Introduction: 5 Top RV Manufacturing Companies by Sales
The RV industry has experienced significant growth in recent years, with more people opting for the RV lifestyle. As a result, RV manufacturers have been stepping up their game to meet the demand for high-quality, innovative RVs.
In this article, we will be taking a closer look at the top 5 RV manufacturing companies by sales. These companies have established themselves as leaders in the industry, producing some of the most popular and sought-after RVs on the market today.
Why RVs are becoming popular
RVs offer an affordable and convenient way for people to travel and explore the world around them. With an RV, you have the freedom to go wherever you want, whenever you want, without having to worry about the cost and hassle of booking flights and hotels.
Moreover, RVs provide a unique opportunity for families to bond and create lasting memories. They offer a home away from home, complete with all the comforts and amenities you need to enjoy your travels.
The criteria used to rank the companies
To determine the top 5 RV manufacturing companies by sales, we considered several factors, including sales figures, product quality, innovation, customer reviews, and industry reputation. These companies have consistently demonstrated excellence in these areas, setting themselves apart from the competition.
The top 5 RV manufacturing companies by sales
Without further ado, here are the top 5 RV manufacturing companies by sales:
- Thor Industries
- Forest River, Inc.
- Winnebago Industries
- REV Group, Inc.
- Grand Design RV, LLC
In the following sections, we will provide an in-depth analysis of each of these companies, highlighting their strengths and unique selling points.
1. Thor Industries
Thor Industries is one of the largest RV manufacturing companies in the world, with a market share of 40.3% in North America. The company was founded in 1980 and is headquartered in Elkhart, Indiana. Thor Industries has a diverse portfolio of RV brands, including Airstream, Jayco, Keystone RV, and Heartland RV, among others.
Overview
Thor Industries has a strong reputation for producing high-quality RVs that cater to the needs of different customer segments. The company offers a wide range of RV types, including motorhomes, travel trailers, fifth wheels, and toy haulers. Thor Industries has a robust dealer network, with over 1,500 dealerships across North America.
Sales Figures
Thor Industries reported net sales of $7.9 billion in 2020, making it the largest RV manufacturer by sales. The company has seen steady revenue growth over the years, driven by its strategic acquisitions and product innovations.
Market Share
Thor Industries dominates the North American RV market, with a market share of 40.3%. The company’s strong brand portfolio and extensive dealer network have helped it maintain its leadership position in the industry.
Innovations
Thor Industries has been at the forefront of RV innovation, introducing several groundbreaking features and technologies over the years. The company was the first to introduce a motorhome with a slide-out room in 1989, and it continues to push the boundaries of RV design and technology.
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Thor Industries has a strong brand image, with a focus on quality, innovation, and customer satisfaction. The company’s RVs are known for their durability, comfort, and style, and they cater to a wide range of customer needs and preferences.
2. Forest River
Forest River is a leading RV manufacturer that has been in business since 1996. The company is known for producing high-quality RVs that cater to a wide range of customers, including entry-level and luxury RV enthusiasts. Forest River has a diverse portfolio of RV brands, including Berkshire Hathaway, Coachmen, Dynamax, Forest River, Palomino, Prime Time, and Shasta.
Sales Figures
Forest River is one of the largest RV manufacturers in the world, with annual revenue of over $4 billion. The company sells more than 100,000 RVs annually, making it one of the top RV manufacturers by sales volume.
Market Share
Forest River is a major player in the RV industry and holds a significant market share. The company’s diverse portfolio of RV brands allows it to cater to different market segments and stay competitive in a rapidly changing industry. Forest River’s market share is expected to grow in the coming years as the demand for RVs continues to rise.
Innovations
Forest River is known for its innovative RV designs and features. The company has introduced several new technologies and features in its RVs, including smart home systems, solar power, and advanced safety features. Forest River’s commitment to innovation has helped it stay ahead of the competition and maintain its position as a leading RV manufacturer.
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3. Winnebago Industries
Winnebago Industries is a leading RV manufacturing company with a long-standing reputation for quality and innovation. The company has been in business for over 60 years and has consistently produced some of the most popular RV models on the market.
Sales Figures
Winnebago Industries reported sales of $2.5 billion in fiscal year 2020, a 19% increase from the previous year. The company’s revenue growth was driven by strong demand for its Class A and Class C motorhomes, as well as its travel trailers and fifth wheels.
Market Share
Winnebago Industries is one of the largest RV manufacturers in the world and holds a significant share of the North American market. In 2020, the company had a market share of approximately 11% in the Class A motorhome segment and 22% in the Class C motorhome segment.
Innovations
Winnebago Industries has a long history of innovation and has been responsible for introducing many of the features and amenities that are now standard in modern RVs. The company has recently focused on incorporating smart technology and sustainable materials into its products, including solar panels and lithium-ion batteries.
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Winnebago Industries offers a wide range of RV models, including motorhomes, travel trailers, and fifth wheels. The company’s products are known for their high-quality construction, stylish design, and advanced features.
4. REV Group
The REV Group is a leading manufacturer of specialty vehicles that include recreational vehicles, buses, and fire trucks. The company was founded in 2010 and is headquartered in Milwaukee, Wisconsin. The REV Group has a reputation for producing innovative and high-quality vehicles that meet the needs of a wide range of customers.
Sales Figures
The REV Group reported sales of $2.4 billion in 2020, which is a significant increase from the $2.1 billion reported in 2019. The company’s RV division, which includes brands such as Fleetwood, Holiday Rambler, and American Coach, accounted for approximately 40% of the total revenue.
Market Share
The REV Group is a major player in the RV industry and holds a significant market share. According to data from the RV Industry Association, the company was the third-largest RV manufacturer in the United States in 2020, with a market share of 13.2%.
Innovations
The REV Group has a history of innovation and has introduced several new features and technologies to the RV industry. One of the company’s latest innovations is the “OneControl” system, which allows RV owners to control various functions of their vehicle, such as lighting and climate control, from a smartphone app.
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When searching for images of the REV Group’s RVs, you will find a wide range of models that cater to different types of customers. The Fleetwood brand, for example, offers luxurious Class A motorhomes that are designed for long-term travel, while the Holiday Rambler brand offers more affordable options for families and first-time RVers.
5. Grand Design RV
Grand Design RV is a relatively new company that was founded in 2012 and has quickly become one of the top RV manufacturers in the industry. The company is known for its high-quality products and innovative designs, which have helped it to achieve impressive sales figures and a significant market share.
Sales Figures
Grand Design RV has experienced rapid growth since its inception, with sales figures increasing every year. In 2020, the company reported sales of over $1.3 billion, making it one of the top RV manufacturers in terms of revenue.
Market Share
Despite being a relatively new player in the industry, Grand Design RV has already established a significant market share. The company is currently the fourth-largest RV manufacturer in the United States, with a market share of around 6.5%.
Innovations
Grand Design RV is known for its innovative designs and commitment to quality. The company has developed a range of unique features and technologies that set its products apart from the competition. One of these innovations is the company’s patented drop frame chassis, which allows for more storage space and a lower center of gravity.
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Grand Design RV has a strong image in the industry, and its products are highly regarded by both consumers and industry experts. The company has won numerous awards for its products, including several RV of the Year awards from RV Business magazine.
Overall, Grand Design RV is a top-performing RV manufacturer that has quickly established itself as a major player in the industry. With its innovative designs, high-quality products, and strong brand image, the company is well-positioned for continued success in the years to come.
Conclusion
After analyzing the top RV manufacturing companies by sales, it is clear that the RV industry is a thriving market with a lot of potential for growth. These companies have been able to establish themselves as industry leaders through their commitment to quality, innovation, and customer satisfaction.
Thor Industries Inc. is the clear leader in the RV manufacturing industry with the highest sales figures and a diverse range of brands that cater to different segments of the market. Forest River Inc. is also a major player in the industry with a strong focus on product innovation and customization. Winnebago Industries Inc. has a reputation for producing high-quality motorhomes with a strong focus on customer service.
Grand Design RV LLC and REV Recreation Group Inc. round out the top five RV manufacturing companies with their unique product offerings and commitment to customer satisfaction. These companies have all shown that they are capable of adapting to changing market trends and customer preferences.
Overall, the RV manufacturing industry is poised for continued growth and innovation. As more people embrace the RV lifestyle and seek out new ways to travel and explore, these companies will continue to play a vital role in shaping the future of the industry.