Camping out: Steady economic growth and aging baby boomers will propel industry growthAbstractCampgrounds & RV Parks in the US
Over the past five years, the Campgrounds and RV Parks industry has experienced steady growth. The industry is primarily driven by travel-related trends, as trips to campgrounds and RV parks are viewed as cost-efficient alternatives to traditional vacations. Over the five years to 2017, industry revenue growth was supported by a rebound in recreational vehicle sales, an increasing baby boomer population and rising levels of per capita disposable income. Over the next five years, revenue is expected to rise, as oil and gas prices are expected to remain low. Improvements in the broader economy, as well as an aging population, are expected to continue to support industry revenue growth as well.
This industry operates recreational vehicle (RV) parks and campgrounds, as well as recreational and vacation camps. The industry also includes trailer and caravan parks and wilderness camps. Industry establishments cater to outdoor enthusiasts but commonly provide access to facilities such as washrooms, laundry rooms, recreation halls and playgrounds.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.