Market Insights Mobility Travel & Tourism

Camping - Bangladesh

Bangladesh

Bangladesh is projected to see a revenue of US$16.34m in the Camping market by 2024.
The revenue is expected to grow annually at a rate of 17.22% (CAGR 2024-2028), resulting in a projected market volume of US$30.85m by 2028.
By 2028, the number of users in the Camping market is anticipated to reach 240.20k users.
In 2024, the user penetration rate is 0.1%, which is expected to increase to 0.1% by 2028.
The average revenue per user (ARPU) is expected to be US$110.50.
By 2028, online sales will account for 53% of the total revenue in the Camping market.
In a global comparison, United States is expected to generate the highest revenue of US$23,270m by 2024.
Despite the lack of infrastructure and limited camping options, Bangladesh's natural beauty and cultural richness make it a potential destination for eco-tourism and camping enthusiasts.

Key regions: Vietnam, India, Germany, Saudi Arabia, United Kingdom

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Analyst Opinion

The Camping market in Bangladesh has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Bangladesh are increasingly drawn to camping as a way to escape the hustle and bustle of city life and connect with nature. The younger demographic, in particular, is showing a growing interest in outdoor activities and camping experiences. Additionally, the rise of social media influencers and outdoor enthusiasts sharing their camping adventures has also contributed to the popularity of camping among the population.

Trends in the market: One of the notable trends in the Camping market in Bangladesh is the increasing demand for eco-friendly and sustainable camping gear. Consumers are becoming more conscious of their environmental impact and are seeking products that are made from recycled materials or are biodegradable. This trend is in line with global movements towards sustainability and responsible consumption.

Local special circumstances: Bangladesh's diverse landscape, which includes lush forests, serene rivers, and picturesque mountains, provides ample opportunities for camping enthusiasts to explore and enjoy the outdoors. The country's national parks and nature reserves are becoming popular camping destinations, attracting both local and international campers. Additionally, the government's efforts to promote tourism and outdoor activities have also contributed to the growth of the Camping market in Bangladesh.

Underlying macroeconomic factors: The growing middle class in Bangladesh, coupled with increasing disposable incomes, has made outdoor recreational activities like camping more accessible to a larger segment of the population. As more people seek to spend their leisure time outdoors, the Camping market is poised to continue its upward trajectory in the coming years. Additionally, the government's focus on infrastructure development and tourism promotion is expected to further boost the Camping market in Bangladesh.

Methodology

Data coverage:

Data refers to enterprises (B2C). Figures are based on camping nights, prices, average length of stay, and camping frequencies.

Modeling approach:

We use industry associations, UNWTO data, the Statista Consumer Insights survey, and pricing data of websites to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as tourism GDP, share of internet users, and demographic data.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For the camping market, Holt-Winters forecast, ARIMA, and Bayesian Ridge regression were used. The main drivers are the tourism GDP per capita and the share of internet users.

Additional notes: :

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change.