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Caravans Global Market Report 2024

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • The Business Research Company
  • ID: 5806878
The caravans market size has grown strongly in recent years. It will grow from $15.51 billion in 2023 to $16.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The historical growth in the caravan industry can be attributed to various factors including the expansion of travel and tourism, increased popularity of staycations, effective marketing and promotional strategies, evolving recreational trends, demographic changes, and sustained economic stability. These elements collectively contributed to the advancement of the caravan sector.

The caravans market size is expected to see strong growth in the next few years. It will grow to $20.53 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. Anticipated growth in the upcoming period within the caravan industry can be credited to several factors, including the integration of green and sustainable features, the increase in disposable income among consumers, government incentives supporting the industry, the rise of health and wellness tourism, and customized offerings tailored to cater to the aging population. Major trends expected in the forecast period encompass innovative designs and features, enhanced digital connectivity within caravans, the development of compact and lightweight models, integration of luxury and high-end amenities, incorporation of renewable energy sources, and collaborations with the travel and hospitality sectors to broaden market reach.

The anticipated surge in tourism is projected to drive the growth of the caravan market in the coming years. Tourism, encompassing personal, business, and professional travel outside one's home region, stands as a significant social, cultural, and economic phenomenon. Caravans, purpose-built vehicles conducive to family-oriented tours, become especially relevant in circuits and destinations lacking sufficient hotel accommodations. As evidence, data from June 2022, as reported by the World Economic Forum, revealed a substantial 182% increase in international tourism during the first quarter of 2022, compared to a mere 5% growth in 2021. This surge underscores the direct correlation between growing tourism demand and the flourishing caravan market.

The escalating prevalence of outdoor recreational activities is poised to fuel the expansion of the caravans market. Outdoor recreational pursuits and sports set against natural environments find caravans as an integral component, providing a mobile and flexible accommodation solution. The appeal lies in cost-effective travel, convenience, reduced environmental impact, flexible itineraries, and the ability to tailor vehicles to individual preferences. Supporting this trend, statistics from January 2022, sourced from the US-based Outdoor Industry Association (OIA), indicate a 2.2% increase in participants engaging in outdoor recreation, totaling 164.2 million individuals in 2021. The robust growth in outdoor activities contributes significantly to the upward trajectory of the caravans market.

Product innovation emerges as a prominent trend gaining traction in the caravan market, with major industry players introducing novel offerings to maintain their market standing. Notably, in July 2022, ATC, a US-based manufacturer specializing in aluminum RVs and trailers, unveiled the Pla 500 Series and Pla 700 Series. These series, replacing the ATC Game Changer and Game Changer Pro, encompass travel trailer and fifth-wheel toy hauler variants. Distinguished by high-quality, fully integrated aluminum construction, the Pla 500 Series mirrors the features of the 700 Series, including permanently mounted furniture. A noteworthy addition is the Firefly Integrations multiplex touchscreen control, empowering ATC owners to operate and monitor essential RV functions and features through a touchscreen or smartphone app. This innovative approach underscores the industry's commitment to advancing products and meeting evolving consumer needs.

Prominent companies within the caravans market are strategically leveraging cutting-edge technologies, such as seal healing fiber frame technology, to drive revenue growth. This innovative approach involves integrating self-healing properties into fiber-reinforced frames, providing automatic repair of minor damages over time and thereby enhancing overall durability and structural integrity. A notable example is Knaus Tabbert AG, a Germany-based company renowned for caravan and motorhome manufacturing, which introduced seal healing fiber frame technology in July 2022. The implementation of this fiber frame technology not only streamlines the production process but also elevates the structural robustness of the caravans. Anticipated benefits include heightened production accuracy and efficiency, resulting in consistently high-quality manufactured caravans. Moreover, the technology contributes to the increased value, stability, and sustainability of the vehicles by rendering them more durable and stable.

In February 2021, KABE Group AB, a Sweden-based entity engaged in vehicle manufacturing, undertook the acquisition of Coachman, an UK-based caravan manufacturer, for an undisclosed amount. This acquisition plays a pivotal role in fortifying KABE's position in the caravans market, fostering enhanced collaboration in crucial areas such as sales, product development, purchasing, and the exchange of production technology. The synergy created by this strategic acquisition positions KABE Group to capitalize on shared expertise and resources, further solidifying its foothold in the competitive caravan industry.

Major companies operating in the caravans market report are Thor Industries Inc., Forest River Inc., Winnebago Industries Inc., Fendt Caravan GmbH, Erwin Hymer Group, Knaus Tabbert AG, Hobby-Wohnwagenwerk Ing. Harald Striewski, Dethleffs GmbH & Co. KG, Gulf Stream Coach Inc., REV Recreation Group, SpaceCraft MFG., Caravan Manufacturing Company Inc., Adria Mobil, Airstream, Freedom Caravans, Trigano SA, Swift Group, Roppen Transportation Services Private Limited, Nexus RV LLC, Northwood Manufacturing, Lunar Caravans Ltd., Triple E Recreational Vehicles, Bailey of Bristol, Hymer AG, Carthago Reisemobilbau GmbH, Bürstner GmbH & Co. KG, Laika Caravans S.p.A., Roller Team, Auto-Trail, ELDDIS TRANSPORT LIMITED .

Europe was the largest region in the caravans market in 2023. Europe is expected to be the fastest-growing region in the caravan market report during the forecast period. The regions covered in the caravans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the caravans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primary caravan categories comprise travel trailers and fifth wheels. A travel trailer is a mobile dwelling unit with living amenities, suitable for travel, camping, or recreational activities. These trailers are often categorized by price range, delineating between standard and luxury models, adaptable for both residential and commercial purposes.

The caravans market research report is one of a series of new reports that provides caravans optical components market statistics, including caravans optical components industry global market size, regional shares, competitors with a caravans optical components market share, detailed caravans optical components market segments, market trends, and opportunities, and any further data you may need to thrive in the caravans optical components industry. This caravans optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Caravans Market Characteristics3. Caravans Market Trends and Strategies
4. Caravans Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Caravans Market Size and Growth
5.1. Global Caravans Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Caravans Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Caravans Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Caravans Market Segmentation
6.1. Global Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Travel Trailers
  • Fifth Wheels
6.2. Global Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Standard
  • Luxury
6.3. Global Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Residential
  • Commercial
7. Caravans Market Regional and Country Analysis
7.1. Global Caravans Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Caravans Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Caravans Market
8.1. Asia-Pacific Caravans Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Caravans Market
9.1. China Caravans Market Overview
9.2. China Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Caravans Market
10.1. India Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Caravans Market
11.1. Japan Caravans Market Overview
11.2. Japan Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Caravans Market
12.1. Australia Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Caravans Market
13.1. Indonesia Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Caravans Market
14.1. South Korea Caravans Market Overview
14.2. South Korea Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Caravans Market
15.1. Western Europe Caravans Market Overview
15.2. Western Europe Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Caravans Market
16.1. UK Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Caravans Market
17.1. Germany Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Caravans Market
18.1. France Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Caravans Market
19.1. Italy Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Caravans Market
20.1. Spain Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Caravans Market
21.1. Eastern Europe Caravans Market Overview
21.2. Eastern Europe Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Caravans Market
22.1. Russia Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Caravans Market
23.1. North America Caravans Market Overview
23.2. North America Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Caravans Market
24.1. USA Caravans Market Overview
24.2. USA Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Caravans Market
25.1. Canada Caravans Market Overview
25.2. Canada Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Caravans Market
26.1. South America Caravans Market Overview
26.2. South America Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Caravans Market
27.1. Brazil Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Caravans Market
28.1. Middle East Caravans Market Overview
28.2. Middle East Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Caravans Market
29.1. Africa Caravans Market Overview
29.2. Africa Caravans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Caravans Market, Segmentation by Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Caravans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Caravans Market Competitive Landscape and Company Profiles
30.1. Caravans Market Competitive Landscape
30.2. Caravans Market Company Profiles
30.2.1. Thor Industries Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Forest River Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Winnebago Industries Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Fendt Caravan GmbH
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Erwin Hymer Group
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Global Caravans Market Competitive Benchmarking32. Global Caravans Market Competitive Dashboard33. Key Mergers and Acquisitions in the Caravans Market
34. Caravans Market Future Outlook and Potential Analysis
34.1 Caravans Market in 2028 - Countries Offering Most New Opportunities
34.2 Caravans Market in 2028 - Segments Offering Most New Opportunities
34.3 Caravans Market in 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic and Forecast Inflation Rates
35.4. Research Inquiries
35.5. About the Analyst
35.6. Copyright and Disclaimer

Executive Summary

Caravans Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on caravans market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for caravans? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This caravans market global report answers all of these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Travel Trailers; Fifth Wheels

2) By Price: Standard; Luxury

3) By Application: Residential; Commercial

Companies Mentioned: Thor Industries Inc.; Forest River Inc.; Winnebago Industries Inc.; Fendt Caravan GmbH; Erwin Hymer Group

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Thor Industries Inc.
  • Forest River Inc.
  • Winnebago Industries Inc.
  • Fendt Caravan GmbH
  • Erwin Hymer Group
  • Knaus Tabbert AG
  • Hobby-Wohnwagenwerk Ing. Harald Striewski
  • Dethleffs GmbH & Co. KG
  • Gulf Stream Coach Inc.
  • REV Recreation Group
  • SpaceCraft MFG.
  • Caravan Manufacturing Company Inc.
  • Adria Mobil
  • Airstream
  • Freedom Caravans
  • Trigano SA
  • Swift Group
  • Roppen Transportation Services Private Limited
  • Nexus RV LLC
  • Northwood Manufacturing
  • Lunar Caravans Ltd.
  • Triple E Recreational Vehicles
  • Bailey of Bristol
  • Hymer AG
  • Carthago Reisemobilbau GmbH
  • Bürstner GmbH & Co. KG
  • Laika Caravans S.p.A.
  • Roller Team
  • Auto-Trail
  • ELDDIS TRANSPORT LIMITED