Categories: Industry

Camping And Caravanning Market Expected To Reach $92.2 billion in 2028

Overview and Scope
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.

Sizing and Forecast
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 alternative to traditional vacations, rise in disposable income, rapid technological advances, 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 spend on leisure, government initiatives . Major trends in the forecast period include eco-friendly camping, public private partnerships for campgrounds, camp grounds 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.

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Segmentation & Regional Insights
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

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

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The camping and caravanning market report table of contents includes:

1. Executive Summary

2. Camping And Caravanning Market Characteristics

3. Camping And Caravanning Market Trends And Strategies

4. Camping And Caravanning Market – Macro Economic Scenario

5. Global Camping And Caravanning Market Size and Growth

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32. Global Camping And Caravanning Market Competitive Benchmarking

33. Global Camping And Caravanning Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Camping And Caravanning Market

35. Camping And Caravanning Market Future Outlook and Potential Analysis

36. Appendix