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Camping And Caravanning Market Report Detailed CAGR Status, Industry Segments Analysis And Forecasts 2022 To 2031
Camping And Caravanning Market
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The global camping and caravanning market report by the business research company identifies the millennial population to be a major growth driver for 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 global camping and caravanning market grew from $62 billion in 2021 to $67.95 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The camping and caravanning market is expected to grow to $88.26 billion in 2026 at a CAGR of 6.8%.
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North America was the largest region in the camping and caravanning market in 2021. 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.
Major players in the camping and caravanning market are Equity Lifestyle Properties, PARKDEAN RESORTS TOPCO LIMITED, Jellystone Park, Discovery Parks Holdings Pty Limited and Country Club.
The global camping and caravanning market is segmented -
1) By Type: RV (Recreational Vehicle) Parks And Campgrounds, Recreational And Vacation Camps
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The Camping And Caravanning Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Camping And Caravanning Market Characteristics
4. Camping And Caravanning Market Product Analysis
5. Camping And Caravanning Market Supply Chain
....
22. Market Background: Non-Residential Accommodation Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
This report covers the trends and market dynamics of the camping and caravanning market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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