Rise in Participation in Outdoor Activities Expected to Drive Global Camping and Caravanning Market: Ken Research

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Camping & caravanning market comprises of sales of camping & caravanning services and related goods in sites to contain campers and their equipment such as tent trailers, tents, travel trailers, and RVs (recreational vehicles). These establishments recommend access to facilities for instance recreation halls, washrooms, stores, playgrounds, laundry rooms, and snack bars. Camping & caravanning industry incorporate establishments primarily engaged in operating overnight recreational camps like family vacation camps, children’s camps, hunting & fishing camps, and outdoor adventure retreats, that offer white water rafting, hiking, trail riding, and similar activities. These establishments also provide accommodation facilities like cabins & fixed campsites, and other amenities including recreational facilities & equipment, food services, and organized recreational activities.

Referring to the study, “Camping And Caravanning Global Market Opportunities And Strategies To 2023” leading players that are currently operating in the global camping and caravanning market include Bourne Leisure Holdings Limited; Camping Flamboyant; Alaskan Anglers RV Park; Banyan Tree Al Wadi; Camping Pod Lasem; Duncans Mills camping club; Easycamp; Discovery Parks Private Limited; Elangeni Holiday Resort; European Camping Group; Fallen Rock RV Parke & Campground; Ellevacanze; Equity Lifestyle Properties; George Country Resort; Kampgrounds Of America, Inc.; Keurbooms Lagoon Caravan Park; Glamp-Inn; Green Fountain Caravan Resort; Jellystone Park; Koppisol Holiday Resort; Normandy Farms; Mbizi Game Lodge & Spa; Parkdean Holidays Limited; Siblu; Sun Communities; Prefab Caravan; Queensburgh Caravan Park; The Golden Nugget RV Park; Zion River Resort, Top Parks; Victoria Bay Caravan Park. The key companies are more focused on retaining customers. These companies are offering e-gift cards to their clients to promote the customer loyalty towards their brands.

Based on type, camping and caravanning market is segmented as recreational & vacation camps, car camping, RVs parks and campgrounds and others. Based on consumer orientation, market is segmented as male, female and kids. In addition, based on age, market is segmented as 6-12 yrs, 13-17 yrs, 18-24 yrs, 25-44 yrs and 45+ yrs.

The camping and caravanning market is driven by restoration of heritage and camping sites, followed by rise in participation in outdoor activities, improving lifestyles, increase in millennial preference for camping, and increase in popularity of adventure travelling in remote areas. However, natural disasters and availability of other domestic & international tourism alternatives may impact the market. Moreover, increase in spend on leisure and favorable government initiatives are key opportunities for market. Furthermore, increase in government initiatives to support expansion of caravanning tourism is a major trend for market.

Based on geography, the North-American region holds major share in global camping and caravanning market owing to growth in infrastructural & facility developments at camping grounds in the region. The Asian-Pacific and European regions are estimated to exhibit substantial growth rate due to rise in disposable income and increase in aging population over the forecast period. It is projected that future of the global market will be optimistic on account of growth in preference of camping & caravanning to traditional vacationing during the forecast period. It is also projected that global camping and caravanning market will be reached at US $66.7 billion by 2023, at a CAGR of 7.5%.

For More Information, Click on the Link Below:-

Global Camping and Caravanning Market

Related Report:-

Global Camping and Caravanning Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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Ken Research

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Ankur@kenresearch.com

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