Camping And Caravanning Market Report
RA08626
Camping and Caravanning Market By Destination Type (State or National Park Campgrounds, Privately Owned Campgrounds, Public or Privately Owned Land Other Than a Campground, Backcountry, National Forest or Wilderness Areas, Parking Lots and Others), Type of Camper (Car Camping, RV Camping, Backpacking and Others), by Consumer Orientation (Adult Male, Adult Female and Kids), Age (6-12 yrs, 13-17 yrs, 18-24 yrs, 25-44 yrs and 45 + yrs) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031
Global Camping and Caravanning Market Analysis
The Global Camping and Caravanning Market Size was $42,384.0 million in 2021 and is predicted to grow with a CAGR of 7.7%, by generating a revenue of $87,653.5 million by 2031.
Global Camping and Caravanning Market Synopsis
The camping tourism is a popular recreational activity where participants travel in order to spend time living in tents, motor homes, or other types of informal, rural accommodation. The market is likely to show significant growth in the forecast period owing to rising spending in camping or caravanning tourism. For instance, Overall, 420 million nights were spent camping or caravanning by EU residents in 2019, of which the UK accounted for 59 m, France 129m, Italy 55m, Spain 41m, Germany 36m and Netherlands 22m. Further, camping and caravanning is green, cheaper and takes less time than foreign travel. For a typical journey comparison, a family would save hours of travel time and spend 92% less on transport costs and save approximately 95% of their CO2 emissions.
Apart from this, introduction of high technology and energy efficiency caravans type mainly geometric, camping pods, two storey caravan, sealander caravan and others are creating a lucrative business opportunity for the carvan business segment that is further supplementing the global camping and caravanning market size. This specific type of caravans is designed in order to its multitude of uses to meet the changing customer preferences.
Despite the advancements in the technology, the global camping and caravanning market share is likely to hamper in the future times. The involvement of tourism regulatory alliances to focus on eco-friendly camping and sustainability solutions is compelling authorities to form stringent norms & guidelines that restricts tourism from conducting specific activities at the destination. Further, factors mainly unexpected fire attacks at camping sites due to negligence from tourists adversely impacting the animals and species is strictly monitored by these alliances. Owing to this, the camping and caravanning market size is expected to show moderate growth in the forecast period.
The most important growth driver for the camping and caravanning market is the technological upgradation in the recreational and leisure vehicles mainly rooftop with A/C units and technology to help reduce road noise to create a truly unique recreational experience and impressive array of technology. This factor is boosting the camping and caravanning market growth.
According to regional analysis, the North America Camping and Caravanning market accounted for $18267.5 million in 2021 and is predicted to grow with a CAGR of 7.4% in the projected timeframe.
Camping and Caravanning Overview
Camping and Caravanning refers to the activity of staying overnight in a tent. The campsites are intended to accommodate tents, caravans, mobile leisure residences and light leisure accommodation. The global camping and caravanning market are likely to show robust growth in the upcoming years owing to rising disposable income, massive funding by tourism alliances to boost tourism industry, rapid technological innovations in recreational and leisure vehicles.
COVID-19 Impact on Global Camping and Caravanning Market
The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were standstill. This has ultimately lowered the demand for camping and caravanning due to lack of investment from major market players in exploring new camping destinations. Further, nationwide lockdown, lack of unavailability of sufficient accommodation and services, strict intercity travel restrictions significantly slowdown the market. Moreover, manufacturing and supply of recreational vehicles were hampered significantly due to complexities in supply chain, unavailability of necessary vehicles components & parts, volatility in currency rates, and other factors. Further, changes in trade policies, disruption in import-export activities, unavailability of skilled professionals are other factors hampering the market. Furthermore, delay or cancellation of tourism construction projects due to strict lockdown and travel restrictions has hampered the market growth.
Rising Sales of Recreational Vehicles to Fuel Market Growth
Sales of recreational vehicles is pacing up rapidly at global level majorly due to demand for road trips as a getaway from quarantine and provide a reliable and personal way to travel. Moreover, young generation and millennials are more attracted to this ongoing trend to experience outdoor recreational activities through such vehicles. In addition to this, customers are now preferring to cite health and environmental concerns with traditional travel. The proliferation of solo travellers even inspired the Australian Caravan Club to facilitate a Lone Trekkers special interest group, which includes solo travellers of all ages. Apart from this, according to the European Caravan Federation, A record number of leisure vehicles, which include motorhomes and towable caravans, were sold in Europe in 2020, rising 12 percent to around 235,000 units. Owing to the abovementioned factors, the global camping and caravanning market is likely to fuel in the coming years.
To know more about global Camping and Caravanning market drivers, get in touch with our analysts here.
Stringent Tourism Guidelines to Restrain the Camping and Caravanning Market Growth
Despite a significant rise in the camping and caravanning industry, the market is expected to show moderate downfall owing to stringent guidelines and norms drafted by tourism authorities for sustainability & environmentally friendly camping activities. In order to achieve the same, the guidelines are majorly emphasizing to avoid barbeque facilities wherein there are high chances of fire catch attacks that could destroy the environment and harm animals & species. Also, certain norms are imposed on waste management and using eco-friendly utensils to protect environment. Owing to this, the market is likely to showcase a slowdown in the upcoming years.
Introduction of Advanced Technologies Leisure Vehicles to Drive Excellent Opportunities
The introduction of highly sophisticated technologies embedded in leisure vehicles is creating significant opportunities for the market growth. The leisure vehicles manufacturers are proactively focusing on developing EV battery-powered EV to shed significant weight from our caravans. Further, several new features, making the most of simulation tools, piping and cabling and advanced assembly to deliver a truly unique product. For instance, in June 2021, Truckman launches new innovative has released a new solution to keep the contents of the truck bed safe and secure with the launch of the new Mountain Top Evo-M roller tonneau cover. The durable and corrosion-resistant cover features a cleverly concealed handle ideally for working, as well as family and leisure vehicles. This factor is likely to boost the market in the upcoming years.
To know more about global Camping and Caravanning market opportunities, get in touch with our analysts here.
Global Camping and Caravanning Market, by Destination Type
Based on destination type, the market has been divided into state or national park campgrounds, privately owned campgrounds, public or privately owned land other than a campground, backcountry, national forest or wilderness areas, parking lots and others. Among these, the privately owned campgrounds sub-segment accounted for the highest market share in 2021 is estimated to show the fastest growth during the forecast period.
Global Camping and Caravanning Market Size, by Destination Type, 2021
Source: Research Dive Analysis
The privately owned campgrounds sub-type is accounted to have a dominant market share in 2021 and it is expected to showcase significant growth in the coming years. This is majorly due to rising focus of private travel companies and tourists owners to expand its destinations reach and explore new wildlife and adventurous sites. Moreover, favorable governmental policies in developed and developing nations to boost tourism industry in remote areas is creating significant opportunities for privately owned campgrounds players further responsible to grow substantially in the forecast period.
Global Camping and Caravanning Market, by Type of Camper
Based on type of camper, the market has been divided into car camping, RV camping, backpacking and others. Among these, the scientific research sub-segment accounted for highest revenue share in 2021 and is likely to showcase robust growth in the coming years.
Global Camping and Caravanning Market Share, by Type of Camper, 2021
Source: Research Dive Analysis
The RV camping sub-segment is accounted to have a dominant market share in 2021. Recreational vehicles are gaining traction owing to its user-friendly functionalities and introduction of advanced sophisticated technologies embedded in such vehicles. Further, the automobile manufacturers are proactively focusing on smoothening the supply chain of these type of vehicles as a part of its business development strategy and boost its sales in this industry. Also, rising tourism industry globally is a major factor supplementing the recreational vehicle camping segment.
Global Camping and Caravanning Market, by Consumer Orientation
Based on consumer orientation, the market has been divided into adult male, adult female and kids. Among these, the adult male sub-segment accounted for highest revenue share in 2021 and is expected to flourish in the forecast period.
Global Camping and Caravanning Market Growth, by Consumer Orientation, 2021
Source: Research Dive Analysis
The adult male sub-segment is accounted to have a dominant market share in 2021 and it is expected to flourish at a higher rate in the forecast period. Adult males are more inclined towards experiencing adventurous and wildlife destinations. Also, outdoor recreational activities are majorly interesting to adult male which is a major factor responsible for achieving highest market share in the market.
Global Camping and Caravanning Market, by Age
Based on age, the market has been divided into adult male, adult female and kids. Among these, the adult male sub-segment accounted for highest revenue share in 2021 and is expected to flourish in the forecast period.
Global Camping and Caravanning Market Forecast, by Age, 2021
Source: Research Dive Analysis
The 18-24 sub-segment is accounted to have a dominant market share in 2021 and it is expected to flourish at a higher rate in the forecast period. This age is majorly considered in young generation and millennials who are showing keen interest in exploring new destinations and are purchasing RV vehicles at a rapid pace. Moreover, they are more inclined towards camping and caravanning across developed and developing remote regions which is together contributing to the market growth.
Global Camping and Caravanning Market, Regional Insights
The Camping and Caravanning market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Global Camping and Caravanning Market Size & Forecast, by Region, 2021-2031 (USD Million)
Source: Research Dive Analysis
The Market for Camping and Caravanning in North America to be the Most Dominant
The demand for Camping and Caravanning in the North America region is driven by its use as a low emission alternative fuel that helps in achieving low carbon mobility. The growing adoption of Camping and Caravanning technology in RV camping segment is propelling market growth. Moreover, massive investments by tourism authorities to boost the travel sector is supplementing market growth. Further, rising disposable income of consumers to spent on travel is another factor boosting the camping and caravanning industry.
Competitive Scenario in the Global Camping and Caravanning Market
Investment, agreement, and product launch are common strategies followed by major market players. For instance, in August 2022, Mercedes‑Benz is adding a new entry-level model to its Marco Polo family, setting the course for further growth in the motorhome market. This strategic movement would enable flexible, easily installable and removable camping module.
Source: Research Dive Analysis
Some of the leading Camping and Caravanning market players are Discovery Parks Private Limited, European Camping Group, Kampgrounds Of America, Inc., Parkdean Holidays Limited, Equity Lifestyle Properties, Sun Communities, Bourne Leisure, The Camping and Caravanning Club, Drayton Manor, La Bella Vista, Altmark.de.
Aspect | Particulars |
Historical Market Estimations | 2021 |
Base Year for Market Estimation | 2021 |
Forecast Timeline for Market Projection | 2022-2031 |
Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Destination Type |
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Segmentation by Type of Camper |
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Segmentation by Consumer Orientation |
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Segmentation by Age |
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Key Companies Profiled |
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Q1. What is the size of the global Camping and Caravanning market?
A. The size of the global Camping and Caravanning market was over $42,384.0 million in 2021 and is projected to reach $87653.5 million by 2031.
Q2. Which are the major companies in the Camping and Caravanning market?
A. Parkdean Holidays Limited, Equity Lifestyle Properties, Discovery Parks Private Limited are some of the key players in the global Camping and Caravanning market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific Camping and Caravanning market?
A. Asia-Pacific Camping and Caravanning market is anticipated to grow at 8.8% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Sun Communities, Bourne Leisure, The Camping and Caravanning Club, Drayton Manor are the companies investing more on R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global camping and caravanning market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.LEGAL
4.6.5.Technological
4.6.6.Environmental
4.7.Impact of COVID-19 on camping and caravanning market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.camping and caravanning Market Analysis, by Destination Type
5.1.Overview
5.2.State or National Park Campgrounds
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region, 2021- 2031me
5.2.3.Market share analysis, by country, 2021- 2031
5.3.Privately Owned Campgrounds
5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region, 2021- 2031
5.3.3.Market share analysis, by country, 2021- 2031
5.4.Public or Privately Owned Land Other Than a Campground
5.4.1.Definition, key trends, growth factors, and opportunities
5.4.2.Market size analysis, by region, 2021- 2031
5.4.3.Market share analysis, by country, 2021- 2031
5.5.Backcountry, National Forest or Wilderness Areas
5.5.1.Definition, key trends, growth factors, and opportunities
5.5.2.Market size analysis, by region, 2021- 2031
5.5.3.Market share analysis, by country, 2021- 2031
5.6.Parking Lots
5.6.1.Definition, key trends, growth factors, and opportunities
5.6.2.Market size analysis, by region, 2021- 2031
5.6.3.Market share analysis, by country, 2021- 2031
5.7.Others
5.7.1.Definition, key trends, growth factors, and opportunities
5.7.2.Market size analysis, by region, 2021- 2031
5.7.3.Market share analysis, by country, 2021- 2031
5.8.Market size analysis, by region, 2021- 2031
5.9.Market share analysis, by country, 2021- 2031
5.10.Research Dive Exclusive Insights
5.10.1.Market attractiveness
5.10.2.Competition heatmap
6.camping and caravanning Market Analysis, by Type of Camper
6.1.Overview
6.2.Car Camping
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region, 2021- 2031
6.2.3.Market share analysis, by country, 2021- 2031
6.3.RV Camping
6.3.1.Definition, key trends, growth factors, and opportunities
6.3.2.Market size analysis, by region, 2021- 2031
6.3.3.Market share analysis, by country, 2021- 2031
6.4.Backpacking
6.4.1.Definition, key trends, growth factors, and opportunities
6.4.2.Market size analysis, by region, 2021- 2031
6.4.3.Market share analysis, by country, 2021- 2031
6.5.Others
6.5.1.Definition, key trends, growth factors, and opportunities
6.5.2.Market size analysis, by region, 2021- 2031
6.5.3.Market share analysis, by country, 2021- 2031
6.6.Research Dive Exclusive Insights
6.6.1.Market attractiveness
6.6.2.Competition heatmap
7.camping and caravanning Market Analysis, by Consumer Orientation
7.1.Adult Male
7.1.1.Definition, key trends, growth factors, and opportunities
7.1.2.Market size analysis, by region, 2021- 2031
7.1.3.Market share analysis, by country, 2021- 2031
7.2.Adult Female
7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region, 2021- 2031
7.2.3.Market share analysis, by country, 2021- 2031
7.3.Kids
7.3.1.Definition, key trends, growth factors, and opportunities
7.3.2.Market size analysis, by region, 2021- 2031
7.3.3.Market share analysis, by country, 2021- 2031
7.4.Research Dive Exclusive Insights
7.4.1.Market attractiveness
7.4.2.Competition heatmap
8.camping and caravanning Market Analysis, by Age
8.1.6-12 yrs
8.1.1.Definition, key trends, growth factors, and opportunities
8.1.2.Market size analysis, by region, 2021- 2031
8.1.3.Market share analysis, by country, 2021- 2031
8.2.13-17 yrs
8.2.1.Definition, key trends, growth factors, and opportunities
8.2.2.Market size analysis, by region, 2021- 2031
8.2.3.Market share analysis, by country, 2021- 2031
8.3.18-24 yrs
8.3.1.Definition, key trends, growth factors, and opportunities
8.3.2.Market size analysis, by region, 2021- 2031
8.3.3.Market share analysis, by country, 2021- 2031
8.4.25-44 yrs
8.4.1.Definition, key trends, growth factors, and opportunities
8.4.2.Market size analysis, by region, 2021- 2031
8.4.3.Market share analysis, by country, 2021- 2031
8.5.45 + yrs
8.5.1.Definition, key trends, growth factors, and opportunities
8.5.2.Market size analysis, by region, 2021- 2031
8.5.3.Market share analysis, by country, 2021- 2031
8.6.Research Dive Exclusive Insights
8.6.1.Market attractiveness
8.6.2.Competition heatmap
9.camping and caravanning Market, by Region
9.1.North America
9.1.1.U.S.
9.1.1.1.Market size analysis, by Type, 2021- 2031
9.1.1.2.Market size analysis, by Application, 2021- 2031
9.1.1.3.Market size analysis, by End-use Industry, 2021 - 2031
9.1.2.Canada
9.1.2.1.Market size analysis, by Type, 2021- 2031
9.1.2.2.Market size analysis, by Application, 2021- 2031
9.1.2.3.Market size analysis, by End-use Industry, 2021 - 2031
9.1.3.Mexico
9.1.3.1.Market size analysis, by Type, 2021- 2031
9.1.3.2.Market size analysis, by Application, 2021- 2031
9.1.3.3.Market size analysis, by End-use Industry, 2021 - 2031
9.1.4.Research Dive Exclusive Insights
9.1.4.1.Market attractiveness
9.1.4.2.Competition heatmap
9.2.Europe
9.2.1.Germany
9.2.1.1.Market size analysis, by Type, 2021- 2031
9.2.1.2.Market size analysis, by Application, 2021- 2031
9.2.1.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.2.UK
9.2.2.1.Market size analysis, by Type, 2021- 2031
9.2.2.2.Market size analysis, by Application, 2021- 2031
9.2.2.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.3.France
9.2.3.1.Market size analysis, by Type, 2021- 2031
9.2.3.2.Market size analysis, by Application, 2021- 2031
9.2.3.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.4.Spain
9.2.4.1.Market size analysis, by Type, 2021- 2031
9.2.4.2.Market size analysis, by Application, 2021- 2031
9.2.4.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.5.Italy
9.2.5.1.Market size analysis, by Type, 2021- 2031
9.2.5.2.Market size analysis, by Application, 2021- 2031
9.2.5.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.6.Rest of Europe
9.2.6.1.Market size analysis, by Type, 2021- 2031
9.2.6.2.Market size analysis, by Application, 2021- 2031
9.2.6.3.Market size analysis, by End-use Industry, 2021 - 2031
9.2.7.Research Dive Exclusive Insights
9.2.7.1.Market attractiveness
9.2.7.2.Competition heatmap
9.3.Asia Pacific
9.3.1.China
9.3.1.1.Market size analysis, by Type, 2021- 2031
9.3.1.2.Market size analysis, by Application, 2021- 2031
9.3.1.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.2.Japan
9.3.2.1.Market size analysis, by Type, 2021- 2031
9.3.2.2.Market size analysis, by Application, 2021- 2031
9.3.2.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.3.India
9.3.3.1.Market size analysis, by Type, 2021- 2031
9.3.3.2.Market size analysis, by Application, 2021- 2031
9.3.3.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.4.Australia
9.3.4.1.Market size analysis, by Type, 2021- 2031
9.3.4.2.Market size analysis, by Application, 2021- 2031
9.3.4.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.5.South Korea
9.3.5.1.Market size analysis, by Type, 2021- 2031
9.3.5.2.Market size analysis, by Application, 2021- 2031
9.3.5.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.6.Rest of Asia Pacific
9.3.6.1.Market size analysis, by Type, 2021- 2031
9.3.6.2.Market size analysis, by Application, 2021- 2031
9.3.6.3.Market size analysis, by End-use Industry, 2021 - 2031
9.3.7.Research Dive Exclusive Insights
9.3.7.1.Market attractiveness
9.3.7.2.Competition heatmap
9.4.LAMEA
9.4.1.Brazil
9.4.1.1.Market size analysis, by Type, 2021- 2031
9.4.1.2.Market size analysis, by Application, 2021- 2031
9.4.1.3.Market size analysis, by End-use Industry, 2021 - 2031
9.4.2.Saudi Arabia
9.4.2.1.Market size analysis, by Type, 2021- 2031
9.4.2.2.Market size analysis, by Application, 2021- 2031
9.4.2.3.Market size analysis, by End-use Industry, 2021 - 2031
9.4.3.UAE
9.4.3.1.Market size analysis, by Type, 2021- 2031
9.4.3.2.Market size analysis, by Application, 2021- 2031
9.4.3.3.Market size analysis, by End-use Industry, 2021 - 2031
9.4.4.South Africa
9.4.4.1.Market size analysis, by Type, 2021- 2031
9.4.4.2.Market size analysis, by Application, 2021- 2031
9.4.4.3.Market size analysis, by End-use Industry, 2021 - 2031
9.4.5.Rest of LAMEA
9.4.5.1.Market size analysis, by Type, 2021- 2031
9.4.5.2.Market size analysis, by Application, 2021- 2031
9.4.5.3.Market size analysis, by End-use Industry, 2021 - 2031
9.4.6.Research Dive Exclusive Insights
9.4.6.1.Market attractiveness
9.4.6.2.Competition heatmap
10.Competitive Landscape
10.1.Top winning strategies, 2021
10.1.1.By strategy
10.1.2.By year
10.2.Strategic overview
10.3.Market share analysis, 2021
11.Company Profiles
11.1.Discovery Parks Private Limited
11.1.1.Overview
11.1.2.Business segments
11.1.3.Product portfolio
11.1.4.Financial performance
11.1.5.Recent developments
11.1.6.SWOT analysis
11.2.European Camping Group
11.2.1.Overview
11.2.2.Business segments
11.2.3.Product portfolio
11.2.4.Financial performance
11.2.5.Recent developments
11.2.6.SWOT analysis
11.3.Kampgrounds Of America, Inc.
11.3.1.Overview
11.3.2.Business segments
11.3.3.Product portfolio
11.3.4.Financial performance
11.3.5.Recent developments
11.3.6.SWOT analysis
11.4.Parkdean Holidays Limited
11.4.1.Overview
11.4.2.Business segments
11.4.3.Product portfolio
11.4.4.Financial performance
11.4.5.Recent developments
11.4.6.SWOT analysis
11.5.Equity Lifestyle Properties
11.5.1.Overview
11.5.2.Business segments
11.5.3.Product portfolio
11.5.4.Financial performance
11.5.5.Recent developments
11.5.6.SWOT analysis
11.6.Sun Communities
11.6.1.Overview
11.6.2.Business segments
11.6.3.Product portfolio
11.6.4.Financial performance
11.6.5.Recent developments
11.6.6.SWOT analysis
11.7.Bourne Leisure
11.7.1.Overview
11.7.2.Business segments
11.7.3.Product portfolio
11.7.4.Financial performance
11.7.5.Recent developments
11.7.6.SWOT analysis
11.8.The Camping and Caravanning Club
11.8.1.Overview
11.8.2.Business segments
11.8.3.Product portfolio
11.8.4.Financial performance
11.8.5.Recent developments
11.8.6.SWOT analysis
11.9.Drayton Manor
11.9.1.Overview
11.9.2.Business segments
11.9.3.Product portfolio
11.9.4.Financial performance
11.9.5.Recent developments
11.9.6.SWOT analysis
11.10.La Bella Vista
11.10.1.Overview
11.10.2.Business segments
11.10.3.Product portfolio
11.10.4.Financial performance
11.10.5.Recent developments
11.10.6.SWOT analysis
11.11.Altmark.de.
11.11.1.Overview
11.11.2.Business segments
11.11.3.Product portfolio
11.11.4.Financial performance
11.11.5.Recent developments
11.11.6.SWOT analysis
12.Appendix
12.1.Parent & peer market analysis
12.2.Premium insights from industry experts
12.3.Related reports
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:
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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.
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