Camping and Caravanning Market Anticipated to Garner $87,653.5 Million in Revenue and Grow at a Healthy CAGR of 7.7% in the 2022-2031
The global camping and caravanning market is predicted to observe progressive growth during the analysis period, due to the rising sales of recreational vehicles worldwide. The North America region is expected to be the most dominant.According to a report published by Research Dive, the global camping and caravanning market is projected to generate a revenue of $87,653.5 million, growing at a CAGR of 7.7% during the estimated timeframe from 2022-2031.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/8626
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
As per our analysts, the increasing sales of recreational vehicles, owing to the increasing sales of recreational vehicles due to rising demand for road trips as a personal and reliable way of travel, is expected to augment the growth of the camping and caravanning market over the analysis period. Moreover, the rising introduction of advanced technologies embedded in leisure vehicles is expected to create massive growth opportunities for the market during the estimated timeframe. However, the stringent tourism guidelines may impede the growth of the market over the forecast period.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฆ๐ฉ๐ข๐ง๐ ๐๐ง๐ ๐๐๐ซ๐๐ฏ๐๐ง๐ง๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The outbreak of the COVID-19 pandemic had caused several uncertainties across various businesses. It had also negatively impacted the camping and caravanning market. The pandemic had lowered the demand for camping and caravanning owing to the lack of investment made by major market players in exploring new camping destinations. Moreover, the nationwide lockdown, unavailability of sufficient accommodation and services, and complexities in the supply chain further declined the growth of the market throughout the crisis.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has divided the global camping and caravanning market into segments based on destination type, type of camper, consumer orientation, age, and region.
By destination type, the privately owned campgrounds sub-segment registered the highest share of the market in 2021 and is expected to rise at a significant growth during the analysis timeframe. This is mainly due to the increasing focus of private travel companies on expanding their destinations' reach and exploring new wildlife and advantageous sites. In addition, the growing supportive government policies to boost the tourism industry in developed and developing nations are expected to foster the growth of the camping and caravanning market's sub-segment over the forecast period.
By type of camper, the RV camping sub-segment accounted for the biggest revenue in 2021. This is mainly because of the user-friendly functionalities of recreational vehicles. Moreover, the increasing focus on smoothening the supply chain of recreational vehicles by automobile manufacturers to boost their sales is expected to propel the growth of the market sub-segment during the analysis timeframe.
By customer orientation, the adult male sub-segment generated the largest share of the market in 2021 and is expected to grow at the highest CAGR during the forecast period. The increasing interest of adult males in outdoor recreational activities is predicted to bolster the growth of the camping and caravanning market sub-segment over the estimated period.
By age, the 18-24 sub-segment held the maximum share of the market in 2021 and is expected to grow at a greater rate during the forecast timeframe. This is mainly due to the increasing interest of this age group in purchasing RV vehicles and exploring new destinations. Furthermore, the increasing inclination of this age group toward camping and caravanning across developed and developing remote regions is predicted to fuel the growth of the market sub-segment during the analysis period.
By region, the North America camping and caravanning market is expected to hold the highest share of the market during the forecast period. This is mainly due to the increasing demand for camping and caravanning in this region due to the rising focus on achieving low-carbon mobility. Moreover, the increasing investments made by tourism authorities to enhance the travel sector and the growing disposable income of consumers in this region are expected to drive the regional growth of the market over the analysis period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/8626
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The major players of the global camping and caravanning market include Sun Communities, Equity Lifestyle Properties, Bourne Leisure, Parkdean Holidays Limited, The Camping and Caravanning Club, Parkdean Holidays Limited, Drayton Manor, Kampgrounds Of America, Inc., La Bella Vista, European Camping Group, Altmark.de., Discovery Parks Private Limited, and many more. These players are mainly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to acquire a leading position in the global industry.
Further, the report also presents other important aspects including SWOT analysis, the product portfolio, the financial performance of the key players, and the latest strategic development.
๐๐จ๐ง๐ญ๐๐๐ญ:
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Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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