Global Camping and Caravanning Market to Reach $117.9 Billion by 2030
The global market for Camping and Caravanning estimated at US$70.5 Billion in the year 2023, is expected to reach US$117.9 Billion by 2030, growing at a CAGR of 7.6% over the period 2023-2030. Recreational & Vacation Camps, one of the segments analyzed in the report, is expected to record 7.2% CAGR and reach US$73 Billion by the end of the analysis period. Growth in the Recreational Vehicle Parks & Campgrounds segment is estimated at 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.7 Billion, While China is Forecast to Grow at 12.3% CAGR
The Camping and Caravanning market in the U.S. is estimated at US$18.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.5 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 7.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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