Camping And Caravanning Global Market Sees Growth Rate Of 11% Through 2022

The global camping and caravanning market size is expected to grow from $62.00 billion in 2021 to $68.93 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth in the camping and caravanning market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The camping and caravanning market is expected to reach $100.51 billion in 2026 at a CAGR of 9.9%.

What is the Global Camping And Caravanning Market?

The camping and caravanning market consists of sales of camping and caravanning services and related goods in sites to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and RVs (recreational vehicles) by entities (organizations, sole traders or partnerships) that operate sites to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and RVs (recreational vehicles). These establishments provide access to facilities, such as washrooms, laundry rooms, recreation halls, playgrounds, stores, and snack bars. This camping and caravanning industry comprises establishments primarily engaged in operating overnight recreational camps, such as children's camps, family vacation camps, hunting and fishing camps, and outdoor adventure retreats, that offer trail riding, white water rafting, hiking, and similar activities. These establishments provide accommodation facilities, such as cabins and fixed campsites, and other amenities, such as food services, recreational facilities and equipment, and organized recreational activities.

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What drives the Global Camping And Caravanning Market?

The Millennial population is driving 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 are showing interest in camping, adventure activities and nature exploration. According to Outdoorsy, an RV rental platform, first-time renters made up 90 percent of its bookings in 2020, while millennial RV bookings increased by 70 percent compared to 2019. This trend is expected to continue in the forecast period, driving the camping and caravanning market.

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Global Camping And Caravanning Market Segments
The global camping and caravanning market is segmented:
By Type: RV (Recreational Vehicle) Parks And Campgrounds, Recreational And Vacation Camps
By Geography: 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. Among these regions, North America accounts for the largest share in the global camping and caravanning market.

Camping And Caravanning Global Market Report 2022provides market size and growth forecasts for the global camping and caravanning market, global camping and caravanning market share, camping and caravanning market segments and geographies, camping and caravanning market competitive landscape including leading competitors’ revenues, profiles and market shares. The camping and caravanning market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Camping And Caravanning Industry Playersinclude Equity Lifestyle Properties, PARKDEAN RESORTS TOPCO LIMITED, Jellystone Park, Discovery Parks Holdings Pty Limited and Country Club. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.