According to Future Market Insights, the global market for camping and caravanning is expected to increase steadily between 2020 and 2030, with a compound annual growth rate of 7.6%. Most nations, including the Philippines, India, Thailand, Brazil, and the United Arab Emirates, are now making huge investments in their airports in order to improve arrival and departure amenities for a high volume of travelers in the near future.
Moreover, players in these countries focus on restoration of heritage and camping sites, as well as infrastructure. Additionally, improvement of lifestyle, showcasing culture & diversity, and cooperative partnerships between governments to enhance infrastructure for better living and commuting are other factors contributing to the growth of the camping and caravanning market.
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Key Takeaways from the Camping and Caravanning Market Study
- According to the report, companies are increasingly focuses on customer loyalty programs, as the camping and caravanning is a customer-driven market, and players target a particular set of customers and retain them by meeting their requirements. Accordingly, the development of technology-driven, customer-centric services and innovative discount offers through gift cards is expected to boost the revenue of the companies in the global camping and caravanning market.
- Nowadays, e-Gifting is gaining popularity among consumers, owing to advantages such as convenience, easy availability, and customization benefits. Thus, prominent players in the camping and caravanning market offer e-Gift cards to customers with an objective to retain them in the future.
- The Europe region is expected to retain its dominant position in the global camping and caravanning market, due to increase in frequency and length of holidays by young population in the caravan camping parks coupled with growing trend of mobile homes without relying on hotels or motels in the region.
- Among destination type, the privately owned campgrounds segment is anticipated to show a relatively higher CAGR in the global camping and caravanning market in the near future, as increasing number of millennial campers and rise in demand for luxury camping facilities across the globe.
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Staying connected on social media while camping remains a priority of millennials. The availability of Wi-Fi and improved cell phone service at campgrounds is increasing the active participation of millennials in camping parks, is anticipated to propel the camping and caravanning market in the foreseeable future. Additionally, the fast-paced advertising and technological landscape has become an essential part of the camping and caravanning industry, as tourists seek the best travel experience in a shorter duration is another factor drives the global camping and caravanning market over the forecast period.
Some of the key players operating in the camping and caravanning market
- ACCOR SA
- Internacional Palamos
- Radisson Hotel Group
- Haven Leisure Limited
- Hilton Worldwide Holdings Inc.
- TENTRR
- HIPcamp
- Vacansoliel
- Selectcamp
- ACSI Holding BV
Several prominent market players are significantly exploring new camping sites as more and more people are showing interest in adventure camping and glamping. Besides this, companies are also significantly improving their digital presence to meet customer expectations and introducing new customer loyalty programs by providing personalized experiences and reserving exclusive offers for members.
- In January 2020, Hilton Worldwide Holdings Inc. introduced a new lifestyle hotel brand ‘Tempo’, to serve the growing segment of modern achievers. This new chain of hotels, with wellness and sustainability at the foundation, will provide a unique experience to younger and eco-friendly travellers. This expansion is anticipated to help the company expand its product portfolio and market footprint worldwide.
- In 2020, ACSI Holding BV introduced new ACSI guides and apps for campers who likes to visit campsites with their own motorhome. This will enable travelers to camp at bargain prices off-season at more than 3,600 campsites in Europe. It will also provide extensive information about 8,000 ACSI-inspected campsites.
CAMPING AND CARAVANNING MARKET TAXONOMY
The global camping and caravanning market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
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
- Others
Type of Camper
- Car Camping
- RV Camping
- Backpacking
- All
Consumer Orientation
- Male
- Female
- Kids
Age
- 6-12 yrs
- 13-17 yrs
- 18-24 yrs
- 25-44 yrs
- 45 + yrs
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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