The Freedonia Group recently released a study showing that demand for travel trailers is expected to rise 5.2 percent per year through 2022 to $12.6 billion, with volume reaching 475,000 units on 3.9 percent annual growth.
Shipments of travel trailers are expected to grow 5.2 percent per year through 2022, reaching $13.6 billion.
Although the trade surplus seen in travel trailers is expected to continue, exports have decreased from 2012 levels. As demand for these units has increased in recent years, more domestic production is being captured.
In 2017, exports accounted for less than 8 percent of shipments, down from nearly 20 percent in 2012, according to Freedonia.
Going forward, the research firm reported, exports are expected to grow, and the trade surplus will widen.
The study can be found here.
U.S. demand for RVs is forecasted to rise 4.9 percent per year to $20.1 billion in 2022.