레저용 차량(RV) 배터리 시장 예측(-2030년) : 유형별, RV 유형별, 배터리 유형별, 전압 범위별, 배터리 기능별, 판매 채널별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Recreational Vehicles (RVs) Batteries Market is accounted for $0.57 billion in 2024 and is expected to reach $0.85 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Batteries for recreational vehicles (RVs) are vital parts that run a variety of onboard systems, giving passengers a smooth and comfortable ride. When the RV is not connected to an external power source, these batteries are meant to provide energy for appliances, lights, and other electronic devices. Moreover, RV batteries come in various varieties, from lithium-ion batteries, which have quicker charging times, longer lifespans, and less weight, to deep-cycle lead-acid batteries, which are renowned for their dependability and affordability.

According to the Recreational Vehicle Industry Association (RVIA), the increasing demand for off-grid and sustainable travel solutions has significantly driven advancements in RV battery technology, with a growing emphasis on lithium-ion batteries due to their superior performance and longevity compared to traditional options.

Market Dynamics:

Driver:

Growing interest in off-grid travel

The RV industry has been greatly impacted by the appeal of off-grid travel as more tourists look to explore remote locations without the need for campground hookups. The need for large-capacity batteries that can power energy-hungry devices like air conditioners, refrigerators, and entertainment systems for extended periods of time has increased as a result of this trend. Furthermore, the increasing popularity of boon docking-roughly speaking, camping without utilities-highlights the need for durable, dependable battery solutions that can accommodate prolonged stays in isolated areas.

Restraint:

High starting prices

The high initial cost of advanced battery technologies, especially lithium-ion batteries, is one of the main barriers to the RV battery market. These batteries have many advantages over conventional lead-acid batteries, including a longer lifespan, lighter weight, and faster charging. However, the initial cost of these batteries can be much higher. First-time RV buyers and those on a tight budget may find this cost barrier especially difficult, leading them to choose less efficient but less expensive battery options. The price of integrating additional required parts, like complex inverters and Battery Management Systems (BMS), also drives up the total cost.

Opportunity:

Increase in sustainable and eco-friendly transportation

Demand for sustainable and environmentally friendly travel options is rising everywhere, including among RVers, as environmental consciousness rises. The market for RV batteries will benefit greatly from this change, especially in terms of encouraging the use of renewable energy sources like solar-powered battery systems. Additionally, you can attract the growing number of eco-aware customers by providing batteries that are produced using sustainable materials or that have less of an impact on the environment both during production and disposal.

Threat:

Strong market rivalry

The market for RV batteries is getting more and more competitive, with a wide range of players-from well-known battery producers to fresh competitors offering cutting-edge products. Price wars resulting from this fierce rivalry can strain profit margins and make it difficult for businesses to set themselves apart from the competition. Moreover, bigger businesses with more resources might control the market, making it harder for smaller or more recent competitors to establish a presence. Rapid cycles for product development are also encouraged by the competitive environment, where businesses must constantly innovate to stay ahead.

Covid-19 Impact:

The market for RV batteries was affected by the COVID-19 pandemic in a variety of ways. On the one hand, the initial lockdowns and economic unpredictability caused a brief drop in RV sales and production, upsetting supply chains and postponing the development of new batteries. But, as the pandemic spread, there was a notable spike in demand for RVs due to the desire for safer, more socially isolated travel options. Furthermore, this change in consumer behavior, together with the increasing popularity of remote work and off-grid living, eventually sped up the market's recovery and encouraged the development of battery technologies designed for off-grid living and long-distance travel.

The FLA batteries segment is expected to be the largest during the forecast period

Within the recreational vehicle (RV) batteries market, the Flooded Lead Acid (FLA) Batteries segment holds the largest share. Popular among RV owners, these batteries are preferred for their durability, affordability, and dependability. Given the various power requirements of RVs, FLA batteries are renowned for their robustness and capacity to withstand deep discharge cycles. Moreover, their stronghold in the industry is a result of their proven technology and cheaper initial cost when compared to other kinds, like VRLA (Valve-Regulated Lead Acid) batteries.

The 12 Volt segment is expected to have the highest CAGR during the forecast period

In the market for batteries for recreational vehicles (RVs), the 12 volt segment is growing at the highest CAGR. The reason for this growth is the increasing use of 12-volt systems in RVs because of their adaptability and compatibility with a variety of electrical appliances and parts that are frequently found in recreational vehicles. Because they can effectively power necessary RV systems like lighting, water pumps, and entertainment units, 12-volt batteries are preferred. Additionally, their growing popularity can be attributed to their cost-performance ratio and compatibility with different RV power management systems.

Region with largest share:

The market for batteries for recreational vehicles (RVs) is dominated by North America. The region's well-established RV culture, high rate of RV ownership, and strong infrastructure supporting recreational travel are the main causes of its dominance. Due to their large RV enthusiast populations and widespread use of RVs for both travel and leisure, the United States and Canada have a strong market presence. Furthermore, the North American market gains from large investments in the production of RVs and advancements in battery technology, along with a strong need for cutting-edge battery solutions to sustain the vast RV sector.

Region with highest CAGR:

With the highest CAGR, the market for batteries for recreational vehicles (RVs) is likewise expanding significantly in the Europe region. This expansion is fueled by the growing acceptance of RV travel and camping in several European nations, including France, Germany, and the United Kingdom. RVs and related battery systems are becoming more and more popular in Europe as travelers look for more flexible and exciting travel options. Moreover, the area is pushing the use of cutting-edge battery technologies, such as lithium-ion batteries, due to its emphasis on sustainability and environmentally friendly solutions.

Key players in the market

Some of the key players in Recreational Vehicles (RVs) Batteries market include EnerSys, Johnson Controls, Fullriver Battery USA, Exide Technologies, Lifeline Batteries, Crown Battery Manufacturing Company, Winnebago Industries, Inc, Forest River Inc, Interstate Battery System International, Inc., Trojan Battery Company, East Penn Manufacturing Company, MIDAC S.p.A., RELiON Battery LLC, Triple E Recreational Vehicles and Navitas Systems.

Key Developments:

In June 2024, Johnson Controls has reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles. With over 4,500 employees operating across more than 25 locations globally, Air Distribution Technologies designs and manufactures a suite of products supporting the HVAC ecosystem.

In May 2024, Stored energy technologies provider EnerSys has entered into a definitive agreement to acquire for $208 million Bren-Tronics, a manufacturer of portable power products for defense customers. EnerSys said Thursday it expects to close the all-cash transaction by the second quarter of 2024.

In January 2024, Forest River Bus, LLC., a subsidiary of Forest River, Inc. and the nation's leading shuttle bus and van manufacturer, proudly announces the acquisition of Collins Bus, one of America's oldest and most successful school bus builders.

Types Covered:

• FLA batteries
• VRLA batteries
• Other Types

RV Types Covered:

• Travel Trailer
• Fifth Wheel
• Class A
• Class B
• Class C
• Other RV Types

Battery Types Covered:

• Lead Acid Batteries
• Flooded Batteries
• AGM Batteries
• Gel-Type Batteries
• Lithium Batteries
• Fuel Cell
• Other Battery Types

Voltage Ranges Covered:

• 6 Volt
• 8 Volt
• 12 Volt
• 24 and 36 Volt
• 48 Volt
• Other Voltage Ranges

Battery Functions Covered:

• Starting Batteries
• Deep Cycle Batteries
• Dual Purpose Batteries

Sales Channels Covered:

• Original Equipment Manufacturers (OEMs)
• Aftermarket/ Replacement

End Users Covered:

• Individual Consumers
• Commercial Fleets
• Manufacturers
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Recreational Vehicles (RVs) Batteries Market, By Type

• 5.1 Introduction
• 5.2 FLA batteries
• 5.3 VRLA batteries
• 5.4 Other Types

6 Global Recreational Vehicles (RVs) Batteries Market, By RV Type

• 6.1 Introduction
• 6.2 Travel Trailer
• 6.3 Fifth Wheel
• 6.4 Class A
• 6.5 Class B
• 6.6 Class C
• 6.7 Other RV Types

7 Global Recreational Vehicles (RVs) Batteries Market, By Battery Type

• 7.1 Introduction
• 7.2 Lead Acid Batteries
• 7.3 Flooded Batteries
• 7.4 AGM Batteries
• 7.5 Gel-Type Batteries
• 7.6 Lithium Batteries
• 7.7 Fuel Cell
• 7.8 Other Battery Types

8 Global Recreational Vehicles (RVs) Batteries Market, By Voltage Range

• 8.1 Introduction
• 8.2 6 Volt
• 8.3 8 Volt
• 8.4 12 Volt
• 8.5 24 and 36 Volt
• 8.6 48 Volt
• 8.7 Other Voltage Ranges

9 Global Recreational Vehicles (RVs) Batteries Market, By Battery Function

• 9.1 Introduction
• 9.2 Starting Batteries
• 9.3 Deep Cycle Batteries
• 9.4 Dual Purpose Batteries

10 Global Recreational Vehicles (RVs) Batteries Market, By Sales Channel

• 10.1 Introduction
• 10.2 Original Equipment Manufacturers (OEMs)
• 10.3 Aftermarket/ Replacement

11 Global Recreational Vehicles (RVs) Batteries Market, By End User

• 11.1 Introduction
• 11.2 Individual Consumers
• 11.3 Commercial Fleets
• 11.4 Manufacturers
• 11.5 Other End Users

12 Global Recreational Vehicles (RVs) Batteries Market, By Geography

• 12.1 Introduction
• 12.2 North America
  • 12.2.1 US
  • 12.2.2 Canada
  • 12.2.3 Mexico
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 Italy
  • 12.3.4 France
  • 12.3.5 Spain
  • 12.3.6 Rest of Europe
• 12.4 Asia Pacific
  • 12.4.1 Japan
  • 12.4.2 China
  • 12.4.3 India
  • 12.4.4 Australia
  • 12.4.5 New Zealand
  • 12.4.6 South Korea
  • 12.4.7 Rest of Asia Pacific
• 12.5 South America
  • 12.5.1 Argentina
  • 12.5.2 Brazil
  • 12.5.3 Chile
  • 12.5.4 Rest of South America
• 12.6 Middle East & Africa
  • 12.6.1 Saudi Arabia
  • 12.6.2 UAE
  • 12.6.3 Qatar
  • 12.6.4 South Africa
  • 12.6.5 Rest of Middle East & Africa

13 Key Developments

• 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 13.2 Acquisitions & Mergers
• 13.3 New Product Launch
• 13.4 Expansions
• 13.5 Other Key Strategies

14 Company Profiling

• 14.1 EnerSys
• 14.2 Johnson Controls
• 14.3 Fullriver Battery USA
• 14.4 Exide Technologies
• 14.5 Lifeline Batteries
• 14.6 Crown Battery Manufacturing Company
• 14.7 Winnebago Industries, Inc
• 14.8 Forest River Inc
• 14.9 Interstate Battery System International, Inc.
• 14.10 Trojan Battery Company
• 14.11 East Penn Manufacturing Company
• 14.12 MIDAC S.p.A.
• 14.13 RELiON Battery LLC
• 14.14 Triple E Recreational Vehicles
• 14.15 Navitas Systems