Camping out: Steady economic growth and aging baby boomers will propel industry growth

Over the past five years, the Campgrounds and RV Parks industry has experienced steady growth. The industry is primarily driven by travel-related trends, as trips to campgrounds and RV parks are viewed as cost-efficient alternatives to traditional vacations. In the coming years, increasing fuel prices and an appreciating dollar are expected to temper industry growth. However, improvements in the broader economy, as well as an aging population, will support industry revenue growth...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
1.7%
Forecast Growth 16-21
Profit
Employment
50,288
Businesses
14,420
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • To the benefit of industry operators, baby boomers have more leisure time available for vacation
  • Improving credit conditions and pent-up demand boosted sales and shipments of RVs
  • Higher oil and gas prices could potentially dampen industry revenue
  • Industry Report - Industry Key Buyers Chapter

    The Campgrounds and RV Parks industry has low market share concentration, with the three largest companies in the industry controlling less than 10.0% of industry revenue. The industry is comprised of mostly smaller establishments, as according to Census data and IBISWorld estimates, an estimated 94.2% of industry establishments have less than 20 employees. However, consolidation in the industry has become more commonplace. Low interest rates have provided the industry's largest companies with access to capital and sound amounts of financial resources, allowing them to expand, consolidate and upgrade existing properties. An example of such a consolidation was Equity LifeStyle Properties acquisition of Thousand Trails. In ...purchase to read more.

    Additional Insights for the Campgrounds & RV Parks Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Campgrounds & RV Parks Industry are

  • Appropriate climatic conditions
  • Access to multiskilled and flexible workforce
  • Membership of an industry organization
  • IBISWorld analysts also discuss how external factors such as Demand from recreational vehicle dealers and Domestic trips by US residents in the Campgrounds & RV Parks industry impact industry performance..

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    What is the Campgrounds & RV Parks Industry?

    This industry operates recreational vehicle (RV) parks and campgrounds, as well as recreational and vacation camps. The industry also includes trailer and caravan parks and wilderness camps. Industry establishments cater to outdoor enthusiasts but commonly provide access to facilities such as washrooms, laundry rooms, recreation halls and playgrounds.

    Industry Products
  • Campground membership, tuition and long term fees
  • RV and tent sites for travelers and others
  • Other unit accommodations and service fees
  • Industry Activities
  • Operating campgrounds
  • Operating RV parks
  • Operating overnight recreational camps
  • Operating travel trailer and caravan campsites
  • Operating wilderness camps
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from recreational vehicle dealers
  • Domestic trips by US residents
  • Per capita disposable income
  • Number of adults aged 50 and older
  • Trade-weighted index
  • Inbound trips by non-US residents

  • Current Performance
  • Rising sales and favorable demographics
  • Consolidation and employment growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Positive factors and future threats
  • RV sales
  • Profitability and structure
  • Table: Campgrounds & RV Parks Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Campgrounds & RV Parks Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Manufactured Home Dealers
  • Utilities

  • Products & Services
  • Campground membership, tuition and long term fees
  • RV and tent sites for travelers and others
  • Other unit accommodations and service fees
  • Chart: Campgrounds & RV Parks Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 34 and under
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Campgrounds & RV Parks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other Expenses
  • Chart: Cost Structure Benchmarking – Sector vs Campgrounds & RV Parks

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Campgrounds & RV Parks Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Campgrounds & RV Parks Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Campgrounds & RV Parks Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per Capita Disposable Income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Baby Boomer
  • Consumers born between 1946 and 1964 who account for a major proportion of the US population.
  • Campgrounds
  • Sites where people on vacation can pitch a tent.
  • Recreational Vehicle (Rv)
  • A vehicle that combines transport and temporary living quarters for travel, recreation and camping.
  • Travel Trailer
  • A vehicle attached to an automobile and used as a mobile home or place of business, usually equipped with furniture, kitchen facilities and a bathroom.
  • Why buy this report?

    The Campgrounds & RV Parks industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Campgrounds & RV Parks:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Campgrounds & RV Parks market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Campgrounds & RV Parks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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