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Cooler Market Trends and Forecast

The future of the cooler market looks promising with opportunities in the camping, fishing, boating, travelling, and medical applications. The global cooler market is expected to reach an estimated $2.9 billion by 2030, and it is forecast to grow at a CAGR of 8.2% from 2024 to 2030. The major growth drivers for this market are an increase in outdoor recreational activities, growing disposable income, and increasing usage of coolers in storage and transportation of vaccines.

  • Lucintel forecasts that hard body cooler is expected to remain the largest segment over the forecast period due to the increasing demand for cooler with higher longevity and easy to carry.
  • Within the global cooler market, camping, medical, and military are the major application segments, camping will remain the largest end use over the forecast period due to increasing spending in outdoor amusement activities and travelling.
  • North America is expected to remain the largest market and witness the highest growth over the forecast period due to growing interest in outdoor activities and higher per capita income. .

Cooler Market by Application, Type, and Capacity

North America is expected to remain the largest market in the Cooler Market

  1. United States: Cooler companies like Yeti and Igloo are focusing on product innovation with features like enhanced insulation and durability. Amidst increasing demand for outdoor recreational activities, companies aim to expand market presence. Government initiatives promoting outdoor tourism contribute to market growth. 
  2. China: Chinese cooler manufacturers such as Aoduo and Haier are investing in R&D to improve cooling efficiency and design aesthetics. With a growing middle class and rising outdoor leisure trends, companies target domestic and international markets. Government support for outdoor sports and tourism drives market expansion. 
  3. India: Indian cooler brands like Symphony and Crompton Greaves are introducing energy-efficient and eco-friendly cooling solutions. With a focus on reducing carbon footprint, companies target residential and commercial sectors. Government initiatives promoting sustainable cooling technologies support market development. 
  4. Germany: German companies like Dometic and Engel are innovating in portable cooler technology, catering to outdoor enthusiasts and campers. With a focus on quality and durability, companies target European and global markets. Government regulations promoting energy-efficient appliances drive market demand. 
  5. Brazil: Brazilian cooler manufacturers such as Mor and Coleman are expanding product lines to include environmentally friendly materials and advanced cooling technologies. With a growing interest in outdoor activities, companies aim to capture domestic and South American markets. Government incentives for sustainable tourism support cooler market growth. 

Emerging Trends in the Cooler Market

Emerging trends which have a direct impact on the dynamics of the market include coolers with longer duration of temperature retention and manufacturing of coolers which can prevent contamination of the perishable items by microbial activities..
A total of 73 figures / charts and 52 tables are provided in this 202-page report to help in your business decisions. Sample figures with some insights are shown below. 

 Cooler Market by Segments

Cooler Market by Segments

In this market, Camping is the Largest Application of Cooler, Whereas Hard Body Cooler is the Largest Cooler Type. Growth in various segments of the cooler market are given below:
The study includes a forecast of the global cooler market by application, type, capacity, and region as follows:

Cooler Market by Application [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

  • Camping
  • Medical
  • Military                      

Cooler Market by Product type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

  • Hard body cooler
  • Soft body cooler

Cooler Market by Capacity [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

  • Below 15 Quarts
  • Between 16 and 40 Quarts
  • Between 41 and 100 Quarts
  • Above 100 Quarts

Cooler Market by Region [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

List of Cooler Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cooler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cooler companies profiled in this report includes.

  •  Newell Holdings
  •  Igloo Coolers
  • Tokyo Plast
  • Coleman
  • Nilkamal
  • Grizzly

Recent Developments in the Cooler Market 

  1. Innovation in Portable Cooler Design: Recent developments in the cooler market focus on innovation in portable cooler design to enhance convenience and functionality for outdoor enthusiasts. Companies like Yeti and Coleman are introducing cooler models with features such as integrated wheels, telescoping handles, and collapsible designs, making them easier to transport and store during outdoor activities. 
  2. Introduction of High-Performance Insulation Materials: Manufacturers are incorporating high-performance insulation materials into cooler construction to improve ice retention and temperature control. Advanced insulation technologies such as vacuum insulation panels (VIPs) and polyurethane foam are being utilized to enhance thermal efficiency and prolong the freshness of perishable items stored in coolers. 
  3. Rise of Electric Coolers with Advanced Cooling Systems: Electric coolers equipped with advanced cooling systems are gaining popularity in the market, offering a convenient alternative to traditional ice-based coolers. Companies like Dometic and Igloo are introducing electric cooler models featuring thermoelectric or compressor-based cooling technology, allowing users to chill food and beverages without the need for ice or pre-cooling. 
  4. Integration of Smart Features in Coolers: The integration of smart features in coolers is transforming the user experience by providing real-time monitoring, remote control, and connectivity options. Smart coolers equipped with Bluetooth or Wi-Fi connectivity, temperature sensors, and smartphone apps enable users to monitor cooling performance, track inventory, and receive alerts on their mobile devices, enhancing convenience and control.
  5. Expansion of Cooler Accessories and Customization Options: Cooler manufacturers are expanding their product offerings to include a wide range of accessories and customization options to cater to diverse customer needs and preferences. Accessories such as dividers, baskets, cup holders, and tie-down kits are being offered to enhance organization, usability, and versatility of coolers for various outdoor activities and lifestyles. 
  6. Emphasis on Eco-Friendly Cooler Materials: With increasing environmental awareness, there's a growing emphasis on using eco-friendly materials in cooler manufacturing to reduce environmental impact and promote sustainability. Cooler brands like Orca and REI Co-op are introducing products made from recycled materials, biodegradable plastics, and sustainable manufacturing processes to align with consumer preferences for environmentally responsible products. 

Features of the Medical Device Market

  • Market Size Estimates: Cooler market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Cooler market size by various segments, such as application, function, and end use.
  • Regional Analysis: Cooler market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different application, function, end use, and regions for cooler market.
  • Strategic Analysis: This includes M&A and competitive landscape for the cooler .
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the cooler market size?
Answer: The global cooler market is expected to reach an estimated $2.9 billion by 2030.
Q2. What is the growth forecast for cooler market?
Answer: The cooler market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the cooler market?
Answer:  The major drivers for this market are an increase in outdoor recreational activities, growing disposable income, and increasing usage of coolers in storage and transportation of vaccines.
Q4. What are the major applications or end use industries for cooler?
Answer: Camping, medical and military are the major application for cooler.
Q5. What are the emerging trends in cooler market?
Answer: Emerging trends which have a direct impact on the dynamics of the market include coolers with longer duration of temperature retention and manufacturing of coolers which can prevent contamination of the perishable items by microbial activities 
Q6. Who are the key cooler companies?
Answer: Some of the key cooler companies are as follows:

  • Newell Holdings
  • Igloo Coolers
  • Tokyo Plast
  • Coleman
  • Nilkamal
  • Grizzly

Q7. Which cooler product segment will be the largest in future?
Answer. Lucintel forecasts that hard body cooler is expected to remain the largest segment during the forecast period due to the increasing demand for cooler with higher longevity and easy to carry.
Q8. In cooler market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region and it is also expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 How big are the opportunities for the global cooler market by application (camping, medical, and military cooler), product type (hard body cooler and soft body cooler),  capacity (below 15 quarts, between 16 and 40 quarts, between 41 and 100 quarts, and above 100 quarts), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the cooler market?
Q.5 What are the business risks and threats to the cooler market?
Q.6 What are emerging trends in this cooler market and the reasons behind them?
Q.7 What are some changing demands of customers in the cooler market?
Q.8 What are the new developments in the cooler market? Which companies are leading these developments?
Q.9 Who are the major players in the cooler market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the cooler market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the cooler market?

For any questions related to cooler  market or related to cooler  companies, cooler  market size, cooler  market share, cooler  market growth, cooler  market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Market Background and Classifications    
2.1: Introduction, Background, and Classifications      
2.2: Supply Chain   
2.3: Industry Drivers and Challenges      

3. Market Trends and Forecast Analysis from 2018 to 2030         
3.1: Macroeconomic Trends and Forecast         
3.2: Global Cooler Market Trends and Forecast
3.3: Global Cooler Market by Type          
3.3.1: Hard Body Coolers  
3.3.2: Soft Body Coolers   
3.4: Global Cooler Market by Application
3.4.1: Camping Coolers     
3.4.2: Medical Cooler         
3.4.3: Military Coolers        
3.5: Global Cooler Market by Capacity   
3.5.1: Below 15 Quarts      
3.5.2: Between 16 and 40 Quarts
3.5.3: Between 41 and 100 Quarts          
3.5.4: Above 100 Quarts    

4. Market Trends and Forecast Analysis by Region           
4.1: Global Cooler Market by Region      
4.2: North American Market          
4.2.1: North American Cooler Market by Type   
4.2.2: North American Cooler Market by Application   
4.2.3: North American Cooler Market by Capacity        
4.3: European Cooler Market        
4.3.1: European Cooler Market by Type 
4.3.2: European Cooler Market by Application  
4.3.3: European Cooler Market by Capacity      
4.4: APAC Cooler Market  
4.4.1: APAC Cooler Market by Type        
4.4.2: APAC Cooler Market by Application        
4.4.3: APAC Cooler Market by Capacity 
4.5: ROW Cooler Market
4.5.1: ROW Global Cooler Market by Type        
4.5.2: ROW Cooler Market by Application         
4.5.3: ROW Cooler Market by Capacity  

5. Competitor Analysis    
5.1: Product Portfolio Analysis     
5.2: Market Share Analysis
5.3: Operational Integration          
5.4: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis     
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Cooler Market by Type   
6.1.2: Growth Opportunities for the Global Cooler Market by Application    
6.1.3: Growth Opportunities for the Global Cooler Market by Region
6.1.4: Growth Opportunities for the Global Cooler Market by Capacity        
6.2: Emerging Trends in the Global Cooler Market       
6.2.1: New Product Development
Proxon 45 Litre Sports Series Cooler with wheels       
6.2.2: Capacity Expansion of the Global Cooler Market           
6.2.3: Certification and Licensing
6.2.4: Technology Development  

7. Company Profiles of Leading Players        
7.1: Newell Holdings          
7.2: Igloo Coolers   
7.3: Tokyo Plast      
7.4: Coleman
7.5: Nilkamal

.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Coolers Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 4,850
73 figures/charts and 52 tables are provided in this 202 - page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Market Background and Classifications 11 $ 218
2. Market Background and Classifications
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 53 $ 1,740
3. Market Trends and Forecast Analysis from 2012 to 2023
3.1 Macroeconomic Trends and Forecast
3.2 Global Cooler Market Trends and Forecast
3.3 Global Cooler Market by Type
3.3.1 Hard Body Coolers
3.3.2 Soft Body Coolers
3.4 Global Cooler Market by Application
3.4.1 Camping Coolers
3.4.2 Medical Cooler
3.4.3 Military Coolers
3.5 Global Cooler Market by Capacity
3.5.1 Below 15 Quarts
3.5.2 Between 16 and 40 Quarts
3.5.3 Between 41 and 100 Quarts
3.5.4 Above 100 Quarts
Chapter - 4: Regional Analysis 61 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global Cooler Market by Region
4.2 North American Market
4.2.1 North American Cooler Market by Type
4.2.2 North American Cooler Market by Application
4.2.3 North American Cooler Market by Capacity
4.3 European Cooler Market
4.3.1 European Cooler Market by Type
4.3.2 European Cooler Market by Application
4.3.3 European Cooler Market by Capacity
4.4 APAC Cooler Market
4.4.1 APAC Cooler Market by Type
4.4.2 APAC Cooler Market by Application
4.4.3 APAC Cooler Market by Capacity
4.5 ROW Cooler Market
4.5.1 ROW Global Cooler Market by Type
4.5.2 ROW Cooler Market by Application
4.5.3 ROW Cooler Market by Capacity
Chapter - 5: Competitor Analysis 11 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Operational Integration
5.4 Porter’s Five Forces Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 13 $ 870
6 . Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the Global Cooler Market by Type
6.1.2 Growth Opportunities for the Global Cooler Market by Application
6.1.3 Growth Opportunities for the Global Cooler Market by Region
6.1.4 Growth Opportunities for the Global Cooler Market by Capacity
6.2 Emerging Trends in the Global Cooler Market
6.2.1 New Product Development
Proxon 45 Litre Sports Series Cooler with wheels
6.2.2 Capacity Expansion of the Global Cooler Market
6.2.3 Certification and Licensing
6.2.4 Technology Development
Chapter - 7: Company Profiles of Leading Players 14 $ 508
7. Company Profiles of Leading Players
7.1 Newell Holdings
7.2 Igloo Coolers
7.3 Tokyo Plast
7.4 Coleman
7.5 Nilkamal
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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