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2024 U.S. Industry Statistics & Market Forecast - RV (Recreational Vehicle) Parks and Campgrounds
Market Size & Industry Statistics
The total U.S. industry market size for RV (Recreational Vehicle) Parks and Campgrounds:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the RV (Recreational Vehicle) Parks and Campgrounds industry include:- Growing demand for outdoor activities and nature-based vacations
- Increase in RV sales and ownership
- Shift towards luxury and high-end amenities in RV parks
- Expansion of digital connectivity and smart technology in campgrounds
- Rising popularity of eco-friendly and sustainable practices
- Demographic shifts with more millennials and Gen Z adopting RV travel
- Seasonal fluctuations impacting revenue consistency
- Competitive landscape with new platforms for private RV site rentals
- Impact of climate change on location and infrastructure resilience
- Local and state regulations affecting park operations and expansions
- Increased interest in long-term stays and remote working options
- Growth in international tourists seeking authentic travel experiences
Product & Services Breakdown
Research products and services in the RV (Recreational Vehicle) Parks and Campgrounds industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Membership Dues & Fees |
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Room Or Unit Accommodation For Travelers & Others |
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Room Or Unit Accommodation For Travelers, Without Maid Service |
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Recreational Vehicle ( RV) & Tent Sites For Travelers & Others |
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Other Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a RV (Recreational Vehicle) Parks and Campgrounds company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the RV (Recreational Vehicle) Parks and Campgrounds industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on RV (Recreational Vehicle) Parks and Campgrounds measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
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| Top Executives | 6% | |||
| General and Operations Managers | 6% | |||
| General and Operations Managers | 6% | |||
| Food Preparation and Serving Related Occupations | 6% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 17% | |||
| Building Cleaning and Pest Control Workers | 8% | |||
| Building Cleaning Workers | 8% | |||
| Maids and Housekeeping Cleaners | 5% | |||
| Grounds Maintenance Workers | 7% | |||
| Grounds Maintenance Workers | 7% | |||
| Landscaping and Groundskeeping Workers | 7% | |||
| Personal Care and Service Occupations | 12% | |||
| Other Personal Care and Service Workers | 7% | |||
| Recreation and Fitness Workers | 7% | |||
| Recreation Workers | 7% | |||
| Sales and Related Occupations | 5% | |||
| Office and Administrative Support Occupations | 20% | |||
| Information and Record Clerks | 9% | |||
| Hotel, Motel, and Resort Desk Clerks | 6% | |||
| Hotel, Motel, and Resort Desk Clerks | 6% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 5% | |||
| Office Clerks, General | 5% | |||
| Installation, Maintenance, and Repair Occupations | 18% | |||
| Other Installation, Maintenance, and Repair Occupations | 17% | |||
| Maintenance and Repair Workers, General | 16% | |||
| Maintenance and Repair Workers, General | 16% | |||
RV (Recreational Vehicle) Parks and Campgrounds Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the RV (Recreational Vehicle) Parks and Campgrounds industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the RV (Recreational Vehicle) Parks and Campgrounds industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the RV (Recreational Vehicle) Parks and Campgrounds industry. |
Source:
Innovation News
- Dec 22, 2023: Trident Capital trademarks "KEEP CALM AND CAMP ON" - Provision of information in the field of recreational activities
- Dec 08, 2023: Trident Capital trademarks "" - Membership club services in the nature of providing access to facilities in the field of campground accommodations; Providing a website for making reservations and booking campground accommodations; Making reservations and booking campground accommodations; Providing campground facilities; Providing a website featuring information in the field of campground accommodations
- Sep 01, 2023: Trident Capital trademarks "ADVENTURE PASS" - Membership club services in the nature of providing access to facilities in the field of campground accommodations; Providing a website for making reservations and booking campground accommodations; Making reservations and booking campground accommodations; Providing campground facilities; Providing a website featuring information in the field of campground accommodations
Recent Federal Contracts for RV (Recreational Vehicle) Parks and Campgrounds
- Apr 02, 2024: ISLAND VISTA ESTATES LLC (Chicago, IL) awarded $246,000
- Apr 02, 2024: EASLER MOBILE HOME SERVICE, INC. (Jennings, FL) awarded $37,800
- Apr 02, 2024: MHC HARBOR LAKES LLC (Chicago, IL) awarded $374,000
- Mar 29, 2024: ARCADIA, CITY OF (Arcadia, FL) awarded $66,192
- Mar 28, 2024: BRADEN PROPERTIES, L.L.C. (Longville, LA) awarded $38,400
- Mar 26, 2024: DSJS MANAGEMENT, LLC (Eagle, ID) awarded $1,141,615
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