Research and Markets has announced the addition of the “Motorhomes Market in North America 2015-19” report to their offering.
The report predicts the motorhome market in North America to grow at a CAGR of 16.16 percent over the period 2014-19.
According to a news release, the report presents five key vendors and a detailed analysis of these vendors. The report also includes a discussion of the key vendors operating in this market.
The motorhomes market in North America is driven by several factors, including favorable IRS tax deductions. As per an IRS rule, a motorhome, with basic sleeping, cooking, and toilet facilities, can be used as security for a loan. As long as the motorhome meets the IRS standards, irrespective of how it is used, one can claim the motorhome as a second home. Change in lifestyles and preferences also contributes to the growth of the motorhome market in North America.
According to the report, the motorhomes market in North America shows immense potential to grow in the future because of the emergence of certain trends, such as an increase in ownership affordability. Other than first-hand purchases, motorhomes are available as pre-owned vehicles as well, just like any other pre-owned item.
Further, the report states that the cost incurred for a motorhome purchase is one of the biggest challenges in the motorhome market.
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