The Open Road Economy: RV Rentals Are Booming in 2025
The global recreational vehicle (RV) rental market was valued at USD 820.3 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030. This growth is primarily driven by the increasing consumer interest in RVs for various lifestyle and travel purposes, such as tailgating, pet-friendly travel, and mobile business activities. Additionally, enhanced rental features—including insurance coverage, secure user verification, reliable payment systems, low fuel costs, and 24/7 roadside assistan ce —are significantly contributing to market expansion by offering customers a safer and more convenient rental experience. The COVID-19 pandemic had a notable impact on market dynamics, reshaping consumer travel preferences. During the height of the pandemic, concerns about exposure and crowded environments led many travelers to opt for RVs as a safer and mo...