Caravan Park Market Emerging Trend, Top Companies, Industry Demand, Business Review and Regional Analysis by 2028

The global caravan park market is anticipated to grow at a significant CAGR during the forecast period (2022-2028).

A caravan park is a location where persons with recreational vehicles can park their cars overnight or for extended periods of time in designated places called "sites" or "campsites." Increasing human need for a personalized and accommodable living environment is driving the adoption of caravans around the globe. Growth will be fueled by expanding millennial demand for camping, engagement in outdoor activities, favorable government efforts, and increased leisure spending with the rising per capita income. Furthermore, growth in manufacturer customization possibilities across numerous sections such as chassis or frame material could give the lucrative potential for industry participants to innovate their offerings.

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The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

• In February 2022, the Caravan Tourism project of the Tourism Department of India created Kerala's first caravan park in Vagamon. Adrak Hotels and Resorts constructed the Karavan Meadows park, which is managed by Citrine Hospitality Ventures. In total, 353 camp parks have been established in the state, with a total of 120 caravan parks.

• In November 2021, Sun Communities, Inc. stated that it had reached a binding deal to purchase Park Holidays UK ("Park Holidays") for $1.3 billion. Under Sun's ownership, Park Holidays' experienced operating staff, led by CEO Jeff Sills, will continue to handle day-to-day operations.

• In January 2021, Blackstone Capital Partners ("BCP") and Blackstone Real Estate Partners ("BREP") have agreed to buy Bourne Leisure ("the Provider"), one of the leading UK holiday companies. The founding families of Harris, Cook, and Allen are co-investing with BCP and BREP and will own a major minority position in the company.

• In March 2019, at RVX: the RV experience in Salt Lake City, Kampgrounds of America (KOA), the world's biggest system of open-to-the-public campgrounds, debuts the "Campground of the Future." The Campground of the Future concept consists of a sequence of interactive animated graphics that transport visitors to a campground will experience in 2030. This includes improved technology, environmentally friendly sites & facilities, and natural-themed campgrounds.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Bourne Leisure Holdings Ltd., Sun Communities, Equity Lifestyle Properties Pvt. Ltd., Parkdean Holidays Ltd., and Kampgrounds Of America, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Caravan Park Market Report by Segment

By Type
• Docking Type
• Comprehensive Type

By Application
• Short-Term Tourism
• Long Stay

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This release was published on openPR.