Rising Sales of Recreational Vehicles Expected to Bolster the Growth of the Global Camping and Caravanning Market by 2031

Camping and caravanning are two interesting activities that involve spending time outdoors in the lap of nature. However, there are some key differences between the two. Camping means setting up a temporary shelter, such as a tent, and spending nights outdoors. It can be done in a wide variety of locations, from designated campgrounds to remote wilderness areas. It is a great way that helps individuals to disconnect from the stress of daily life and immerse themselves in nature. While on the other hand, caravanning involves traveling in a caravan, which is essentially a mobile home. A caravan be it a trailer or a motorhome and is equipped with all the amenities of a traditional home such as a kitchen, bathroom, and sleeping quarters. It allows individuals to travel with all the comforts of home, while still enjoying the great outdoors.

Forecast Analysis of the Global Camping and Caravanning Market 

According to the report published by Research Dive, the global camping and caravanning market is anticipated to generate a revenue of $87,653.5 million and grow at a CAGR of 7.7% during the forecast timeframe from 2022 to 2031.

The rising sales of recreational vehicles owing to the increasing demand for road trips as a gateway from quarantine among individuals across the globe are expected to amplify the growth of the camping and caravanning market over the estimated period. Besides, the increasing preference of customers to commend health and environmental concerns with traditional travel is predicted to fortify the growth of the market during the analysis period. Moreover, the adoption of sophisticated technologies embedded in leisure vehicles is predicted to create immense growth opportunities for the market over the forecast period. Furthermore, the incorporation of many new features in leisure vehicles such as piping and cabling, to deliver a unique product is expected to boost the market growth in the coming period. However, the strict tourism guidelines and certain norms imposed on waste management may restrict the market growth throughout the analysis period.

The major players of the camping and caravanning market include Altmark.de., Discovery Parks Private Limited, La Bella Vista, European Camping Group, Drayton Manor, Kampgrounds Of America, Inc., The Camping and Caravanning Club, Parkdean Holidays Limited, Bourne Leisure, Equity Lifestyle Properties, Sun Communities, and many more.

Key Market Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global camping and caravanning market to grow exponentially. For instance:

• In January 2022, Everything Caravan and Camping, a leading Australian online-based community group launched an online marketplace of products for caravan and camping enthusiasts. This marketplace has 2000 products from 15 vendors and aimed to bring more products in the coming years. The launch of this marketplace increased the number of caravans to more than 800,000 across the country.

• In July 2022, European Camping Group, the European leader in mobile home holidays announced its acquisition of Vacanceselect, a renowned leader in outdoor hospitality. With this acquisition, the companies aimed to expand their business portfolios by enhancing their premium value proposition with improved accommodation and campsite facilities.
   
• In October 2022, MharoKhet, an experiential farm experience on the outskirts of Jodhpur focused on regenerative practices announced its collaboration with RV On, a pioneer in India in the business of Recreational Vehicles like Motor Homes, Camper Vans, Caravans, and Luxury Vehicles. With this collaboration, the companies aimed to provide visitors with a luxury ride for a tranquil caravan camping experience.

Most Profitable Region

The North America region of the camping and caravanning market is expected to hold the largest share of the market over the forecast period. This is mainly due to the growing adoption of camping and caravanning technology in RV camping in the region. Moreover, the increasing disposable income among individuals of this region to spend on travel is expected to enhance the regional growth of the market over the estimated timeframe.

Covid-19 Impact on the Camping and Caravanning Market

The rise of the Covid-19 pandemic has had a negative impact on the camping and caravanning market, likewise in various other industries. The lockdowns across several nations, strict intercity travel restrictions, and unavailability of sufficient accommodation and services have declined the demand for camping and caravanning over the pandemic period. Additionally, the delay or cancellation of tourism construction projects due to strict lockdown and travel restrictions have further declined the growth of the market throughout the crisis.