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. Over the five years to 2017, industry revenue growth was supported by a rebound in recreational vehicle sales, an increasing baby boomer population and rising levels of per capita disposable income. Over the next five years, revenue is expected to rise, as oil and gas prices are expected to remain low. Improvements in the broader economy, as well as an aging population, are expected to continue to support industry revenue growth as well...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Baby boomers are wealthier now than ever before, which has benefited industry operators, as they have leisure time available
  • Operators in this industry commonly compete based on amenities
  • Industry operators are negatively affected by high and rising oil and gas prices
  • Industry Report - Starting a New Business Chapter

    The industry requires a medium and increasing level of capital. Consumer demand for more activities and amenities at RV parks and campgrounds has driven-up capital costs, and this trend is expected to continue over the five years to 2022. Facilities like pools, gyms and spas are not only expensive to build and maintain, but industry companies have to increasingly offer these amenities in order to stay competitive.The industry's overall fragmentation affords new participants an opportunity to enter into the market, specifically in geographic territories that have a low concentration of establishments. Even in these potentially underserved areas, another significant barrier to entry is securing zoning and building permits from local authorities. Aft...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's in this report

    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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Campgrounds & RV Parks provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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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