Industry Overview: Electric Vehicles are Changing the Way America Approaches Camping
Dividend Ideas and Opportunities among Industries
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Electric vehicles are changing the way America approaches camping
It seems that you and I have become living witnesses of another step into the future.
Before We Start
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Intro
A future in which some sounds may disappear forever and fundamentally, no one will be upset. We're talking about the sounds of cars starting their engines to leave the campsite and move on.
US Recreational Vehicles Market
The US Camping and RV market size is estimated at US$19.62 billion in 2024 and is expected to reach US$33.82 billion by 2029, growing at a CAGR of 11.5% during the forecast period (2024 -2029). The COVID-19 pandemic has significantly impacted the camping and RV market in the United States.
While many other parts of the travel and tourism industry have been impacted by the pandemic, camping and RVing have exploded in popularity due to their unique benefits in this environment.
One of the main reasons for the increase in camping and RVing was that these activities allowed people to travel and enjoy the outdoors while maintaining social distancing and other precautions.
The rise of social media has also played a significant role in the popularity of motorhomes and vans. Popular influencers and bloggers have shared their experiences and demonstrated the benefits of this lifestyle, inspiring others to follow suit.
The trend for electric vehicles in the field of caravanning and camping tourism is gaining momentum, although it may not be noticeable yet, the market is changing.
According to a survey by Kampgrounds of America, overall electric vehicle ownership in the United States is approximately 1%, while among camping tourists this figure is already 4%.
And while consumers are just beginning their journey with electric vehicles, trailer companies are working to streamline the entire process, from camping to charging.
Experience of use. Main challenges
🟢 Power reserve
One of the main concerns vacationers have when towing an electric vehicle is range. Any vehicle that runs on gasoline, diesel, or electricity will lose significant range between fill-ups when towing a camper. But liquid fuel tanks fill up faster than batteries, and gas stations are easier to find than chargers.
A truck on a single charge now drives and pulls less than traditional gasoline ones, but progress does not stand still, and already some consumers say that they have learned to make do exclusively with electric cars and the nearest campsites, which they go to most often.
🟢 Aerodynamics
The second hidden issue is aerodynamics. Aerodynamic camps greatly facilitate transportation and towing, since the main resistance during movement is the headwind, which significantly depletes energy. Not even the mass of the camp itself, but the wind.
Thor Industries, an American manufacturer of campers and motorhomes that owns many of the major brands in the camping industry in the United States, has been increasing its aerodynamics research efforts in recent years.
They run products through wind tunnels to find ways to make them better. During testing, designers and engineers find and implement solutions that can significantly improve the aerodynamic properties of manufactured models.
The company itself states that it is strategically aimed at growing in the field of electric vehicle solutions, believing that this is a new stage in the development of the industry, which is just around the corner.
Airstream competitor Bowlus, a small ultra-luxury trailer maker known for its shiny, bullet-shaped trailers, is also focusing on aerodynamics. In addition, one of the Bowlus models has enough lithium batteries to charge the electric tractor in an emergency.
🟢 Recharging
The infrastructure for charging electric vehicles at camp sites is not yet developed enough to be called established. As a rule, travelers use the existing sockets for recharging, but with growing demand, it is obvious that during peak hours, when not 4% of the camp, but 44%, for example, will be charged, the current base simply cannot withstand it, because it is not designed for this.
If we talk about parking lots, parking management operators are now actively looking for solutions and equipping them with special charging stations that meet all safety requirements and are able to keep up with demand. But so far this is only 5% of parking lots, and the growth in the next 5-7 years could be multiple.
In the market for recharging while driving, on the road, the leader here is Tesla with a share of 50+%. Second place goes to Electrify America (owned by Volkswagen Group of America). Rivian is also actively trying to develop its own network of electric charging stations in the United States.
Conclusion
To summarize, the camping tourism market in the United States is the largest and most active in the world. Purchasing power is high and with the entry of electric cars into this segment, new opportunities are emerging for both existing players and new companies.
Major US Players in the Camping and RV Travel Industry
Thor Industries
Winnebago Industries
Camping World Holdings
Kampgrounds of America (KOA) (private company)
Thousand Trails (private company)
Interesting Dividend Ideas on the Topic of the Article
1. Thor Industries (THO)
13 Consecutive Years of Dividend Increases. 37 Years Payments without Interruption.
Is an American manufacturer of recreational vehicles. The company sells towable and motorized RVs through its subsidiary brands, including Airstream, Heartland RV, Jayco, Livin Lite RV and others.
MaxDividends Thor Industries Overview
Thor Industries Dividends
Max’s Comments
The company is on my list of favorite stocks. I have a small share of Thor Industries in my capital growth and dividend portfolio. It is a member of the MaxDividends Top Stocks list.
I will watch closely if the price changes by 20-30% below the current one.
2. Winnebago Industries (WGO)
5 Consecutive Years of Dividend Increases. 14 Years Payments without Decrease and Interruption.
Is an American manufacturer of motorhomes in the USA. In 2018, the company expanded into powerboat manufacturing with the acquisition of Chris-Craft Corporation.
MaxDividends Winnebago Industries Overview
Winnebago Industries Dividends
Max’s Comments
The company is on the MaxDividends Top Stocks list, but I don't own Vinebago shares.
The company is currently outside my control, but the business dynamics over the long term in the industry are good. Vinebago is one of the industry leaders. It currently looks overvalued.
The latest reports indicate a slowdown in the pace of development. In August, they raised the dividend payment by 10%. This is a good level.
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That's all for now. Thank you for taking the time to read our ideas report and I wish you great dividends!
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