Global Caravanning Market Analysis by Destination Type, Traveller type, Caravan Type, Type of Camper, Consumer Orientation, Age Group, Region and segments forecast till 2033

Market Overview

Global Caravanning Market valued at USD 52,652.11 million in 2022 is anticipated to reach a value of US USD 81,595.97 million in 2033, growing at a CAGR of 13.6%.

Report Scope

Global Caravanning Market: Description

The caravanning market consists of sales of camping and caravanning services and related goods by entities that operate sites to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and RVs (recreational vehicles). As well as those that operate sites with holiday camps, parks with chalets, static caravan accommodation and associated facilities such as toilets and showers, laundries, restaurants, convenience stores, swimming pools, patio sites, games, horse riding, fishing, entertainment complexes, fairgrounds, and others. The lodging options at campgrounds can include deluxe cabins, glamping tents, and log-style camping cabins with beds.

The growing interest of younger generation towards caravanning is a prominent factor fuelling the market growth. Apart from renting caravans, there are a large number of young people purchasing caravans. Demand for caravanning is on the rise as more and more travellers look for freedom and convenience during their trip. Also, the cost-effective nature of caravanning as compared to the traditional vacationing is further contributing to its increased popularity. Recreational Vehicle Industry Association (RVIA) stated in their article dated 2018 that caravanning can save up to 64% costs for a four-person travel party, while it can save up to 53% for a two-person travel party.

Rise in disposable incomes particularly in developing regions is a key trend bolstering the expansion of the camping and caravanning market. Technological advances have played a crucial role in the continuous strides the market has undertaken. The growing preference of camping and caravanning to traditional vacationing has also boosted the prospects of the market.

Rise in aging populations in developed and developing countries and growing number of people taking early retirements are factors boosting the demand for camping and caravanning, thus encouraging the growth prospects in the market. Growing millennial population who undertake frequent camping activities has also fuelled the demand for services in the camping and caravanning services. They have increased their spending on leisure activities over the past few years. Growing participation of outdoor activities is a key trend in the camping and caravanning market.

Segmental Analysis of Global Caravanning Market:

Destination Type Insights

The privately owned campgrounds segment is projected to witness a substantial growth in the camping and caravanning market during the forecast period. This is attributed to increasing number of third party insurance providers for camping and caravanning, and introduction of insurance services by camping and carving companies boosts participation in camping and caravanning activities.

Traveller type Insights

The domestic segment is expected to register the fastest of CAGR of 14.1% over the forecast period of 2023 to 2033.

Caravan Types Insights

Towable caravan type is expected to contribute a majority of the share to become the largest division in the global revenue. Towable segment is the fastest growing segment for caravan type. The segment is growing steadily owing to the towable caravans being more convenient, as they can be unhitched after the traveller has reached its location

Type of Camper Insights

Car camping has become increasingly popular in recent years and is seen as a more convenient and affordable way to explore the outdoors. Unlike traditional caravanning, which involves towing a trailer or caravan behind a vehicle, car camping involves using a car as the primary mode of transportation and sleeping in a tent or in the car itself.

Consumer Orientation Insights

Male consumer orientation is dominating the caravanning market in several ways. Traditionally, caravanning has been seen as a leisure activity that is predominantly pursued by middle-aged and retired couples. However, in recent years, there has been a shift in the caravanning market, with an increasing number of male consumers taking up caravanning as a hobby or lifestyle choice.

Age Group Insights

The 45 and above age group segment accounted for the largest revenue share of 45.9%. A large number of retired people, especially in the developed regions like North America and Europe, go for vacations in caravans. The growing number of retirees is contributing to the growth of this segment

Regional Insights

The Global Caravanning Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa.

European region had the largest market share of 49.2%. The large market share of the region is attributed to its high disposable income and the huge popularity of tourism. Consumers in Europe spend high on vacationing which translated to higher spending on caravanning as well, as caravanning is widely popular in the region.

Competitive Analysis

Bourne Leisure Holdings Limited, Internacional Palamos, Kampgrounds of America, Inc., Selectcamp, Parkdean Resorts, Vacansoliel, Pierre & Vacances and HIPcamp.

Global Caravanning Market- Segmental Analysis

Based on Destination Type

·         State or National Park Campgrounds

·         Privately Owned Campgrounds

·         Public or Privately Owned Land other than a Campground

·         Backcountry, National Forest or Wildlife Areas

·         Parking lots

·         Others

Based on Traveller type

·         Domestic

·         International

Based on Caravan Type

·         Towable

·         Motorized

Based on Type of Camper

·         Car Camping

·         RV (Recreational Vehicles) Camping

·         Backpacking

·         All

Based on Consumer Orientation

·         Male

·         Female

·         Kids

Based on Age Group

·         6-12 years

·         13-17 years

·         18-24 years

·         25-44 years

·         45+ years

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Caravanning Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Destination Type Sizeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Destination Type Sizeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Caravanning Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

•             Business Model

•             Destination Type Sizeion Capacity, Revenue, Sales, Gross Margin

•             Key Business Strategy

•             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Destination Type Size in taking a key decision within the business:

•             Company Share Analysis from 2020-2022

•             Company Analysis by Revenue and Sales

•             Company Destination Type Size Capacity, Gross Margin

•             Company Share Analysis by Card Destination Type Size/Card Destination Type Size

•             Company Share Analysis by Destination Type Size/Specification