2012-2022 China's Cavaraning Industry Growth Forecast

Nowadays in China, Recreational Vehicles are still new to the general public. Considering China as a whole, the development of the caravaning industry is still in its primary stage. There has been no large-scale manufacturer producing Recreational Vehicles regularly. But the market potential is huge. Over the past few years, the total output value of Caravan Vehicles in China has been increasing constantly. Cars have been popularized in China, and more importantly, China has become the second largest automobile market in the world. According to industry research, the year of 2017 will mark a significant breakthrough to the Caravan Vehicle industry in China, and from then on, the annual growth rate will exceed 50%, even 100% to 200%. By the end of 2022, the number of Caravan Vehicles in China will reach 794,760. Assuming that each Caravan Vehicle is worth RMB 200,000, the total market share will be RMB 158.9 billion.

(*Data Source: Automobile Accessories and Car Modification Techniques Center of China Equipment Management Association, National Development and Reform Commission)