Recreational Vehicle (RV) companies are focusing on significant improvements and advancements to attract new customers. And as demand for RVs rises, we think prominent players in this space, Polaris (NYSE:PII) and BRP (NASDAQ:DOOO), should benefit. But which of these stocks is a better buy now? Read more to find out.Polaris Inc. (PII) in Medina, Minn., designs, engineers, manufactures and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles; Motorcycles; Global Adjacent Markets; Aftermarket; and Boats. In comparison , BRP Inc . (DOOO) designs, develops, manufactures, and markets Powersports vehicles and marine products worldwide. BRP is based in Valcourt, Canada.
Outdoor activities are gaining traction, thanks to significant progress in the COVID-19 vaccination drive and easing of travel restrictions. Though the rapid spread of the highly contagious Delta variant is a cause for concern, the recreational vehicles (RV) market is expected to grow at a sustainable rate over the long term. In a recent survey, 99% of respondents said they feel safe traveling in an RV. The industry is expected to be valued at $48 billion by 2026, registering a 7% CAGR over the next five years. Both PII and DOOO are expected to benefit from the industry tailwinds.
DOOO has gained 18.9% over the past six months, while PII has returned 10.5% over the period. However, PII’s 41.7% gains year-to-date compare with DOOO’s 35.7% returns. In terms of their past-year performance, DOOO is the clear winner with 90.7% gains versus PII’s 26%.