Global Caravanning Market Size study & Forecast, by Traveler (Domestic, International), by Caravan (Towable Caravan, Motorized), by Travelers’ Age Group (Below 30, 30-54, 55 & Above), and Regional Analysis, 2022-2029

Global Caravanning Market Size study & Forecast, by Traveler (Domestic, International), by Caravan (Towable Caravan, Motorized), by Travelers’ Age Group (Below 30, 30-54, 55 & Above), and Regional Analysis, 2022-2029

Global Caravanning Market is valued at approximately USD 21.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.60% over the forecast period 2022-2029. Vacationing in a caravan is known as caravanning. One of the key reasons why more people are choosing to caravan over take a typical holiday is the cost-effectiveness and convenience of caravanning. The major factors driving the growth of the market are rising number of domestic trips, growing preference for private tours. Along with this, the number of people enjoying overseas holidays is rising, which is anticipated to increase demand for caravanning over the forecast period. The COVID-19 epidemic caused significant financial losses for the travel and tourism sector, and its effects on the market were no different. Travel was prohibited and individuals were forced to stay inside their houses due to lockdowns and the severe COVID-19 regulations. Due to the cancellation of the flights, there were significantly fewer foreign visitors, which reduced the demand for caravans.

The number of domestic trips made in the United States climbed from 2.18 billion in 2015 to 2.33 billion in 2019, according to the U.S. Travel Association. Along with this, according to the Recreation Vehicle Industry Association (RVIA), there were 11.2 million RV-owning families in the United States as of 2021, a 62% increase from 2001. The industry is anticipated to continue to grow as more individuals get interested in owning RVs since they are more likely to go on regular camping vacations. However, the high cost of Caravanning stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Caravanning Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The high levels of disposable income in European nations, a sizable portion of travel expenses are incurred by residents of the continent. There is a sizable client base for caravanning due to the great popularity of tourism in the area and the big number of individuals with high discretionary money. Also, compared to other regions, Europe has the most caravans. Along with this, North America is growing with the fastest CAGR, due to rising development and growing number of young people who are becoming interested in caravanning. The most common form of caravan in the area is the towable model. The number of towable RVs transported in the United States climbed from 327 thousand in 2015 to 544 thousand in 2021, representing an increase of more than 66% in yearly shipments, according to RVIA.

Major market players included in this report are:
Bourne Leisure Holdings Limited
Internacional Palamos
Kampgrounds Of America, Inc.
Selectcamp
Parkdean Resorts
Vacansoliel
Pierre & Vacances
HIPcamp
ACSI Holding BV
Hilton Worldwide Holdings Inc.

Recent Developments in the Market:
 Haven Leisure purchased the family-run RV park Richmond Holiday Centre in February 2022. In order to grow its firm further, Haven Leisure continues to hunt for comparable prospects.
 The UK-based operator of vacation parks Parkdean Resorts purchased Hanson European Caravan Transport, a static caravan transportation business with its headquarters in Yorkshire, in January 2022.

Global Caravanning Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Traveler, Caravan, Travelers’ Age Group, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Traveler offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Traveler:
Domestic
International

By Caravan:
Towable Caravan
Motorized

By Travelers’ Age Group:
Below 30
30-54
55 & Above

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Bourne Leisure Holdings Limited
Internacional Palamos
Kampgrounds Of America, Inc.
Selectcamp
Parkdean Resorts
Vacansoliel
Pierre & Vacances
HIPcamp
ACSI Holding BV
Hilton Worldwide Holdings Inc.

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