The Tenting And Caravanning Trade Is Pushed By The Growing Proportion Of Millennials In Tenting

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Camping and Caravan Market – By Type, Competitive Landscape and By Region, Opportunities and Strategies – Global Forecast to 2023

The Business Research Company’s Camping and Caravanning Market Report – Opportunities and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, UK, June 30th, 2021 /EINPresswire.com/ – The millennial population is driving the camping and caravanning market. Millennials, known as Generation Y, are young adults born between 1980 and 2004. Millennials are expected to make 320 million international trips by 2020. Millennials are projected to outnumber baby boomers by nearly 22 million by 2030. Much of this population shows an interest in camping, adventure activities, and nature exploration. According to the North American Camping Report, Millennials and Gen Xers made up around three-quarters of all campers, with Millennials making up 40%. It is expected that this trend will continue in the forecast period and will drive the camping and caravanning market.

The global camping and caravanning market size is forecast to grow from $ 39.85 billion in 2020 to $ 45.07 billion in 2021 with an average annual growth rate (CAGR) of 13.1%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The market is expected to reach $ 56.6 billion at a CAGR of 6% in 2025.

Read more about the global Camping and Caravan Market report:
https://www.thebusinessresearchcompany.com/report/camping-and-caravaning-market

The camping and caravanning market consists of the sale of camping and caravanning services and related goods in locations designed to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and mobile homes (recreational vehicles) by companies (organizations, sole proprietorships, or partnerships) ). operate RV parks and their equipment, including tents, tent trailers, caravans and RVs (recreational vehicles). These facilities can provide access to facilities such as washrooms, laundry rooms, leisure halls, playgrounds, shops, and snack bars. This camping and caravanning industry includes establishments that mainly operate overnight recreational camps such as children’s camps, family holiday camps, hunting and fishing camps, and outdoor adventure retreats that offer trail riding, white water rafting, hiking, and similar activities. These facilities provide accommodations such as cabins and permanent campsites and other amenities such as food, recreational facilities and equipment, and organized recreational activities. The camping and caravanning market is divided into mobile home parks and campsites as well as leisure and holiday camps.

North America is the largest region in the global camping and caravanning market, accounting for 40% of the market in 2020. Western Europe is the second largest region with 27% of the world market. Africa is the smallest region in the global camping and caravanning market.

Major companies in the market include Equity Lifestyle Properties, Sun Communities, Parkdean Holidays Limited, Siblu, Jellystone Park.

Camping And Caravanning Market – By Type (Rv (Recreational Vehicle) Parks And Campgrounds, Leisure And Holiday Camps), Competitive Landscape, And By Region, Opportunities And Strategies – Global Forecast To 2023 is one of a series of new reports from The Business Research Company , which is an overview of the Camping and Caravanning Market, the Global Camping and Caravanning Market Size and Growth for the Whole Market, the Global Camping and Caravanning Market Segments and Regions, the Global Camping and Caravanning Market Trends Caravanning, the market drivers for camping and caravanning, restrictions, leading competitors’ revenues, profiles and market shares.

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June 30, 2021, 11:00 GMT


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