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News for October 21, 2021

Recreational Vehicles (RVs) Batteries Market To Garner $0.69 Billion by 2030—Market Research

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According to the report published by Allied Market Research, the global recreational vehicles (RVs) batteries market was estimated at $0.43 billion in 2020 and is expected to hit $0.69 billion by 2030, registering a CAGR of 5.1% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Changing outlook regarding leisure & recreational activities and increase in electrification events drive the growth of the global recreational vehicles (RVs) batteries market. On the other hand, unstable supply of raw materials restrains the growth to some extent. However, strong network of the distributors and dealers across the world is expected to create lucrative opportunities in the industry.

COVID-19 Scenario

  • Several regulatory & policy changes, disrupted working capital management, and distorted supply chain impacted the global recreational vehicles (RVs) batteries market negatively, especially during the initial phase.
  • However, the global situation is getting ameliorated and the market is projected to revive soon.

The global recreational vehicles (RVs) batteries market is analyzed across battery type, voltage range, sales channel, and region.

By voltage range, the 12 volt segment held the largest share in 2020, accounting for more than two-fifths of the global recreational vehicles (RVs) batteries market. The same segment would also showcase the fastest CAGR of 5.8% during the forecast period.

By sales channel, the aftermarket segment is anticipated to cite the fastest CAGR of 5.6% throughout the forecast period. The same segment also held the lion’s share in 2020, contributing to more than half of the market.

By region, the market across North America held the largest share in 2020, accounting for nearly one-third of the market. The same region would also portray the fastest CAGR of 6.4% from 2021 to 2030. The other provinces studied in the report include Europe, Asia-Pacific, and LAMEA.

The key market players analyzed in the global recreational vehicles (RVs) batteries market report include Elite BMX, Fit Bike Co., MafiaBikes, Haro Bikes, Redline Bicycles, Kink, Pacific Cycles, Cult Crew,  Stolen BMX, and GT Bicycles. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

About Allied Market Research  (AMR)

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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