Market Size of Recreational Vehicle Parks And Campgrounds Industry
| 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 |
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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.
