Market Insights Mobility Travel & Tourism

Camping - Myanmar

Myanmar

Myanmar's Camping market is expected to see a significant boost in revenue over the next few years.
By 2024, revenue is projected to reach US$1.68m, with an estimated annual growth rate of 9.87% (CAGR 2024-2029).
This growth is expected to result in a market volume of US$2.69m by 2029.
The number of users in the Camping market is also expected to increase, reaching 23.03k users by 2029.
User penetration in this market is currently at 0.0% and is projected to increase to 0.0% by 2029.
The average revenue per user (ARPU) is expected to be US$109.20.
Additionally, online sales are expected to generate 58% of total revenue by 2029.
In comparison to other countries, United States is projected to generate the highest revenue in the Camping market, with a revenue of US$25,810m in 2024.
Camping in Myanmar offers a unique experience with its diverse landscapes, from the Himalayan foothills to the pristine beaches of the Andaman Sea.

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

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Customers in Myanmar are increasingly drawn to camping as a way to connect with nature and escape the hustle and bustle of urban life. The younger demographic, in particular, is showing a growing interest in outdoor activities and adventure tourism, driving the demand for camping equipment and experiences.

Trends in the market: One notable trend in the Camping market in Myanmar is the rise of eco-friendly and sustainable camping practices. Consumers are becoming more environmentally conscious and are seeking products that have minimal impact on the natural surroundings. This trend is shaping the types of camping gear and accessories that are popular in the market.

Local special circumstances: Myanmar's diverse and beautiful landscapes, ranging from lush forests to pristine beaches, make it an ideal destination for camping enthusiasts. The country's rich cultural heritage and warm hospitality also attract both domestic and international campers looking for unique experiences. Additionally, the government's efforts to promote tourism and improve infrastructure are opening up more camping opportunities across the country.

Underlying macroeconomic factors: The growing economy and increasing disposable income in Myanmar are contributing to the growth of the Camping market. As more people have the financial means to invest in outdoor activities, the demand for camping equipment, gear, and services is on the rise. Additionally, the government's focus on tourism development is creating a favorable environment for the camping industry to thrive.

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.