The market is expanding as a result of growing leisure activities, a rise in camping enthusiasts, and an increase in the demand for lightweight and fuel-efficient travel trailers. Over the course of the forecast period, the travel trailer market is anticipated to increase as a result of the introduction of technologically sophisticated features and the expanding eco-friendly travel inclination.

The travel trailer sector is required as a handy and cost-effective form of transportation. The increased popularity of camping, the growth of recreational activities, and the rising need for lightweight, fuel-efficient travel trailers are all factors contributing to the market's expansion. The introduction of technologically sophisticated features in travel trailers and the expanding trend of eco-friendly tourism is also anticipated to fuel the expansion of the travel trailer marketplace even during the anticipated time frame.

The market for conventional travel trailers consists of recreational vehicles built to be pulled by a car. One or two people can normally sleep in one or two of these trailers, which also contain a kitchenette and a restroom. A stove, smart refrigerator, and heat sinks are also frequently included in them. To give shade, awnings and canopies are also common features of travel trailers.

At a CAGR of 5.01% over the forecast period, the global market for conventional travel trailers is anticipated to increase from USD 9.02 billion in 2021 to USD 11.92 billion by 2031.

The increased popularity of camping, the growth of extracurricular facilities, and the rising need for ultralight, fuel-efficient travel trailers are all factors contributing to the market's expansion.

The industry is being constrained in its growth by a few issues. The lack of consumer knowledge about this form of travel and recreation is the market for travel trailers biggest obstacle. In addition, one of the main factors limiting the growth of this market is the high cost of travel trailers and the lack of trained personnel to operate and maintain them. However, because of the growing popularity of camping and other outdoor activities, demand for travel trailers is expected to surge in the future years.

COVID-19 Impact and Market Status

Due to travel bans and lockdowns, the COVID-19 pandemic has significantly impacted the market for conventional travel trailers, which have been produced and sold less frequently. Conversely, more consumers are now choosing leisure pursuits closer to home due to the growing trend of domestic tourism. The market for traditional travel trailers is therefore anticipated to rise in the upcoming years. Moreover, producers are concentrating on creating lightweight, fuel-efficient travel trailers with contemporary design elements to accommodate the rising demand for recreational vehicles. In addition, it is anticipated that technological developments such as electric and hybrid vehicle driveline systems would assist market expansion during the anticipated time frame.

Segment Analysis

The Capacity of 1-6 People Type emerged as the Most Booming Segment

Three categories—one for 1-6 people, one for 7–10 people, and one for 11–14 people—define the travel trailer industry. Given the rising popularity of smaller and more compact travel trailers, the category with a capacity of 1-6 people is expected to experience the fastest CAGR growth of all. Additionally, smaller travel trailers are simple to tow and can fit in tight locations.

The Most Prominent Application Segment is the Household Sector

The travel trailer market is divided into two groups based on the purposes they are used for: commercial and household. Since travel trailers are frequently used by people for recreational activities like camping and road vacations, the household segment is predicted to account for a sizable portion of the market. They are also perfect for family holidays because they provide amenities like cozy sleeping quarters, kitchenettes, and bathrooms.

The Most Prominent End User Segment is the On-Premise

The market is divided into On-Premise and Cloud-based segments based on deployment. During the projection period, the On-Premise category is anticipated to have the greatest market share. The tremendous expansion of this market can be attributable to the increase in managed services demand from businesses. The rising acceptance of technology, notably in the travel trailer industry, is another driver driving the market's expansion.

The North American Region to render Ample Financing Opportunities

The travel trailer market is divided into five regions based on geography: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Due to the existence of many recreational vehicle producers in the area, North America is anticipated to hold the greatest market share in 2020. The growing popularity of outdoor recreational activities among people is also contributing to the expansion of the travel trailer industry in the area.

As a result of the abundance of medium and small manufacturers, the travel trailer market is highly fragmented. To acquire a competitive advantage in the market, the major firms are concentrating on product innovation and increasing their geographic reach. Winnebago Industries, Inc., Heartland RV, Airstream, Inc., Thor Industries, and Forest River, Inc. are a few of the top companies operating in the travel trailer industry.

Recent Developments in the Conventional Travel Trailer Market

•   The Rockwood Geo Pro series of travel trailers were introduced by Forest River Inc., a top American manufacturer of recreational vehicles, in 2020 at the 49th Annual National RV Trade Show in Louisville, Kentucky.

•   The Airstream Atlas is a premium travel trailer with an open living room that was introduced in 2021 by Airstream, Inc., a U.S. manufacturer of touring trailers and motorhomes. This launch aimed to give visitors a comfortable, at-home feeling while they were away.

•   The first 4x4 camper van from Winnebago Industries Inc. was released in 2021 as the Winnebago Revel. As a result, the business was able to tap a new market that had previously only been open to intrepid travelers in specially designed vehicles. The Revel offers a gasoline engine and diesel powertrain with all-wheel drive, giving users unmatched freedom in their preferred recreational vehicle.

•   The Forest River Vengeance Rogue, a toy hauler with a distinctive appearance and luxury, and comfort were unveiled in 2022 by Forest River Inc. The Vengeance Rogue is a terrific option for people who love spending time outside and want to bring their toys along for the road because it has lots of storage space and custom-built entertainment centers.

Conventional Travel Trailer Market Scope

Key Segments of the Global Conventional Travel Trailer Market

By Type Overview (USD Billion)

• Capacity {1-6 People}
• Capacity {1-10 People}
• Capacity {1-14 People}

By Application Overview (USD Billion)

• Household
• Commercial

By Regional Overview (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and Africa