According to a new market report published by Lucintel, the future of the global recreational vehicle battery market looks promising with opportunities in the lead acid battery, flooded lead acid battery, lithium battery, AGM battery, gel-type battery, and fuel cell segments. The global recreational vehicle battery market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are growth in global tourism, increase in the demand for recreational vehicles, and increase in the spending capacity of people.
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In this market, travel trailer, fifth wheel, class A, class B, and class C are the materials used in the manufacturing of recreational vehicle batteries. On the basis of comprehensive research, Lucintel forecasts that travel trailer will remain the largest segment, and it is also expected to witness the highest growth over the forecast period, as camping and trekking activities are increasing globally because people are spending more on outdoor travels, resulting in the increased demand for traveling vehicles for tourists.
Within the global recreational vehicle battery market, the flooded lead acid battery segment is expected to witness the highest growth over the forecast period due to growing technological innovation, low cost of FLA (flooded lead acid batteries), and vendors are focusing on overcoming technical drawbacks related to FLA batteries, such as shorter lifecycles, slow charging, and maintenance.
North America is expected to remain the largest market and witness the highest growth over the forecast period due to high disposable income of the population, rise in awareness of the benefits of electric vehicles, and introduction of latest features, such as cruise control.
Emerging trends, which have a direct impact on the dynamics of the industry, include environmental and fuel efficiency benefits, implementation of fast charging technologies, and rising number of vehicle electrification. Crown Battery, Discover Battery, East Penn Manufacturing, Exide Technologies, Harris Battery, Johnson Controls, Trojan Battery, Forest River Inc, Harris Battery, and Navitas Systems are among the major suppliers of the recreational vehicle battery market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global recreational vehicle battery market by RV type, battery type, battery function, sales channel, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Recreational Vehicle Battery Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global recreational vehicle battery market by RV type, battery type, battery function, sales channel, and region, as follows:
By RV Type [Value ($ Million) from 2015 to 2026]:
Travel Trailer
Fifth Wheel
Class A
Class B
Class C
By Battery Type [Value ($ Million) from 2015 to 2026]:
Lead Acid Batteries
Flooded Lead Acid Batteries
Lithium Batteries
AGM Batteries
Gel-Type Batteries
Fuel Cell
By Battery Function [Value ($ Million) from 2015 to 2026]:
Starting Batteries
Deep Cycle Batteries
Dual Purpose Batteries
By Sales Channel [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.