Happy camper: Increased disposable income and solid RV sales will foster industry revenue growth

Over the past five years, the Campgrounds and Recreational Vehicle (RV) Parks industry in Canada has experienced relatively strong growth. Industry operators largely depend on travel-related trends to drive revenue growth; these trends include RV sales, disposable income and demographic shifts. Fortunately for industry operators, consumer conditions have improved over the past five years, with rising levels of disposable income enabling many individuals to invest in nonessential purchases, such as RVs and extended camping vacations. Moving forward, the industry is poised to continue expanding as improving economic conditions and the aging of the Canadian population continue to stimulate demand for industry services...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
3.8%
Forecast Growth 18-23
Profit
Employment
16,678
Businesses
5,544
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators largely depend on travel-related trends to drive revenue growth
  • Older individuals represent a key demographic for both RV dealers and industry operators
  • The prospect of a relatively weak Canadian dollar will also benefit the industry
  • Industry Report - Starting a New Business Chapter

    The Campgrounds and Recreational Vehicle (RV) Parks industry in Canada has low barriers to entry. Industry operators typically experience relatively low start-up costs, though growing consumer demand for activities and amenities at RV parks and campgrounds has driven up industry capital costs over the past five years, and this trend is expected to continue over the five years to 2023. The strong brand reputations of established operators could also prove to be deterrents for new entrants. Company websites and online review platforms have made it easy for consumers to find reviews of campgrounds and RV parks. Com...purchase to read more.

    Additional Insights for the Campgrounds & Recreational Vehicle Parks Industry

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

  • Appropriate climatic condition
  • Access to flexible workforce
  • Membership in an industry organization
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Per capita disposable income in the Campgrounds & Recreational Vehicle Parks industry impact industry performance..

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    What's in this report

    What is the Campgrounds & Recreational Vehicle Parks Industry?

    This industry operates recreational vehicle parks and campgrounds that accommodate campers and their equipment. It includes trailer and caravan parks, vacation camps and children’s summer and wilderness camps. These establishments may also provide access to facilities such as washrooms, laundry rooms, snack bars, recreation halls and playgrounds.

    Industry Products
  • Overnight recreational camps
  • RV parks and recreational grounds
  • Food and beverages
  • Room accommodations
  • Souvenirs
  • Industry Activities
  • Operating and maintaining campgrounds
  • Operating and maintaining RV parks
  • Operating and maintaining overnight recreational camps
  • Operating and maintaining travel trailer and caravan campsites
  • Operating and maintaining 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
  • Number of adults aged 65 and older
  • Per capita disposable income
  • Demand from recreational vehicle dealers
  • World price of crude oil

  • Current Performance
  • Improving consumer conditions
  • Favourable demographics
  • Investment trends and industry expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Shifting demographics
  • Profit and participation
  • Table: Campgrounds & Recreational Vehicle Parks Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada
  • Tour Operators in Canada

  • Key Selling Industries
  • Billboard & Sign Manufacturing in Canada
  • Travel Agencies in Canada
  • Utilities In Canada

  • Products & Services
  • RV parks and recreational grounds
  • Overnight recreational camps
  • Other
  • Room accommodations
  • Food and beverages
  • Souvenirs
  • Chart: Campgrounds & Recreational Vehicle Parks Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 35 to 54
  • Consumers aged 55 to 64
  • Consumers aged 34 and under
  • Consumers aged 65 and over
  • Chart: Major Market Segmentation for the Campgrounds & Recreational Vehicle Parks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Campgrounds & Recreational Vehicle Parks

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Campgrounds & Recreational Vehicle 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 & Recreational Vehicle 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 & Recreational Vehicle Parks Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and over (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomer
  • Consumers born between 1946 and 1964 who account for a major proportion of the US population.
  • 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 Campgrounds & Recreational Vehicle Parks market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 & Recreational Vehicle 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 & Recreational Vehicle 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 & Recreational Vehicle Parks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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