Camping And Caravanning Market Definition And Segments
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 area, parking lots, and other destination types. These are used by males, females, and kids.
The camping and caravanning market covered in this report 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
The camping and caravanning market size has grown strongly in recent years. It will grow from $69.3 billion in 2023 to $72.82 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to cheaper alternatives to traditional vacations, a rise in disposable income, rapid technological advances, an aging population, and early retirement.
The camping and caravanning market size is expected to see strong growth in the next few years. It will grow to $92.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to millennial campers, rising participation in outdoor activities, rising spending on leisure, and government initiatives. Major trends in the forecast period include eco-friendly camping, public-private partnerships for campgrounds, campgrounds and RV parks offering Wi-Fi facilities, increased demand for glamping, green camping, collaborations for wider marketing and advertising, innovation in camping equipment design, rise in basic camping, adapting to regional preferences.
The Millennial Influence Is Fueling Growth In The Camping And Caravanning Market
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 and Student Travel Confederation report for 2023, the number of young people is expected to continue growing to over 1.3 billion until 2040. This trend is expected to continue in the forecast period, driving the camping and caravanning market.
The Surge In Outdoor Sports Activities Fuels Market Growth
Increasing numbers of outdoor sports activities are expected to propel the growth of the camping and caravanning market going forward. Outdoor sport refers to the sporting activities or physical exercise that take place outdoors and includes the ancillary facilities required for such activities, such as sports fields, skateboard parks, paths, and outdoor equipment. Camping and caravanning provide a comfortable and convenient base for outdoor sports enthusiasts, allowing them to explore remote areas and enjoy their activities for longer periods. For instance, in June 2023, according to the Outdoor Industry Association, a US-based membership organization, the outdoor participant base increased by 2.3% in 2022 to a record 168.1 million participants, compared to 164.2 million in 2021. Therefore, the increasing number of outdoor sports activities is driving the growth of the camping and caravanning market.
Major companies operating in the camping and caravanning market report are Bourne Leisure Holdings Limited, Sun Communities, Equity Lifestyle Properties, Parkdean Holidays Limited, Kampgrounds Of America, Inc., European Camping Group, Jellystone Park, Discovery Parks Private Limited, Normandy Farms, Siblu, Campervan Camps and Holidays India Limited, Trippy Wheels, Green Dot Expeditions, Camp Stays, Family Park, Top Parks, Japan Campers, BTG Group, Camping Grabe GmbH & Co. KG, Camping Caravaning Cote de Beaute, Camping La Grande Tortue, Camping Cap à la Roche, Ellevacanze, Alaskan Anglers RV Park, Duncans Mills camping club, The Golden Nugget RV Park, Camping Pod Lasem, ReserveAmerica, Palomino RV, Koa, Zion River Resort, Fallen Rock RV Parke & Campground, Camping Flamboyant, Prefab Caravan, Banyan Tree Al Wadi, Glamp-Inn, Easycamp, Koppisol Holiday Resort, Elangeni Holiday Resort, Mbizi Game Lodge & Spa, Green Fountain Caravan Resort, George Country Resort, Keurbooms Lagoon Caravan Park, Queensburgh Caravan Park, Victoria Bay Caravan Park
Impact Of COVID-19 On 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 lockdown. 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 Trend Of Eco-Friendly Camping
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.
Recreational Equipment Inc. And Airstream Inc. Collaborated To Launch A New Line Of Caravans And Recreational Vehicle (RVS)
In July 2022, Recreational Equipment Inc., a US-based outdoor recreation services company, collaborated with Airstream Inc. to launch a line of caravans and RVs called the Basecamp. The new model offers more space, upgraded features, and endless adventure opportunities. The launch of the REI Co-op Special Edition Basecamp 20X is part of the broader strategy of both REI Co-op and Airstream to provide outdoor enthusiasts with high-quality, sustainable, and innovative products that enhance their outdoor experiences. Airstream Inc. is a US-based recreational vehicle manufacturing company that specializes in aluminum trailers and touring coaches.
North America was the largest region in the camping and caravanning market in 2023. 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, Africa
The countries covered in the camping and caravanning market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
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 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.