Market Insights Mobility Travel & Tourism

Camping - Nepal

Nepal

The projected revenue for Nepal's Camping market is set to reach US$0.74m by 2024.
The revenue is expected to exhibit a Compound Annual Growth Rate (CAGR 2024-2028) of 20.30%, resulting in a projected market volume of US$1.55m by 2028.
Furthermore, by 2028, the number of users in the Camping market is expected to reach 12.17k users.
In 2024, the user penetration rate is expected to be 0.0% and is anticipated to increase to 0.0% by 2028.
The average revenue per user (ARPU) is expected to amount to US$109.70.
Additionally, the online sales contribution to the total revenue in the Camping market is expected to be 55% by 2028.
It is noteworthy that in global comparison, the majority of revenue, which will amount to US$23,270m in 2024, is expected to be generated United States.
Camping in Nepal offers a unique experience with breathtaking views of the Himalayas and diverse cultural encounters.

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

Market

Region

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Currency

Analyst Opinion

The Camping market in Nepal has been experiencing a significant growth in recent years, driven by a combination of factors unique to the region.

Customer preferences: Customers in Nepal are increasingly seeking outdoor experiences and adventure activities, leading to a growing interest in camping. The desire to explore the country's diverse landscapes, from the Himalayas to the lush forests, has fueled the demand for camping equipment and accessories.

Trends in the market: One notable trend in the Nepalese camping market is the rise of eco-friendly and sustainable camping practices. As awareness of environmental issues grows globally, campers in Nepal are looking for products that have minimal impact on the natural surroundings. This has led to an increase in the availability of environmentally friendly camping gear in the market.

Local special circumstances: Nepal's unique geography and rich biodiversity make it a prime destination for camping enthusiasts. The country is home to eight of the world's ten highest peaks, including Mount Everest, attracting trekkers and climbers from around the world. This natural beauty and sense of adventure have contributed to the popularity of camping as a way to immerse oneself in the stunning surroundings.

Underlying macroeconomic factors: The tourism industry plays a significant role in the Nepalese economy, with adventure tourism being a key driver of growth. The government's focus on promoting Nepal as a premier adventure destination has led to infrastructure development and marketing efforts that have benefited the camping market. Additionally, the increasing disposable income of the middle class has made outdoor activities like camping more accessible to a larger segment of the population.

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.