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(USGovernment-News.Com, December 11, 2018 ) The global camping and caravanning market, a part of the hospitality industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period. The growth is mainly due affordable camping means and growing awareness about camping industry. The affordability and comfort offered by campgrounds was a major driver of this market in 2011 to 2015.
In the forecast period, the global camping and caravanning market size is expected to be over $55 billion by 2021, growing at a CAGR of nearly 6%. This is due to rising health awareness, rising disposable income and increasing recreational and camping activities in various regions. These activities include camping, fishing, hiking, trail running and other outdoor activities.
Growing awareness of sustainable living is encouraging campers to practice environment-friendly camping. These include using reusable utensils and cutlery, natural mosquito repellents, solar lamps and chargers, refillable water bottles, eco-friendly sleeping bags, tents and other camping equipment. For instance, The Big Island, in Hawaii is a popular ecofriendly farm promoting sustainable living. Major companies in the camping and caravanning market, offering new camping technology include Equity Lifestyle Properties, Sun Communities, Parkdean Resorts, Siblu, Discovery Holiday Parks, Jellystone Park.
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