Campgrounds and RV Parks in Canada Industry Market Research Report Now Available from IBISWorld

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Increased RV sales, rising disposable income and demographic changes have all presented opportunities for operators of Canadian RV parks and campgrounds. For these reasons, industry research firm IBISWorld has added a report on the Campgrounds and RV Parks industry to its growing industry report collection.

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With increased revenue and wider profit margins, the industry is expected to expand.

Over the past five years, the Campgrounds and RV Parks industry has sustained strong growth. Industry enterprises have historically operated RV parks and campgrounds that accommodate campers and provide amenities for a fee. Thus, operators in the industry primarily depend on travel-related trends to drive revenue growth; these trends include RV sales, disposable income and demographic shifts. Fortunately for industry operators, these three factors have been favourable over the five years to 2014. Increased disposable income and solid RV sales have fuelled steady growth of steady industry growth over the five-year period. With increased revenue and wider profit margins, the industry is expected to continue expanding.

The industry's largest target market comprises the baby boomer generation, which is set to retire in the coming years. According to IBISWorld Industry Analyst Edward Rivera, “This group is categorized by high levels of disposable income and a surplus in leisure time, which translate into increased demand for leisure activities like RV camping.” The demographic is expected to continue growing over the five years to 2019; however, it is not clear whether it will be a major market for the industry, as many baby boomers are expected to postpone retirement until age 60 or older. “Some may choose RVs as a low-cost alternative to other leisure activities,” says Rivera, “while others will forego the purchasing process because of dampened retirement funds.”

Regardless of the fate of baby boomers as the main industry market, the Canadian Campgrounds and RV Parks industry is poised to grow in the five years to 2019. Over the period, the purchasing power of the Canadian dollar relative to the currencies of major trading partners is set to decrease, increasing the likelihood of US RV owners staying at industry locations, since their dollar will go further in Canada. In addition, young couples and families are expected to emerge as a key demographic over the next five years, a factor that is sure to benefit industry operators. In the five years to 2019, industry revenue is forecast to increase at a faster rate than in the previous five years.

For more information, visit IBISWorld’s RV Parks and Campgrounds in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry operates RV 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 provide access to facilities such as washrooms, laundry rooms, snack bars, recreation halls and playgrounds.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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