Global caravanning market is projected to grow at impressive rate during the forecast period. A caravan is a specially designed, fashionable vehicle that offers a full range of amenities for a comfortable stay, including air conditioning, a sofa-bed, a TV, a kitchenette with a fridge and a microwave, an induction heater, cupboards, a dining table, a toilet cubicle (a bathroom with a geyser), a partition behind the driver, internet connectivity, audio-video features, a charging system, GPS, motorized windows, and an awning that allows guests. Caravan tourism has become popular across the globe due to the flexibility and freedom it offers when it comes to accommodation on vacation. Even in remote locations, where it can be challenging to find suitable lodging, caravans are frequently used for holidays and tours. Wildlife and other adventure tourism are currently growing in popularity throughout many regions. In many remote areas, especially in developing and underdeveloped nations, lack of adequate housing is already a significant issue. Such circumstances are likely to drive the expansion of the global caravanning market.
Caravans draw people from all demographic groups, including families, the elderly, the young, and ardent travelers who have made travel a significant part of their lives. The younger generation's growing interest in adventure travel contributes significantly to the market's expansion. Younger generations frequently enjoy taking outdoor adventure vacations, and using a caravan is reasonably affordable and versatile. This is likely to increase demand for caravans in the global caravanning market during the forecast period.
Rising Governments Initiatives For Tourism Sector
Governments of various nations are taking initiatives for the growth of the tourism sector which is also fueling the demand and growth of the caravanning market. The development of caravan parks is a priority for the tourism ministries of various governments since the idea of caravan tourism is growing in popularity. The location and design of parks and other specific requirements for their development are outlined in policies that governments have issued. These initiatives and development projects promote the camping and caravanning industry. Caravan tourism has resulted in a significant focus on the tourism sector, especially in developing economies. During the forecast period, this will probably have a favorable effect on the market.
Rising Popularity of Caravanning Drives Market Growth
Caravanning has several benefits over traditional vacationing, which is why it is becoming more and more popular. Budget-wise, traveling by caravan is typically more affordable than a conventional vacation. Additionally, traveling by caravan is considered practical in areas with a lot of found at parking. In addition, compared to traditional vacationing, it gives travelers much freedom and puts them in greater control of their trip. Caravan tourism is becoming increasingly popular because it provides visitors flexibility and freedom by ensuring they are in a secure and comfortable travel bubble. For instance, in India, Kerala Tourism has started an intensive marketing drive to showcase and promote its Caravan Tourism initiative across India, following the success of its roadshows in Europe and the Middle East and various partnership meetings in four major Indian metropolises. It seeks to improve its standing as a popular international destination and a hub for secure vacations for domestic and international tourists.
Increasing Aging Population is Driving Market Growth
The increasing aging population is boosting the demand for caravanning in developed and developing nations, and the rising number of people taking early retirements encourages the market's growth prospects. The need for services in the caravanning industry has also been fueled by the growing number of millennials who regularly go camping. Over the past few years, they have increased their spending on leisure activities. A significant trend in the camping and caravanning industry is increased participation in outdoor activities.
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Market Segmentation
Company Profile
Bourne Leisure Holdings Limited, Camping Caravaning Internacional Palamós, Kampgrounds Of America, Inc., VACANCESELECT , Parkdean Resorts, Vacansoleil, Pierre & Vacances, Hipcamp,
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2021 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Type · Traveler Type · Age Group · Region |
Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
Country Scope | United States, Canada, Mexico, Russia, Germany, France, United Kingdom, Italy, China India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
Key Companies Profiled | Bourne Leisure Holdings Limited, Camping Caravaning Internacional Palamós Kampgrounds of America, Inc., VACANCESELECT , Parkdean Resorts, Vacansoleil, Pierre & Vacances, Hipcamp, Trippy Wheels, Green Dot Expeditions, etc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |