The global camping and caravanning market is expected to grow from $ 49 billion in 2020 to $ 50 billion in 2021 at a compound annual expansion rate (CAGR) of -1.8%. The decline is mainly due to the economic slowdown in countries due to the COVID-19 pandemic and measures to contain it. The market, however, is predicted to recover and grow at a CAGR of 8% beginning in 2021 and reach $ 59.8 billion by 2026. North America was the largest region in the worldwide camping and caravanning market, accounting for the 40% of the market in 2020. Africa was the smallest region in the world market for camping and caravans. It is a mix of glamor and camping and offers luxury canvas tents, guides, chefs, butlers and porters in places like forests, wildlife sanctuaries and other places of beauty. These temporary structures offer luxurious beds, quality rugs, furniture, modern bathrooms, and other amenities.
The camping and caravanning market is made of the sale of camping and caravanning services and related goods on sites to accommodate motorhomes and their device. They operate sites to accommodate campers and their equipment, including tents, tent trailers, trailers, and recreational vehicles. These establishments can provide access to facilities such as restrooms, laundries, recreation rooms, play areas, shops, and bars. This camping and caravan industry comprises establishments that are primarily engaged in the operation of recreational overnight camps, such as children's camps, family vacation camps, hunting and fishing camps, and summer retreats. Outdoor adventure, offering hiking, rafting, walks and similar activities. These establishments offer accommodation facilities, such as cabins and fixed campsites, as well as other amenities such as food services, recreational facilities and equipment, and organized leisure activities.
The coronavirus has given almost a death blow to the travel and tourism industry, which has a direct impact on the camping and caravanning market. The strict lockdown conditions and shutdown of transport modes has resulted in declines revenue in this industry. However, with the relaxation of lockdown conditions, the business is supposed to resume in 2021.
The Camping and Caravaning Club continued to expand its digital offering by showing exclusive videos from the club's site, each filmed in popular destinations across the UK.
C&CC launches the national camping and caravanning week. The launch of National Camping and Caravan Week saw Julia Bradbury stay at a rather unusual campground on the River Thames near Tower Bridge.
Camping And Caravanning Market Trends:
The expansion in the camping and caravanning market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously generated restrictive containment measures involving social distancing, remote work, and business closures that resulted in operational challenges.
Camping And Caravanning Market Drivers:
The escalating aging of the population in both developed and developing countries and the rising number of people who are retiring early are factors that are driving the call for camping and caravans, thus fostering the expansion prospects of the market. The growing millennial population that engages in frequent camping activities has also driven the call for camping and caravanning services. They have escalated their spending on leisure activities in recent years. Increasing participation in outdoor activities is a key trend in the global camping and caravanning market. Generation Y, known as Generation Y, are young adults born between 1980 and 2004. By 2020, Generation Y is predicted to make 320 million international trips. Millennials are projected to outnumber baby boomers by nearly 22 million by 2030. A large portion of this population is interested in camping, adventure activities, and exploring nature. According to the North American Camping Report, Gen Y and Gen X made up about three-quarters of all campers, and Gen Y accounted for 40%. This trend is likely to continue during the outlook period, boosting the camping and caravanning market.
Camping And Caravanning Market Restraints:
The coronavirus disease (COVID-19) acted as a massive constraint on the camping and caravanning market in 2020, with governments worldwide imposing restrictions on domestic and international travel that limit the need for the services offered by these establishments. Measures taken by national governments to contain transmission have led to a decline in economic activity, with countries entering a state of lockdown, and the outbreak is supposed to continue to negatively affect tourism businesses through 2020 and into 2021. However, the camping and caravan market is foreseen to recover from the shock during the outlook period with all the travel and tourism activities being resumed lately.
Opportunities in the Camping And Caravanning Market:
Rising disposable income, especially in developing regions, is a key trend supporting the expansion of the global camping and caravanning market. Technological advancements have played a crucial role in the continuous advancement of the market. The growing preference of camping and caravans for traditional vacations has also boosted the market outlook. The growing awareness of a sustainable lifestyle encourages campers to go green camping. These include the use of reusable utensils and cutlery, natural mosquito repellants, solar lamps and chargers, refillable water bottles, eco-friendly sleeping bags, tents, and other camping equipment. For example, The Big Island in Hawaii is a popular organic farm that promotes a sustainable lifestyle.
Challenges in the Camping And Caravanning Market:
Musicians and entertainers in North America and Europe, for example, had to cancel their outdoor camping plans and had to manage them virtually due to the unprecedented outbreak of the COVID-19. These trends, while not long lasting, place a heavy burden on the income potential in the camping and caravanning market. In addition, climate experts and activists have expressed concern about worldwide warming caused by camping activities, especially the indiscriminate use of recreational vehicles.
Camping And Caravanning Market Segmentation:
Camping And Caravanning Market Regional Analysis:
The Camping And Caravanning Report includes the segmentation of Regions:
Middle East & Africa
North America was the biggest region in the worldwide camping and caravanning market, holding for close to 40% of the industry in 2020. Western Europe was the second largest region with 27% of the worldwide market. Africa was the smallest region in the world market for camping and caravans. The camping and caravanning market in the United States is expected at US $ 13.5 billion in 2020. China, the world's second-largest economy, is estimated to reach a projected market size of US $ 15.9 billion by 2026, with a CAGR of 9.5% during the analysis period from 2021 to 2026. Other notable geographies are Japan and Canada, each will expand with an expansion rate of 3.2% and 5.3% respectively during the projection period. 2026. In Europe, Germany is predicted to grow around with a 3.8% CAGR.
Camping And Caravanning Market Key Players:
Some of the key players at the forefront of the global camping and caravanning market are Discovery Parks Private Limited, European Camping Group, Kampgrounds Of America, Inc., Parkdean Holidays Limited, Equity Lifestyle Properties, Sun Communities, and Bourne Leisure.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Camping And Caravanning Market, By Type
6.1.1 RV Parks and Campgrounds
6.1.3 Vacation Camps
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
8. Key Player Analysis
8.1 Discovery Parks Private Limited
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 European Camping Group
8.3 Kampgrounds Of America, Inc
8.4 Parkdean Holidays Limited
8.5 Equity Lifestyle Properties
8.6 Sun Communities
8.7 Bourne Leisure
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures