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Campgrounds & Recreational Vehicle Parks in Canada - Industry Market Research Report

Publisher IBISWorld
Published Sep 27, 2024
Length 66 Pages
SKU # IBSS19342585

Description

Campgrounds & Recreational Vehicle Parks in Canada - Industry Market Research Report


Campgrounds & Recreational Vehicle Parks in Canada

Over the past five years, Canadian campgrounds and recreational vehicle (RV) parks have experienced modest growth. Operators primarily run RV parks and campgrounds that accommodate campers and provide amenities for a fee, so campgrounds and RV parks largely depend on travel-related trends to drive revenue growth. These trends include RV sales, disposable income and demographic shifts. In recent years, consumer conditions improved to the benefit of the industry. Rising levels of disposable income enabled many individuals to invest in nonessential purchases, including RVs and extended camping vacations. However, COVID-19 severely affected international and domestic travel and put a significant financial strain on many households. In 2020, industry revenue fell 34.3%, which constrained overall revenue growth during the period. Industry revenue is expected to grow at a CAGR of 2.1% to $2.7 billion over the past five years, including increasing 15.9% in 2023 alone. Despite revenue growth, industry profit is expected to decrease amid a difficult operating environment.

The Campgrounds and Recreational Vehicle Parks industry in Canada 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

66 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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