Glamping Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2032
According to a recent report by Future Market Insights (FMI), the glamping market is expected to reach a valuation of US$ 10.6 Bn in 2032, expanding at an impressive 11.8% CAGR over the assessment period.
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Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.
The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.
The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.
Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.
2022-2032 Glamping Market Outlook In Comparison To Sales Registered In 2017-2021
Demand in the glamping market is forecast to increase at an impressive 11.8% CAGR over the forecast period, in comparison with the 8.3% CAGR registered between 2017 to 2021.
The advent of compact systems for sophisticated accommodations at scenic places is boosting sales in the glamping market. High number of tourists and enthusiasts are preferring safe and comfortable outdoor activities, thereby spurring demand.
Surging demand for outdoor recreational activities have led to the introduction of premium, luxury tents in the glamping market. Technological innovations and automation are also bringing about remarkable changes to conventional camping activities. The conventional methods of cooking and accommodation have been slowly dwindling with the evolution of camping into glamping.
Key Takeaways:
- Based of product type, sales of eco-pods will remain high through 2032.
- In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
- By size, the 2-5 persons segment will expand at a robust pace through 2032.
- The U.S. will continue dominating the North America glamping market.
- Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
- The India glamping market will continue witnessing high demand over the forecast period.
Who is winning?
Few key players in the glamping market are Bourne Leisure Holdings Limited, TENTRR, Tents Xpert, Under Canvas, The Resort at Paws Up, Collective Retreats, Asheville Glamping, GlamXperience, PurePods, Getaway House, Inc., Hoshino Resorts Inc., and Baillie Lodges among others.
Leading players operating in the global glamping market are investing in research and development to improve the quality of products and services to attract more customers. They are
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