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Researched by Industrial Info Resources (Sugar Land, Texas)--Increased ownership affordability and higher luxury is helping to fuel the demand for more luxury-class recreational vehicles (RVs). Due to the rising cost of houses and property tax, many people are considering RVs as substitute homes. Industrial Info is tracking $27.8 million in U.S. RV-related manufacturing plant projects.
Grand Design Recreational Vehicle Company (Middlebury, Indiana) is expanding its 400,000 square-foot, 48.8-acre plant. The towable fifth wheel, toy-hauler and travel trailer manufacturer is building a 65,000 square-foot building next to its existing campus and adding two recreational vehicle assembly lines, a lamination operation, two cabinet and mill assembly lines, two touch-up areas, a new sewage system and road enhancements at a cost of $6.9 million. The project kicked off in September 2015 and is expected to be complete in May of this year.
Another RV manufacturing expansion is the $5.7 million project in Shipshewana, Indiana, which is owned by Highland Ridge RV. The project includes construction of a 92,000 square-foot building and installation of assembly production lines. The expansion is scheduled to kick off in April of this year, with completion expected in September.
Demand for RVs was valued at $16 billion in 2014 and is expected to reach $20.24 billion in 2020, growing at a compound annual growth rate (CAGR) of 4.1% between 2015 and 2020, reported Market Research Store (Deerfield Beach, Florida).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Grand Design Recreational Vehicle Company (Middlebury, Indiana) is expanding its 400,000 square-foot, 48.8-acre plant. The towable fifth wheel, toy-hauler and travel trailer manufacturer is building a 65,000 square-foot building next to its existing campus and adding two recreational vehicle assembly lines, a lamination operation, two cabinet and mill assembly lines, two touch-up areas, a new sewage system and road enhancements at a cost of $6.9 million. The project kicked off in September 2015 and is expected to be complete in May of this year.
Another RV manufacturing expansion is the $5.7 million project in Shipshewana, Indiana, which is owned by Highland Ridge RV. The project includes construction of a 92,000 square-foot building and installation of assembly production lines. The expansion is scheduled to kick off in April of this year, with completion expected in September.
Demand for RVs was valued at $16 billion in 2014 and is expected to reach $20.24 billion in 2020, growing at a compound annual growth rate (CAGR) of 4.1% between 2015 and 2020, reported Market Research Store (Deerfield Beach, Florida).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
