Company KG, Jayco, Kropf Industries, K-Z, Lunar Caravans, Nexus RV, Niesmann + Bischoff, Northwood Manufacturing, Palomino RV, Pilote, Pleasure-Way Industries, REV Group, Skyline, Starcraft RV, Swift Group, Thor Industries, Tiffin Motorhomes, Trigano, Triple E Recreational Vehicles, Westfalen Mobil, and Winnebago Industries. In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. All figures are in a common currency (U.S. dollars, millions) and are not adjusted for inflation (i.e., they are current values). Exchange rates used to convert to U.S. dollars are averages for the year in question. Future exchange rates are assumed to be constant in the future at the current level (the average of the year of this publication's release in 2022).