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Insights on the Camping and Caravanning Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com
February 19, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 19, 2021
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The global camping and caravanning market is expected to grow from $39.85 billion in 2020 to $45.07 billion in 2021 at a compound annual growth rate (CAGR) of 13.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $56.6 billion in 2025 at a CAGR of 6%.
Scope of Global Recreational Vehicle Market Report-
Motor vehicle or trailer which includes living rooms that designed for accommodation is nothing but the recreational vehicle that often abbreviated as RV. It can be in the form of van or utility vehicle that used for recreational purposes such as camping and it is often equipped with living facilities. Major type of RVs includes campervans, motorhomes, caravans that also known as travel trailers and camper trailers, popup campers, fifth-wheel trailers and truck campers. Typical facilities of this RV include a bathroom, a kitchen and one or more sleeping facilities. RVs can range from the serviceable that containing only sleeping quarters and basic cooking facilities to the luxurious with features such as water heaters, air conditioning (AC), quartz countertops and televisions & satellite receptors. It provides benefits such as its travel gives user a total flexibility, its travel is cheaper, It’s a unique way to connect with natu