Global Camping and Caravanning Market to Reach $74.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Camping and Caravanning estimated at US$49.8 Billion in the year 2020, is projected to reach a revised size of US$74.5 Billion by 2027, growing at aCAGR of 5.9% over the period 2020-2027. Recreational Vehicle Parks & Campgrounds, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$28.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Recreational & Vacation Camps segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.5 Billion, While China is Forecast to Grow at 9.1% CAGR
The Camping and Caravanning market in the U.S. is estimated at US$13.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.9 Billion by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.We bring years of research experience to this 8th edition of our report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- ACCOR SA
- Hilton Worldwide Holdings Inc.
- Internacional Palamos
- Radisson Hotel Group