Camping And Caravanning Global Market Report 2023: Demand from Millennials Continues to Fuel Growth
Global Camping and Caravanning Market
Dublin, May 02, 2023 (GLOBE NEWSWIRE) -- The "Camping And Caravanning Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global camping and caravanning market grew from $67.38 billion in 2022 to $72.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The camping and caravanning market is expected to grow to $92.13 billion in 2027 at a CAGR of 6.3%.
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 is showing an interest in camping, adventure activities, and natural exploration . According to Outdoorsy, an RV rental platform, first-time renters accounted for 90% of 2020 bookings, while millennial RV bookings increased by 70% over 2019. This trend is expected to continue in the forecast period, driving the camping and caravanning market.
Growing awareness of sustainable living is encouraging campers to practice environmentally friendly camping. These include using reusable utensils and cutlery, natural mosquito repellents, solar lamps and chargers, refillable water bottles, eco-friendly sleeping bags, tents, and other camping equipment. For instance, the Big Island of Hawaii is a popular eco-friendly farm promoting sustainable living.
North America was the largest region in the camping and caravanning market in 2022. Western Europe was the second largest region in the camping and caravanning market. 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.
The countries covered in the camping and caravanning market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
Scope
Markets Covered:
1) By Type: RV (Recreational Vehicle) Parks And Campgrounds; Recreational And Vacation Camps
2) 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; Other Destination Types
3) By Consumer Orientation: Male; Female; Kids
Key Attributes:
Report Attribute | Details |
No. of Pages | 300 |
Forecast Period | 2023 - 2027 |
Estimated Market Value (USD) in 2023 | $72.17 billion |
Forecasted Market Value (USD) by 2027 | $92.13 billion |
Compound Annual Growth Rate | 6.3% |
Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Camping And Caravanning Market Characteristics
4. Camping And Caravanning Market Product Analysis
5. Camping And Caravanning Market Supply Chain
6. Camping And Caravanning Market Customer Information
7. Camping And Caravanning Market Trends And Strategies
8. Camping And Caravanning Market - Macro Economic Scenario
9. Camping And Caravanning Market Size And Growth
10. Camping And Caravanning Market Regional Analysis
11. Camping And Caravanning Market Segmentation
12. Camping And Caravanning Market Metrics
13. Asia-Pacific Camping And Caravanning Market
14. Western Europe Camping And Caravanning Market
15. Eastern Europe Camping And Caravanning Market
16. North America Camping And Caravanning Market
17. South America Camping And Caravanning Market
18. Middle East Camping And Caravanning Market
19. Africa Camping And Caravanning Market
20. Camping And Caravanning Market Competitive Landscape
21. Key Mergers And Acquisitions In The Camping And Caravanning Market
22. Market Background: Non-Residential Accommodation Services Market
23. Recommendations
24. Appendix
A selection of companies mentioned in this report includes
Equity Lifestyle Properties
PARKDEAN RESORTS TOPCO LIMITED
Jellystone Park
Discovery Parks Holdings Pty Limited
Country Club
For more information about this report visit https://www.researchandmarkets.com/r/q3y9my
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