Market Insights Mobility Travel & Tourism

Camping - Equatorial Guinea

Equatorial Guinea

Equatorial Guinea is expected to witness a significant growth in the Camping market by 2024, with projected revenue of US$6.49k.
The revenue is expected to grow annually at a rate of 1.70% from 2024 to 2029, resulting in a projected market volume of US$7.06k by 2029.
The number of users in the Camping market is expected to reach 112.80users by 2029, with a user penetration of 0.0% in 2024 and an expected increase to 0.0% by 2029.
The average revenue per user (ARPU) is estimated to be US$65.99.
Furthermore, it is expected that 56% of the total revenue in the Camping market will be generated through online sales by 2029.
Interestingly, United States is projected to generate the most revenue in the Camping market globally, with a revenue of US$25,810m in 2024.
Despite the presence of several natural reserves, camping is not yet a popular leisure activity in Equatorial Guinea.

Key regions: Singapore, United Kingdom, Indonesia, India, Vietnam

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Analyst Opinion

The Camping market in Equatorial Guinea is experiencing a surge in popularity, driven by an increasing interest in outdoor activities and nature-based experiences among consumers.

Customer preferences: Consumers in Equatorial Guinea are increasingly seeking ways to connect with nature and enjoy outdoor activities, leading to a growing demand for camping equipment and accessories. The desire for adventure, exploration, and a break from the hustle and bustle of urban life is fueling the interest in camping as a recreational activity.

Trends in the market: One of the key trends in the Camping market in Equatorial Guinea is the rising popularity of eco-friendly and sustainable camping products. Consumers are becoming more environmentally conscious and are looking for products that have minimal impact on the environment. This trend is driving the demand for biodegradable camping gear, solar-powered equipment, and reusable camping essentials.

Local special circumstances: Equatorial Guinea's rich biodiversity and natural landscapes make it an ideal destination for camping enthusiasts. The country offers a variety of picturesque camping spots, including pristine beaches, lush rainforests, and volcanic mountains. This abundance of natural beauty attracts both local residents and tourists looking to experience the great outdoors.

Underlying macroeconomic factors: The growing Camping market in Equatorial Guinea is also influenced by macroeconomic factors such as increasing disposable income and a burgeoning tourism industry. As the economy continues to grow, more consumers have the financial means to invest in camping gear and equipment. Additionally, the government's efforts to promote tourism in the country are driving interest in outdoor activities like camping.

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.