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How would you size the market for caravans in the U.S.?

Philip
Bruno
Expert
replied on 01/15/2018
3 years experience as a consultant at McKinsey + 1.5 years of case prep and coaching to MBA/Master students at London Business Sch

Hey Philip,

There are for sure several ways of estimating that number, but a quick top down approach can be resumed in 3 steps
1. Estimate the total population of the US: ~300M (I guess it's already a bit higher by now, but this number makes calculations easier and works out as a proxy)

2. Divide by the average size of an household (which should be somewhere between 3 and 4, let's assume 4): ~75M

3. Assume a percentage of households that like/do camping at all: 50% >> ~~37.5M (I don't have any particular insight in the US, so this number might be a bit off; if you're from the US just relate to your day-to-day surrounding and experience)

4. Assume a percentage for ratio of people that actually hold a caravan: 20% >> ~7.5M (same disclaimer as before)

What really matter is you're able to come up with the process/way to get a ballpark figure, not that the numbers are exactly the right ones.

Best

Bruno

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