REV Group Inc (REV) designs, manufactures and distributes specialty vehicles and related parts and services. It also provides customized vehicle solutions to essential needs of industrial, commercial, and consumer leisure vehicles. The company serves municipalities, private contractors, government agencies, consumers, and industrial and commercial end users.

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REV focuses on engineering, research, and development (R&D) to maintain competitiveness in its markets. The company engages in new product development, enhancement, and testing to improve existing products and develop new vehicles and components. In the Recreational Vehicles segment, design, floorplan layout, functionality, and amenities are frequently updated to address changes in consumer preferences and enhance existing product offerings. In the Specialty Vehicles segment, engineering and development activities include designing and producing customized equipment to meet specific customer needs and applications. The company is also accelerating the adoption of alternative energy by creating cost-effective, innovative solutions, such as developing an electric fire apparatus and an electric and hydrogen fuel cell terminal truck. In FY2024, the company spent R&D expenditure of US$3.3 million, which stood at 0.2% of company’s total revenue.