Market Insights Mobility Travel & Tourism

Camping - Turkmenistan

Turkmenistan

The Camping market in Turkmenistan is poised for a significant boost in revenue, with a projected amount of €212.10k in 2024.
This growth is expected to continue with an annual growth rate of 8.02% from 2024 to 2029 leading to a projected market volume of €312.00k by 2029.
By 2029, the number of users is expected to reach 3.61k users.
Although user penetration is currently at 0.0% in 2024, it is expected to increase to 0.1% by 2029.
The average revenue per user (ARPU) is expected to reach €88.77.
Furthermore, online sales are expected to account for 54% of the total revenue by 2029.
It is worth noting that United States is expected to generate the most revenue in the Camping market globally, with a projected amount of €23,690m in 2024.
Camping culture is not well-established in Turkmenistan, with limited infrastructure and government support.

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

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Región

Comparación de regiones

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Analyst Opinion

The Camping market in Turkmenistan has been experiencing significant growth in recent years, with a surge in interest among the population for outdoor recreational activities.

Customer preferences: Turkmenistan, like many countries worldwide, has seen a shift in consumer preferences towards more nature-based and experiential activities. Camping offers individuals the opportunity to disconnect from their daily routines, immerse themselves in nature, and create memorable experiences with friends and family. This trend is driven by a growing awareness of the benefits of spending time outdoors, such as stress relief, physical exercise, and mental well-being.

Trends in the market: In Turkmenistan, the Camping market is witnessing a rise in demand for camping gear and accessories, including tents, sleeping bags, portable stoves, and outdoor furniture. As more people seek to explore the country's natural landscapes and camping sites, there is a growing need for high-quality and durable equipment to enhance their outdoor experience. Additionally, the popularity of camping among younger generations is contributing to the market's growth, as they are increasingly looking for budget-friendly and Instagram-worthy camping options.

Local special circumstances: Turkmenistan's unique geography, which includes diverse landscapes ranging from deserts to mountains, provides ample opportunities for camping enthusiasts to explore different terrains and environments. The country's national parks and nature reserves offer picturesque camping spots for those looking to connect with nature and enjoy outdoor activities. Moreover, the government's efforts to promote tourism and outdoor recreation are also fueling the development of the Camping market in Turkmenistan.

Underlying macroeconomic factors: The economic stability and increasing disposable income levels in Turkmenistan are enabling more individuals to invest in outdoor recreational activities like camping. As people prioritize experiences and adventures over material possessions, the Camping market is expected to continue its growth trajectory in the coming years. Additionally, the government's focus on developing the country's tourism infrastructure and promoting domestic travel is creating a conducive environment for the expansion of the Camping market in Turkmenistan.

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.