(2020-2030) Camping And Caravanning Market Size, Share, Growth, Trends, Competitive Landscape, Opportunities And Top Key Players Analysis

Camping And Caravanning Market: Covid 19 Implications And Growth - By Type (Rv (Recreational Vehicle) Parks And Campgrounds, Recreational And Vacation Camps), Competitive Landscape, And By Region, Opportunities And Strategies – Global Forecast To 2035 By The Business Research Company

The global camping and caravanning market reached a value of nearly $49.9 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.6% since 2015, and is expected to grow at a CAGR of 7.5% to nearly $66.7 billion by 2023.

The key drivers of the camping and caravanning market include:-
Millennial Campers:
The millennial population is driving the camping and caravanning market. Millennials, known as generation Y, are young adults born between 1980 and 2004. By 2020, millennials are expected to take 320 million international trips, a 47% increase from 217 million in 2013. Millennials are predicted to outnumber baby boomers (1946-1964) by almost 22 million by 2030. A large proportion of this population are showing interest in camping, adventure activities and nature exploration. According to the 2018 North American Camping Report, Millennials and Gen Xers accounted for around three-quarters of all campers, with Millennials accounting for 40%. This trend is expected to continue in 2015 to 2019 and is expected to drive the camping and caravanning market.

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Camping And Caravanning Market Segmentation
The camping and caravanning market is segmented by type.
By Type- The camping and caravanning market can be segmented by type a) RV (Recreational Vehicle) Parks And Campgrounds b) Recreational And Vacation Camps The RV (recreational vehicle) parks and campgrounds market was the largest segment of the camping and caravanning market segmented by type, accounting for $25.44 billion or 51.0% of the total in 2019 and recreational and vacation camps market is expected to be the fastest-growing segment going forward at a CAGR of 9.9%.

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By Geography - The camping and caravanning market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the camping and caravanning market are
• Bourne Leisure Holdings Limited
• Sun Communities
• Equity Lifestyle Properties
• Parkdean Holidays Limited
• Kampgrounds Of America, Inc.

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