Seven months after the acquisition by Thor Industries, Inc. (NYSE: THO), Bob Martin, CEO Thor Industries and Martin Brandt, CEO Erwin Hymer Group present their vision of a shared future at the 2019 Caravan Salon in Düsseldorf for the first time.
With the author’s consent Alan Heath – publisher Motorhome Full Time.
The world’s largest manufacturing group for recreational vehicles defines three issues that are guiding its strategic orientation: social responsibility (arising from its leading position in the market), digitalization (the most important future technology), and the aspiration to inspire customers around the globe with innovative products and services.
“We were surprised by how similar we are,” says Bob Martin, President and CEO of Thor Industries, reflecting on the first seven months. Martin Brandt, CEO of the Erwin Hymer Group, adds: “What unites us is our common vision. We want to enable people worldwide to enjoy unique leisure and mobility experiences. Go everywhere. Stay anywhere.” Use market strength to create win-win situations
With a market share of around 46.4 percent for travel trailers and fifth wheels combined and approximately 35.5 percent for motorhomes1 in North America (Thor Industries) and 21.5 percent for travel trailers and 22.5 percent for motorhomes in Europe2 (Erwin Hymer Group), the company is worldwide the clear number one – and the only manufacturing group with a comprehensive brand portfolio on both sides of the Atlantic.
The two CEOs are convinced that this strong position also comes with a special responsibility – to the industry as well as to suppliers and employees. The company puts great emphasis on ensuring that economies of scale deliver maximum benefit for all. In terms of social responsibility, future corporate decisions will also be more strongly influenced by environmental aspects.
Martin Brandt: “As an industry, we benefit from the integrity of the natural world. However, this is not the only reason why we have to do more to protect nature in future. At the 2019 Caravan Salon, we are showcasing new approaches such as the Globevan e.Hybrid from Dethleffs, the first production-ready plug-in hybrid motorhome, as well as the Vision Venture concept study by our core brand Hymer. This was developed in close cooperation with BASF and breaks new ground with natural materials and energy-efficient technologies. In so doing, we are also responding to a trend that is seeing more and more customers striving for a sustainable caravanning lifestyle – and wanting to distance themselves from mass tourism.”
Although Thor and the Erwin Hymer Group share similar values, the North American and European markets differ in many ways. Increased knowledge transfer is expected to create synergies – enabling North American customers to benefit from the Erwin Hymer Group’s know-how in camper vans and urban vehicles. To tap the growing potential in this market, the Erwin Hymer Group launched the CROSSCAMP brand in April 2019. Developed jointly with partner Toyota, CROSSCAMP addresses those mostly urban customers looking for a vehicle that serves as both a compact motorhome for weekend trips and a multifunctional everyday driver.
Martin Brandt: “Social marketing is becoming a core element in the dialogue with our customers. It is particularly important for us to take our sales partners with us and help them master the digital revolution that is changing our business with processes and services that create added value.” Above all, the first seven months have given both CEOs a clear view of the opportunities and potential for the first truly global player in the caravanning industry.