Market Insights Mobility Travel & Tourism

Camping - Colombia

Colombia

Colombia is expected to witness a significant growth in the Camping market as the projected revenue is estimated to reach US$7.93m by 2024.
Moreover, the market volume is expected to experience an annual growth rate (CAGR 2024-2028) of 14.71%, resulting in a projected market volume of US$13.73m by 2028.
It is also expected that the number of users in this market will amount to 108.60k users by 2028, which is a positive sign of growth in the market.
The user penetration rate, which currently stands at 0.1% in 2024, is expected to increase to 0.2% by 2028.
Furthermore, the average revenue per user (ARPU) is expected to be US$107.30.
It is estimated that 56% of the total revenue generated in the Camping market will be through online sales by 2028.
In global comparison, it is noteworthy that United States is projected to generate the most revenue, which is estimated to be US$23,270m in 2024.
Camping in Colombia offers a unique experience with its diverse landscapes ranging from the Caribbean coast to the Andes mountains.

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

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Analyst Opinion

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

Customer preferences: Colombian consumers have shown a growing interest in outdoor activities and nature-based experiences, which has contributed to the increasing popularity of camping. The younger demographic, in particular, is seeking adventure and unique travel experiences, driving the demand for camping equipment and accessories.

Trends in the market: One of the notable trends in the Colombian camping market is the rise of eco-friendly and sustainable camping practices. Consumers are becoming more environmentally conscious and are looking for products that have minimal impact on nature. This trend is influencing the types of camping gear and accessories that are being favored by customers in Colombia.

Local special circumstances: Colombia's diverse geography and rich natural landscapes provide ample opportunities for camping enthusiasts. From the Andes mountains to the Amazon rainforest, the country offers a wide range of camping destinations with varying terrains and climates. This diversity attracts both local and international campers, contributing to the overall growth of the camping market in Colombia.

Underlying macroeconomic factors: The improving economic conditions in Colombia have also played a role in the development of the camping market. As disposable incomes rise and the middle class expands, more people have the financial means to invest in outdoor activities like camping. Additionally, the government's efforts to promote tourism and outdoor recreation have further stimulated the growth of the camping industry in the country.

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.