In 2019, the recreational vehicle (RV) business had a $114 billion annual economic impact. According to CBRE, the COVID-19 lockdowns and other social distancing measures wreaked havoc on the campground industry. Manufacturers and providers of recreational vehicles were also heavily hit. According to CBRE, the campground industry weakened in late winter and early spring of 2020 but returned well in summer. In July 2020, RV shipments increased by 54%, marking the greatest July shipment numbers in four decades. In 2021, the campground sector expects 507,200 units. As the number of coronavirus cases rises, the RV and camping industries are expected to flourish. Winnebago Industries, Inc. announced the purchase of land in St. Albans City, Vermont, for TC’s RV showroom. Land purchases have also been disclosed by Harley-Davidson, Inc., and Camping World Holdings Inc.
Here is Insider Monkey’s list of the 10 best RV and camping stocks to buy now. Patrick Industries, Inc. is ranked tenth. Over the last year, the stock has returned more than 16.68 percent to investors. Patrick Industries reported earnings for the first quarter of 2021 that were $0.73 higher than expected. Fox Factory Holding Corp. is ranked ninth. BRP Inc. is ranked eighth. According to the firm, the stock has returned over 92.43 percent to investors in the last year. Malibu Boats, Inc. is ranked seventh. Over the last year, the stock has returned more than 47.95 percent to investors. It’s a powerboat-making recreational vehicle firm situated in Loudon, Tennessee. OneWater Marine Inc. is ranked sixth. Over the last year, the stock has returned more than 105.41 percent to investors. OneWater Marine reported earnings for the first quarter of 2021 on April 29. For more details, click 10 Best RV and Camping Stocks to Buy Now.
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