Caravanning Market Size, Share, Growth Analysis, By Traveler Type(Domestic and International), By Caravan Type(Towable Caravan and Motorized), By Travelers’ Age Group(Below 30, 30-54 and 55 & above), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Caravanning Market?

Global Caravanning Market size was valued at around USD 21.2 billion in 2021 and is expected to rise from USD 24.08 billion in 2022 to reach a value of USD 66.9 Billion by 2030, at a CAGR of 13.6% during the forecast period (2023–2030).

Report ID: SQMIG25I2028 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 85 | Figures: 76

Caravanning Market News

In February 2022, Richmond Holiday Centre, a family-run campground for RVs, was purchased by Haven Leisure. To grow its business even more, Haven Leisure is still searching for comparable opportunities.

In January 2022, The UK-based operator of vacation parks Parkdean Resorts purchased Hanson European Caravan Transport, a static caravan transportation business with its headquarters in Yorkshire.

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Caravanning Market size was valued at around USD 21.2 billion in 2021 and is expected to rise from USD 24.08 billion in 2022 to reach a value of USD 66.9 Billion by 2030, at a CAGR of 13.6% during the forecast period (2023–2030).

The competitive landscape of the caravanning market is characterized by the presence of a large number of players, both large and small, operating in different segments of the market. These players compete for the top position in the competition based on factors such as product quality, price, innovation, and distribution network. These companies manufacture a range of caravans and RVs, including travel trailers, fifth wheels, motorhomes, and campervans. They have a presence and operate through a network of dealers and distributors. In addition to these key players, there are many other players in the market, including regional players and niche players that focus on specific segments of the market. 'Thor Industries Inc.', 'Forest River Inc.', 'Winnebago Industries Inc.', 'Jayco Inc.', 'Knaus Tabbert GmbH', 'Hymer AG', 'Swift Group Ltd.', 'Coachmen RV', 'Tiffin Motorhomes Inc.', 'Airstream Inc.', 'Cruiser RV', 'Grand Design RV LLC', 'Keystone RV Company', 'Gulf Stream Coach Inc.', 'Palomino RV', 'Northwood Manufacturing Inc.', 'Roadtrek Motorhomes Inc.', 'Oliver Travel Trailers', 'Livin' Lite Recreational Vehicles', 'Taxa Outdoors'

More people are becoming interested in outdoor activities, such as camping and road trips. This has increased demand for caravans and RVs as they provide a comfortable and convenient way to travel and stay outdoors.

Growing demand for lightweight and compact caravans: There is a growing trend towards lightweight and compact caravans that are easier to tow and maneuver. These caravans are ideal for smaller families and couples who want a more agile and fuel-efficient option for their outdoor adventures.

In 2022, Europe dominated the caravanning sector with a 49.2% market share. Residents of the continent pay a significant share of travel expenses because of the high levels of disposable income in European countries. Due to the area's high level of tourism attractiveness and the sizable population of individuals with high discretionary income, there is a considerable clientele for caravanning. The majority of caravans are also found in Europe compared to other regions.

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Caravanning Market Size, Share, Growth Analysis, By Traveler Type(Domestic and International), By Caravan Type(Towable Caravan and Motorized), By Travelers’ Age Group(Below 30, 30-54 and 55 & above), By Region - Industry Forecast 2024-2031

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