The average expenditure per household on recreational vehicles and associated services in Canada is observed to increase from CAD 857.31 in 2024 to CAD 915.01 in 2028. From 2024 to 2028, the compound annual growth rate (CAGR) indicates a consistent upward trend. Compared to 2023, the forecast for 2024 shows a continuation of growth trends seen in previous years. The year-on-year increase from 2024 to 2025 is 1.73%, with similar steady growth through 2028. The overall trend suggests a growing interest and investment in recreational vehicle-related expenses among Canadian households.
Future trends to watch for include potential influences from economic factors such as inflation, shifts in consumer preferences towards sustainable travel options, and advancements in recreational vehicle technology that could drive both demand and changes in expenditure patterns.
