Recreational Vehicle Parks And Campgrounds Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 26.31 Billion |
| Market Size (2029) | USD 33.09 Billion |
| CAGR (2024 - 2029) | 4.69 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Recreational Vehicle Parks And Campgrounds Market Analysis
The Recreational Vehicle Parks And Campgrounds Market size is estimated at USD 26.31 billion in 2024, and is expected to reach USD 33.09 billion by 2029, growing at a CAGR of 4.69% during the forecast period (2024-2029).
The COVID-19 issue had a significant impact on the tourism industry worldwide. In the first half of 2020, this temporarily stopped the market's sales of recreational vehicles. The market's sluggish recovery and consumers' preference for camping over hotels, however, could spur market expansion during the anticipated timeframe. The market is anticipated to be in focus for the foreseeable future due to the significant proliferation of rental services in emerging nations.
The rise in active campers is contributing to the demand for RVs. The use of RVs for business purposes is expanding. Peer-to-peer rental services are predicted to become more popular among millennials, who use them more frequently. Also, the rising popularity of road trips as a break from daily life may boost market expansion. Recreational vehicle use has increased significantly worldwide since the shutdown, particularly in North America and Europe.
North America will probably dominate the market. Also, it can develop during the projection period due to the rapidly increasing number of regional campgrounds and recreational parks.
Recreational Vehicle Parks And Campgrounds Market Trends
Operating Overnight Recreational Camps Segment Booming the Market
The United States, Canada, Japan, China, and Europe are expected to be the segment's primary drivers, according to an estimated 3.4% CAGR. By the end of the analysis period, these regional markets, with a market value of more than USD 6 billion in 2022, were expected to grow to USD 7.1 billion in 2023. China is expected to continue to be one of these regional marketplaces with the strongest growth rates. The abundance of campgrounds with various amenities, such as fishing, whitewater rafting, hiking, and naturally beautiful scenery, presents a burgeoning business opportunity. Specialized sports facilities, including golf courses, tennis courts, health spas, and fine dining establishments, are provided at luxury RV resorts, which benefits market income.
Substantial Growth is Expected in North America
Recreational vehicle parks and campgrounds are popular in North America. Almost 11% of households in America own an RV, making it very common. In the US, almost 1 million households spend their entire time in recreational vehicles. The ability to travel for 20-60% less money is what makes RVs so popular with millennials. Almost 600,000 people are employed by the recreational vehicle parks, which makes a total USD 114 billion economic contribution to the US. The North American market for recreational vehicle parks will experience revenue growth over the coming years, led by the United States. In the years to come, the market for recreational vehicles in Canada could potentially experience significant expansion. On the other hand, through the end of 2024, the United States is expected to hold more than 80% of this regional market.
Recreational Vehicle Parks And Campgrounds Industry Overview
Intense competition exists in the global recreational vehicle parks and campgrounds market due to numerous producers who sell goods that immediately compete with one another regarding product attributes. Businesses are implementing partnerships, mergers, and acquisitions to grow their market share. Major players include Alaskan Anglers RV Park, Banyan Tree Al Wadi, Bourne Leisure Holdings Limited, Camping Flamboyant, and Camping Pod Lasem.
Recreational Vehicle Parks And Campgrounds Market Leaders
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Alaskan Anglers RV Park
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Banyan Tree Al Wadi
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Bourne Leisure Holdings Limited
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Camping Flamboyant
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Camping Pod Lasem
*Disclaimer: Major Players sorted in no particular order
Recreational Vehicle Parks And Campgrounds Market News
- December 2022: The company unveiled the largest full-service RV park in Ninilchik, Alaskan Angler. Spacious, flat sites with helpful staff and all the necessary support services are nearby rivers and beaches.,
- January 2022: A framework agreement was established by Ford and Erwin Hymer Group (EHG) for the delivery of motorhomes and recreational vehicles that were customer-ready and based on the Ford Transit and Ford Transit Custom.
Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitutes
- 4.4.5 Intensity of Competitive Rivalry
- 4.5 Insights of Technology Innovations in the Market
- 4.6 Insights on Government Regulations and Industry Policies
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Vehicle Type
- 5.1.1 Motorhomes
- 5.1.1.1 Class A
- 5.1.1.2 Class B
- 5.1.1.3 Class C
- 5.1.1.4 Rockstar Motorhomes
- 5.1.2 Trailers
- 5.1.2.1 5th Wheel Trailers
- 5.1.2.2 Travel Trailers
- 5.1.2.3 Tent Trailer
- 5.1.2.4 Retro Trailer
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5.2 By Price
- 5.2.1 Standard
- 5.2.2 Luxury
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5.3 By End-Use
- 5.3.1 Individual
- 5.3.2 Fleet Owners
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5.4 By Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia-Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Alaskan Anglers RV Park
- 6.1.2 Banyan Tree Al Wadi
- 6.1.3 Bourne Leisure Holdings Limited
- 6.1.4 Camping Flamboyant
- 6.1.5 Camping Pod Lasem
- 6.1.6 Discovery Parks Private Limited
- 6.1.7 Easycamp
- 6.1.8 Elangeni Holiday Resort
- 6.1.9 Ellevacanze
- 6.1.10 Equity Lifestyle Properties*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityRecreational Vehicle Parks And Campgrounds Industry Segmentation
The most typical use of recreational vehicles (RVs) while traveling is temporary lodging. But, because of advantages like easily towable units, low fuel consumption, lower maintenance and insurance expenses, and depreciation value, some people utilize them as their primary house. The Global Recreational Vehicle Parks and Campgrounds are segmented by vehicle type (Motorhomes (Class A, Class B, Class C, rockstar motorhomes)), trailers (5th wheel trailers, travel trailers, tent trailers, retro trailers), price (standard, luxury), end use (individuals, fleet owners), and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). In addition, the report offers market size and forecast for the global recreational vehicle parks and campgrounds market in value (USD billion) for all the above segments.
| By Vehicle Type | Motorhomes | Class A |
| Class B | ||
| Class C | ||
| Rockstar Motorhomes | ||
| By Vehicle Type | Trailers | 5th Wheel Trailers |
| Travel Trailers | ||
| Tent Trailer | ||
| Retro Trailer | ||
| By Price | Standard | |
| Luxury | ||
| By End-Use | Individual | |
| Fleet Owners | ||
| By Geography | North America | |
| Europe | ||
| Asia-Pacific | ||
| Latin America | ||
| Middle East & Africa |
Frequently Asked Questions
How big is the Recreational Vehicle Parks And Campgrounds Market?
The Recreational Vehicle Parks And Campgrounds Market size is expected to reach USD 26.31 billion in 2024 and grow at a CAGR of 4.69% to reach USD 33.09 billion by 2029.
What is the current Recreational Vehicle Parks And Campgrounds Market size?
In 2024, the Recreational Vehicle Parks And Campgrounds Market size is expected to reach USD 26.31 billion.
Who are the key players in Recreational Vehicle Parks And Campgrounds Market?
Alaskan Anglers RV Park, Banyan Tree Al Wadi, Bourne Leisure Holdings Limited, Camping Flamboyant and Camping Pod Lasem are the major companies operating in the Recreational Vehicle Parks And Campgrounds Market.
Which is the fastest growing region in Recreational Vehicle Parks And Campgrounds Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Recreational Vehicle Parks And Campgrounds Market?
In 2024, the North America accounts for the largest market share in Recreational Vehicle Parks And Campgrounds Market.
What years does this Recreational Vehicle Parks And Campgrounds Market cover, and what was the market size in 2023?
In 2023, the Recreational Vehicle Parks And Campgrounds Market size was estimated at USD 25.13 billion. The report covers the Recreational Vehicle Parks And Campgrounds Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Recreational Vehicle Parks And Campgrounds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Recreational Vehicle Parks And Campgrounds Industry Report
Statistics for the 2024 Recreational Vehicle Parks And Campgrounds market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Recreational Vehicle Parks And Campgrounds analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
