RV (Recreational Vehicle) Parks and Campgrounds: Global Strategic Business Report

Global RV (Recreational Vehicle) Parks and Campgrounds Market to Reach $47.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for RV (Recreational Vehicle) Parks and Campgrounds estimated at US$34.6 Billion in the year 2020, is projected to reach a revised size of US$47.6 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Operating Campgrounds, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$12.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Operating RV Parks segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 7.3% CAGR

The RV (Recreational Vehicle) Parks and Campgrounds market in the U.S. is estimated at US$9.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.3 Billion by the year 2027.

Operating Overnight Recreational Camps Segment to Record 3.8% CAGR

In the global Operating Overnight Recreational Camps segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.7 Billion in the year 2020 will reach a projected size of US$7.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.7% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Campground of the Rockies (CORA)
• Kampgrounds of America, Inc.
• Pappy Hoel Campground and Resort
• Thousand Trails

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