Camping refers to a place having temporary housing options, such as huts, tents, or other buildings, frequently used by troops, refugees, or travelers. Caravanning refers to travelling in a caravan which is a trailer pulled by a road vehicle that offers a more cozy and secure sleeping arrangement than a tent.
The main types of camping and caravanning are RV (recreational vehicle) parks and campgrounds, and recreational and vacation camps. A recreational vehicle park is defined as any parcel or tract of land under the authority of any individual, organization, or governmental agency where two or more camping unit sites are rented or leased to the public or members of an organization, including park-owned recreational vehicles. RV parks are primarily intended to host recreational vehicles. The camping and caravanning are further divided by state or national park campgrounds, privately owned campgrounds, public or privately owned land other than a campground, backcountry, national forest or wilderness areas, parking lots, and other destination types. These are used by male, female, and kids.
The camping and caravanning market research report is one of a series of new reports from The Business Research Company that provides camping and caravanning market statistics, including camping and caravanning industry global market size, regional shares, competitors with a camping and caravanning market share, detailed camping and caravanning market segments, market trends and opportunities, and any further data you may need to thrive in the camping and caravanning industry. This camping and caravanning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global camping and caravanning market grew from $67.38 billion in 2022 to $72.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The camping and caravanning market is expected to grow to $92.13 billion in 2027 at a CAGR of 6.3%.
The Millennial population is driving the camping and caravanning market. Millennials, known as generation Y, are young adults born between 1980 and 2004 . According to the World Youth Student and Educational Travel Convention report, in 2020, millennials took 320 million international trips. In addition, millennials are predicted to outnumber baby boomers by almost 22 million by 2030. A large proportion of this population is showing an interest in camping, adventure activities, and natural exploration . According to Outdoorsy, an RV rental platform, first-time renters accounted for 90% of 2020 bookings, while millennial RV bookings increased by 70% over 2019. This trend is expected to continue in the forecast period, driving the camping and caravanning market.
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the camping and caravanning market in 2020 as governments globally imposed restrictions on domestic and international travel, limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the camping and caravanning market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Growing awareness of sustainable living is encouraging campers to practice environmentally friendly camping. These include using reusable utensils and cutlery, natural mosquito repellents, solar lamps and chargers, refillable water bottles, eco-friendly sleeping bags, tents, and other camping equipment. For instance, the Big Island of Hawaii is a popular eco-friendly farm promoting sustainable living.
Major companies in the camping and caravanning market include Equity Lifestyle Properties, PARKDEAN RESORTS TOPCO LIMITED, Jellystone Park, Discovery Parks Holdings Pty Limited and Country Club.
North America was the largest region in the camping and caravanning market in 2022. Western Europe was the second largest region in the camping and caravanning market. The regions covered in the camping and caravanning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the camping and caravanning market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The camping and caravanning market includes revenues earned by entities by operating sites to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and RVs (recreational vehicles). These establishments may provide access to facilities, such as washrooms, laundry rooms, recreation halls, playgrounds, stores, and snack bars. This camping and caravanning industry comprises establishments primarily engaged in operating overnight recreational camps, such as children's camps, family vacation camps, hunting and fishing camps, and outdoor adventure retreats, that offer trail riding, white water rafting, hiking, and similar activities. These establishments provide accommodation facilities, such as cabins and fixed campsites, and other amenities, such as food services, recreational facilities and equipment, and organized recreational activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The global camping and caravanning market is segmented -
1) By Type: RV (Recreational Vehicle) Parks And Campgrounds, Recreational And Vacation Camps
2) By Destination Type: State or National Park Campgrounds, Privately Owned Campgrounds, Public or Privately Owned Land Other Than a Campground, Backcountry, National Forest or Wilderness Areas, Parking Lots, Other Destination Types
3) By Consumer Orientation: Male, Female, Kids