Canadian RV Industry
The economic activity generated by the RV industry is considerable and multi‐faceted including everything from the manufacturing, sales and service of RVs to expenditures to use, store, maintain and travel in RVs. In total, the RV sector generated an estimated 67,200 jobs and delivered $4.8 billion in added value to the Canadian economy from an initial expenditure of $6.2 billion in 2019.
While manufactures and dealers contribute significantly to the total, a majority of the contribution occurs after the initial RV purchase. More specifically, expenditures associated with RV ownership and use account for 78% of the total value added to the Canadian economy. The study revealed that approximately 2.1 million (or 14% of) Canadian households own an RV. Post-purchase spending by this group of owners contributes to the economy through two expenditure categories: non-travel and tourism-related expenditures.
The results of this study demonstrate that the RV industry is a significant contributor to the Canadian economy.
Notably, the winter of 2020 saw Canada, and the world, face an unprecedented economic shock caused by the COVID 19 pandemic. At the time of writing, much of Canada was just beginning to ease social distancing measures following over two months of self-imposed quarantine. With a high level of uncertainty over the coming months, businesses just beginning to re-open and the Canada-US border still closed, there will undoubtedly be significant impacts on the RV sector. The 2020 update offers a timely baseline against which to measure the impact of the pandemic on the RV industry.