DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Recreational Vehicle Battery Market 2017-2021" report to their offering.
The global recreational vehicle battery market to grow at a CAGR of 12.95% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global recreational vehicle battery market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
A recreational vehicle battery is a deep-cycle battery that deeply discharges using most of its power capacity and provides a steady amount of current over longer durations. Recreational vehicles include automobiles or trailers designed or modified for recreational activities, such as vacations and camping, on and off highways.
According to the report, one driver in market is growth in global tourism. The tourism industry is booming and is expected to grow further during the forecast period. Today, traveling is gaining huge popularity among the younger generation. Not only are they spending more on traveling itself but also on new modes of travel such as cars and bikes.
The tourism industry in many countries such as the US, the UK, India, Australia, Germany, and New Zealand is experiencing huge growth as the number of international tourists grows. People who come to holiday in these countries prefer recreational vehicles as a mode of transportation. APAC has recorded the highest growth in international tourism during January-April 2016. International tourism in Southeast Asia increased by approximately 10% while East Asia and South Asia showed an increase of around 8% and 7%, respectively. On the other hand, tourism in the Americas and Europe increased by more than 6% and 4%, respectively.
- East Penn Manufacturing
- Exide Technologies
- Johnson Controls
- Trojan Battery
Other prominent vendors
- Crown Battery
- Fullriver Battery USA
- Interstate Batteries
- MIDAC Batteries
- MPower (a subsidiary of TAG)
- Navitas Systems
For more information about this report visit https://www.researchandmarkets.com/research/df7pp9/global