Report Code: A12760 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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A conversion van is a van that is sent to third-party companies to be outfitted with various luxuries for road trips and camping or fittings for commercial purposes. It could be a full-size passenger van in which the rear seating have been rearranged for commercial use such as taxis, school buses, shuttle buses, and limo purposes in place of a family van. Other conversions include bespoke fitting services to be undertaken to make the load area of light commercial vehicles suitable for supply chain or delivery work. This includes various things such as racking systems for the storage of tools and goods, Installation of freezing systems etc. So they can be kept safe and utilize the full storage capability of the vehicle. The conversion of vans nowadays is increasing for personal usage such as touring and leisure purposes.
COVID-19 Impact analysis
The global van conversion market has majorly impacted by the COVID-19 pandemic. Due to strict regulations and lockdowns usage of these vans for commercial purposes was decreased. Also a large proposition of the global population was facing either losses or decrease in income which further led to decrease in expenditure of vehicles or in leisure. Primarily due to lockdown people were not going out for leisure and secondly decrease in income is further stopping them even after open-ups to spend on leisure which is making a very deep dent to the global tourism industry and its components. With such stagnant fall in the market manufacturers are facing losses which is further impacting the supply chain of raw material. However global van conversion market is anticipated to recover its losses with decrease in pandemic footprint globally.
Top Impacting Factors
Market Trends
Adoption in DIY
The COVID-19 lockdown has seen a surge in van sales as DIY enthusiasts buy up the vehicles to convert into camper vans. Concept of staycation and van conversion in becoming common these days because of social media. With staycations set to become the new normal when lockdown comes to an end, people are transforming the vehicles specifically vans into holiday homes on wheels. Keen adventurers have kitted out the vans with beds, kitchens, sofas and solar panels, water tanks so they can take their motor homes on trips around the world. The number of people applying for their vans to be re-designated as living spaces jumped by almost two-thirds in just two years of pandemic. Many people who flip their vans into ideal holiday homes share snaps of their transformations on social media which further led to increase in popularity and craze of such transformation. Additionally, Camper vans being the older concept are facing severe competition as the van conversion market is increasing. DIY Conversion of vans is not only decreasing the cost but also developing the craze of re-constructing their vehicle for fun. DIY of such vans will give harsh competition to the motor home and camper vans companies across the globe.
Key benefits of the report:
Questions answered in the van conversion market research report:
Van Conversion Market Report Highlights
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By Vehicle Type |
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Key Market Players | KISAE, Zenvanz, Vanlife Customs, Glampervan, New Horizons RV, Heartland Road Warrior, Advanture, Gulf Stream Coach, Aluminum Toy Haule, This Moving House |
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