Consumer Report Best Windows for New House Pella
Study Overview
The global glamping marketplace size was valued at USD one.88 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2022 to 2028. Staycations practise not permit people to venture too far out simply allow them a wide range of destinations to cull from during their time off. This is expected to have a positive touch on on the market growth wherein consumers who prefer holidaying amongst nature luxuriously tin can likewise appoint in different enjoyable activities provided past various glamping resorts. As per a report published past Kampgrounds of America, Inc., in 2019, 67% of the consumers concord that glamping provides a unique outdoor experience, 63% desire their glamping feel to come with services and civilities that aren't available with camping, and 56% say that they want to stay in unique accommodations. These factors are acting as major drivers for the market.
Glamping is particularly appealing to travelers who want to spend time outdoors, merely who don't want to camp in traditional ways. Travelers who do not military camp say that glamping allows them to feel the outdoors in comfort (83%), take the services and civilities not associated with traditional camping (63%), and alleviates some of the "work" associated with more traditional forms of camping (27%). Additionally, it appears that glamping is meeting the needs of this group (non-campers) when information technology comes to gaining the de-stressing benefits of spending time outdoors but with the comforts akin to a hotel or resort - 81% of those who accept already tried glamping are open to the possibility of trying it once more. Moreover, amongst all the leisure travelers in North America, 30% have done glamping in 2019. These factors are expected to back up the market growth over the forecast menses.
Interest in glamping is robust amongst consumers in 2022 i.e. postal service Covid-19 recovery. 38% of the campers were interested in glamping experience in May 2022 and September 2020. Still, 28% of the prospective campers were interested in glamping experience in May 2022 and September 2020. Gen X (45%) and millennial (42%) campers are the well-nigh interested in glamping experiences.
Age Group Insights
The eighteen - 32 years historic period grouping segment dominated the market with a share of 44.6% in 2020. This is attributed to the growing trend of camping among this population. According to studies by Kampgrounds of America, Inc. (KOA), 60% of leisure travelers in N America, who reported to have glamped in the past two years, are a function of the millennial or Gen Z generations, which makes this action the most trending amongst the younger population.
The 33 - l years age group segment is expected to expand at a CAGR of 14.1% from 2022 to 2028. The growth is attributed owing to the group's financial liberty and loftier expenditure ability. According to a report by KOA, leisure traveler participation in glamping by generations comprises 48% of millennials and 28% of Gen Ten in North America in 2019. Glamping amenities including Wi-Fi , kitchens, private bathrooms, linen service, pools, and other such recreational activities offer greater scope for consumers looking for camping ground with luxury. For instance, 50% of glampers prefer to have Wi-Fi in their accommodation. Thus, the market is expected to witness the rising importance of glamping in this age category over the projected years.
Adaptation Type Insights
Cabins and pods dominated the market with a share of 45.7% in 2020. This is attributed to the rising importance of travelers to be a part of an immersive experience without compromising on the luxuries, which has influenced campers with luxurious accommodations, such as cabins and pods. For instance, Pitchup.com, a U.K.-based visitor, witnessed growth in bookings for cabins by 102% and pods by 73% in January 2018.
Tents are expected to expand at a CAGR of 14.1% from 2022 to 2028. The tents accommodation type segment is estimated to be the second-largest and second-fastest-growing segment over the forecast flow. Representing the traditional style of camping ground, tents offer infrequent views owing to their wide windows, along with various civilities. The growing trend of hosting weddings, corporate events, and parties in off-filigree locations with stunning views is also one of the primary growth drivers for the segment. Moreover, various players in the market are focusing on growing accommodation offerings in the segment. For case, in September 2019, LuxeTenten, the European Glamping Company, acquired Glamping Lodges, one of the largest producers of safari tents in the Netherlands.
Regional Insights
Europe dominated the marketplace with a share of 34.9% in 2020. This is attributed to the holidaymakers in Europe who have been trying to requite glamping a whole new face as it offers people the experience of a hotel among nature. France is 1 of the cardinal countries that promotes glamping for its people with 8,000 campsites across the country only second to the U.Due south. The starting time five-star glamping site in France was launched in 2010, however a decade since that, investors have been collaborating with camping ground companies in order to aggrandize the glamping business in the country. France now comprises 221 five-star campsites and 1,171 four-star glamping sites across the country.
Northward America is expected to expand at the fastest CAGR of sixteen.7% from 2022 to 2028. The two nigh salient variables are recent camping ground experience and willingness to travel to less pop destinations to avert overcrowding. Travelers who have previous experience are more than probable to appoint in the same experience postal service-COVID-19. As per a report published by Christopher A. Craig from the University of Arkansas, in the Northeast part of the U.S., this effect is starker where recent travelers who camped are 4.29 times and 2.70 times more probable to consider tent camping ground and glamping, respectively. Canadian campers have been showing increasing interest in traditional camping, even so, notwithstanding shut to half of the Canadian population, which is about 46% are interested in the glamping experience.
Music festivals have grown into i of the largest coin-making industries in the U.Southward. on account of the various music festivals that have place in the country, including Coachella, Lollapalooza, and Outside Lands.
Organizers of these concerts sell tickets and offering adaptation in luxurious tents for the people attending. Glamping is virtually common at music festivals. Marriott, 1 of the largest hotel companies in the globe, opened its offset glamping resort in Indonesia. In the year 2017, the company collaborated with Coachella, one of the largest music festivals in the U.Due south., in lodge to offering its new luxury tents to consumers willing to pay a little higher amount on top of the cost of the ticket.
Key Companies & Market Share Insights
Considering the growth, the manufacture is witnessing loftier investments. The EBITDA margins are high, the upfront development costs are low, and the overall proposition is gaining traction amid the investment community. For instance, in 2019, Autocamp received an investment of USD 115 One thousand thousand from investor Whitman Peterson, HipCamp received an investment of USD 41.8 Million from investors including Andreesen Horowitz, Benchmark Capital letter, Yes VC, Baronial Capital, O'Reilly Blastoff Tech, Marcy Venture Partners (Jay-Z), and Dreamers Fund (Volition Smith), Getaway received an investment of USD 22.5 Meg from investor Starwood Capital Group, and Collective Retreats received an investment of USD 12.v Million from investors including individual investors, BBG Ventures, and Altos Ventures. Similarly, in 2020, Tentrr received an investment from investors including Obvious Ventures, West, and about recently a individual $four.6M investment (March 2020).
Companies in the marketplace are focusing on mergers and acquisitions equally a strategic initiative to increase the geographical footprint and somewhen proceeds market share in the growing industry. For case, in 2019, Baillie Lodges entered into a joint venture with an chapter of KSL Capital letter Partners, LLC (KSL) heralding an exciting new chapter in Baillie Lodges' quest to deliver Commonwealth of australia'due south finest collection of luxury lodges. Some prominent players in the global glamping market include:
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The Final All-time Beef LLC
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Nether Canvas
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Collective Retreats
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Tentrr
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Eco Retreats
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Baillie Lodges
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Nightfall Camp Pty Ltd.
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Tanja Lagoon Camp
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Wildman Wilderness Lodge
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Newspaper Bark Military camp
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PurePods
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Getaway Firm, Inc.
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Hoshino Resorts Inc.
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AfriCamps Boutique Camping
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In2thewild Tiny Holidays
Glamping Market Report Scope
Report Attribute | Details |
Market size value in 2021 | USD ii.35 billion |
Revenue forecast in 2028 | USD 5.41 billion |
Growth Rate | CAGR of 14.1% from 2022 to 2028 |
Base yr for interpretation | 2020 |
Historical data | 2016 - 2019 |
Forecast period | 2021 - 2028 |
Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2028 |
Report coverage | Revenue forecast, visitor ranking, competitive mural, growth factors, and trends |
Segments covered | Adaptation type, age grouping, region |
Regional scope | North America; Europe; Asia Pacific; Key & South America; MEA |
Country telescopic | U.S.; Italy; U.K.; Australia; Republic of india; Brazil; S Africa |
Key companies profiled | The Last Best Beefiness LLC; Under Sheet; Collective Retreats; Tentrr; Eco Retreats; Baillie Lodges; Nightfall Military camp Pty Ltd.; Tanja Lagoon Camp; Wildman Wilderness Guild; Paper Bark Military camp; PurePods; Getaway House, Inc.; Hoshino Resorts Inc.; AfriCamps Boutique Camping ground; In2thewild Tiny Holidays |
Customization scope | Free study customization (equivalent upwardly to 8 analysts working days) with purchase. Add-on or alteration to country, regional & segment scope. |
Pricing and buy options | Avail customized buy options to see your verbal research needs. Explore purchase options |
Segments Covered in the Written report
This report forecasts revenue growth at the global, regional, and state levels and provides an assay of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2028. For the purpose of this study, Grand View Enquiry has segmented the global glamping market study on the basis of adaptation blazon, age group, and region:
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Accommodation Type Outlook (Revenue, USD One thousand thousand, 2022 - 2028)
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Cabins and Pods
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Tents
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Yurts
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Treehouses
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Others
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Age Grouping Outlook (Revenue, USD Million, 2022 - 2028)
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18 - 32 years
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33 - 50 years
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51 - 65 years
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Above 65 years
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Regional Outlook (Revenue, USD Million, 2022 - 2028)
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N America
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U.S.
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Europe
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Italy
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U.Grand.
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Asia Pacific
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Australia
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India
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Cardinal & South America
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Brazil
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Middle Eastward & Africa (MEA)
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South Africa
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Often Asked Questions Most This Report
b. The global glamping market size was estimated at USD 1.88 billion in 2022 and is expected to reach USD ii.35 billion in 2021.
b. The global glamping market is expected to grow at a chemical compound annual growth rate of 14.1% from 2022 to 2028 to attain USD 5.41 billion by 2028.
b. Europe region dominated the global glamping market place with a share of 34.8% in 2019. This is attributable to the major tour operators and online glamping service providers focusing on introducing dissimilar adaptation types to attract consumers.
b. Some cardinal players operating in the global glamping marketplace include The Resort at Paws Upwardly, Under Canvas, Collective Retreats, Tentrr, Eco Retreats, Longitude 131º, Nightfall Campsite Pty Ltd., Tanja Lagoon Army camp, Wildman Wilderness Lodge, and Paper Bark Camp.
b. Primal factors that are driving the glamping marketplace growth include a rise in eco-tourism and consumer inclination toward adventure travel and the rising popularity of health tourism owing to the increasing number of travelers.
Source: https://www.grandviewresearch.com/industry-analysis/glamping-market
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