Camping is the new partying

The global camping and caravanning market, a part of the hospitality industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period. The growth is mainly due affordable camping means and growing awareness about camping industry. The affordability and comfort offered by campgrounds was a major driver of this market in 2011 to 2015.

In the forecast period, the global camping and caravanning market size is expected to be over $55 billion by 2021, growing at a CAGR of nearly 6%. This is due to rising health awareness, rising disposable income and increasing recreational and camping activities in various regions. These activities include camping, fishing, hiking, trail running and other outdoor activities.

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Growing awareness of sustainable living is encouraging campers to practice environment-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, in Hawaii is a popular ecofriendly farm promoting sustainable living. Major companies in the camping and caravanning market, offering new camping technology include Equity Lifestyle Properties, Sun Communities, Parkdean Resorts, Siblu, Discovery Holiday Parks, Jellystone Park.

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Camp Grounds And RV Parks Offering Wi-Fi Facilities

Campgrounds and RV parks are offering high speed Wi-Fi and internet amenities for campers. Campgrounds are offering internet access in clubhouses, recreation halls and desktop kiosks. According to the Kampground Survey, 83% of all campers bring cell phones when they are camping and 70% of the survey respondents say they go online at least once.

THE BUSINESS RESEARCH COMPANY EXPECTS THE CAMPING AND CARAVANNING 

MARKET TO GROW TO $60 BILLION BY 2021

Asia Pacific was the largest region in the camping and caravanning market in 2017, accounting for nearly one-third of the market share. This was mainly due to a large millennial population indulging in camping and caravanning for leisure.

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According to The Business Research Company’s Consultant, Nitin Gianchandani, glamping is gaining popularity because of the luxurious and comfortable camping experience it offers. It is a blend of glamour and camping and it offers luxurious canvas tents, guides, chefs, butlers and porters in locations such as forests, wildlife sanctuaries and other places of scenic beauty. These temporary structures provide luxury beds, quality rugs, furnishing, modern bathrooms and other amenities. According to Towergate Insurance, the number of glamping sites listed on pitchup.com increased by 50% in 2011.

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Equity Lifestyle Properties was the largest player in the camping and caravanning market in 2017 with revenues of $0.9 billion in 2016. Equity Lifestyle Properties’ growth strategy aims to expand their nation-wide presence to more urban retirement locations and vacation destinations. In 2015, the company acquired almost 700 RV resorts and one MH community sites. Going forward, the company also aims to increase profits by adopting technological methods to acquire and monitor their properties and clients. This will include billings, expenses, and consumer preferences, frequency, satisfaction, feedback and ratings.

The camping and caravanning industry operates camping sites, overnight recreational camps, outdoor adventure camps and others. These establishments may provide access to food services, recreational facilities, washrooms, playgrounds, stores and other services.

Camping And Caravanning Market Global Briefing 2018 is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office, the price is $1500 and $2000 if you wish to use across a multinational company.

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Global Camping And Caravanning Market Is Valued At $47 Billion By 2017 According To TBRC’s Latest Report

The camping and caravanning industry operates camping sites, overnight recreational camps, outdoor adventure camps and others. These establishments may provide access to food services, recreational facilities, washrooms, playgrounds, stores and other services.

Read More: https://www.thebusinessresearchcompany.com/report/camping-and-caravanning-global-market-report-2018

The major reason why the camping and caravanning market is valued at $47 billion in 2017 is the rising participation in outdoor activities. Health awareness, busy lifestyles and the need to spend quality time with family and friends are encouraging people to participate in outdoor recreational activities. Asia Pacific was the largest region in the camping and caravanning market in 2017, accounting for almost one-third of the market share.

The camping and caravanning market in The Business Research Company’s report is segmented into RV (recreational vehicle) parks and campgrounds, and recreational and vacation camps. While the first segment accounts for almost two-third of the market share, the remaining is attributed to the recreational and vacation camps segment.

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The USA was the largest country in the camping and caravanning market in 2017, accounting for close to one-fifth of the market share. This was the result of the high disposable income in the country and the presence of a large elderly population indulging in camping and caravanning for leisure. The USA was followed by the UK and China.

Equity Lifestyle Properties, Inc. was the largest company in the camping and caravanning market in 2017, followed by Sun Communities and Parkdean Holidays Limited. Equity Lifestyle Properties, Inc. is headquartered in Chicago, Illinois, United States. Equity Lifestyle Properties, Inc. company owns and operates a broad portfolio of lifestyle-oriented properties and resort communities aimed at retirees, vacationers, and second home owners.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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The Business Research Company

Europe: +44 207 1930708

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Americas: +1 315 623 0293

Email: info@tbrc.info