What is the future of Recreational Vehicle (RV) Composite Panels Market? Know Covid Impact on Size, Share & Forecasts

What is the future of Recreational Vehicle (RV) Composite Panels Market? Know Covid Impact on Size, Share & Forecasts

July 31, 2020

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Recreational Vehicle (RV) Composite Panels Market.

It was estimated prior to this unanticipated outbreak that the Recreational Vehicle (RV) Composite Panels Market will reach an estimated value of US$ 554.9 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

For a more detailed breakdown of the COVID-19 impact on this Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/468/recreational-vehicle-composite-panels-market.html

Recreational Vehicle (RV) Composite Panels Market Share Analysis

Insights by Product Type

The market is segmented based on the product type as Towable RV and Motorized RV. Towable RV is expected to remain the most dominant segment of the market during the forecast period, driven by North America. Towable RVs are more common in North America as compared to Europe; the latter region has the dominance of motorized vehicles. Towable vehicle shipments accounted for more than 85% of the total RV shipments in North America in 2018.

Insights by Type of Applications

Based on the application type, the market in recreational vehicles is segmented as Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel. Sidewall panel is expected to remain the most dominant application in the market over the next five years, whereas floor panel is likely to be the fastest-growing application during the same period. There are different materials and designs of panels for different applications in RVs.

Insights by Resin Type

The market is also segmented based on the resin type as Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels. Polyester composite panel is expected to remain the largest segment during the forecast period. Polyester resin has the lowest cost and offers good properties including impressive linear thermal expansion and relatively low shrinkages, which make it best fit for producing recreational vehicle composite panels. Epoxy resin is a preferred choice for some floor and roof panel applications.

Insights by Core Material Type

The market is segmented based on the core material type as polystyrene (PS) foam, polyurethane (PU) foam, and other core materials. PS Foam is expected to remain the major core material type during the forecast period. Excellent mechanical properties, excellent insulation property, good moisture resistance, and low weight are some of the key factors that have led to the high adoption of PS foam in the market.

Regional Insights

In terms of regions, North America is expected to remain the largest market for recreational vehicle composite panels during the forecast period. The USA is the growth engine of the North American market. Europe is also likely to offer sizeable growth opportunities during the forecast period. Germany is likely to remain the largest and fastest-growing market in the European region during the same period.

Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/468/recreational-vehicle-composite-panels-market.html

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

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Author : Emily

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