Market Insights Mobility Travel & Tourism

Camping - Peru

Peru

In Peru, the Camping market is projected to reach a revenue of US$7.49m by 2024.
This is expected to grow annually at a rate of 12.65% (CAGR 2024-2028) resulting in a market volume of US$12.06m by 2028.
The number of users is estimated to reach 102.40k users by 2028, with a user penetration of 0.2% in 2024 expected to increase to 0.3% by 2028.
The expected average revenue per user (ARPU) is US$104.80.
Online sales are projected to account for 60% of total revenue in the Camping market by 2028.
It is worth noting that United States will generate the most revenue in the global Camping market, with an estimated revenue of US$23,270m in 2024.
Peru's diverse geography and ancient cultural heritage offer unique camping experiences, attracting adventure seekers to explore the Andes Mountains and Machu Picchu.

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

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Analyst Opinion

The Camping market in Peru is experiencing a surge in popularity, with more locals and tourists alike turning to outdoor activities for recreation and leisure.

Customer preferences: Customers in Peru are increasingly seeking nature-based experiences, driving the demand for camping equipment and accessories. The trend towards sustainable and eco-friendly products is also influencing purchasing decisions, with a growing interest in environmentally conscious camping gear.

Trends in the market: One notable trend in the Camping market in Peru is the rise of glamping, a luxurious form of camping that offers more comfort and amenities. This trend caters to customers looking for unique and upscale outdoor experiences while still being connected to nature. Additionally, there is a growing interest in adventure tourism, leading to an increase in camping trips to explore the diverse landscapes of Peru.

Local special circumstances: Peru's rich natural beauty and diverse geography, including the Andes mountains, the Amazon rainforest, and coastal desert regions, make it an ideal destination for camping enthusiasts. The country's cultural heritage and historical sites also attract visitors who combine camping with cultural experiences, contributing to the growth of the camping market.

Underlying macroeconomic factors: The growth of the tourism industry in Peru, driven by government initiatives and infrastructure development, has had a positive impact on the camping market. As more tourists visit the country to explore its natural wonders and cultural attractions, the demand for camping services and products continues to rise. Additionally, the increasing disposable income of the middle class in Peru 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.