The global camping cooler market size is expected to be worth around US$ 5.5 billion by 2030, according to a new report by Vision Research Reports.
The global camping cooler market size was valued at US$ 721.8 million in 2020 and is anticipated to grow at a CAGR of 8.4% during forecast period 2021 to 2030.
|Market Size||US$ 5.5 Bn by 2030|
|Growth Rate||CAGR of 8.4% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Volume, Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Yeti Coolers, LLC.; AO Coolers; The Coleman Company Inc.; Pelican Products Inc.; Outdoor Active Gear; Igloo Products Corp.; Grizzly Coolers; and Bison Coolers.|
The market is expected to witness considerable growth over the forecast period owing to the adoption of innovative technologies for manufacturing chillers and the growing inclination of people spending time outdoors in the wild.
The growing popularity of outdoor recreational activities such as off-roading and hiking among travelers is a leading factor driving the market. In addition, better technologies used for manufacturing lightweight chillers that can retain ice for a longer duration will contribute to market growth over the coming years.
By Volume Analysis
By volume, the market is segmented into <25 quarts, 25-50 quarts, 50-75 quarts, 75-100 quarts, and >100 quarts. The 50-75 quarts segment accounted for the largest market share of around 40.0% in 2020 and is expected to dominate the overall market throughout the forecast period.
Consumer demand for <25 quarts chillers is expected to increase significantly over the forecast period as these are compact, lightweight, and are available in soft as well as hard product variants. Soft iceboxes are compact and are available in sling and backpack styles.
By Product Analysis
By product, the camping cooler market has been segmented into hard, soft, and others. Hard coolers are expected to emerge as the dominant segment over the forecast period. Adoption of soft chillers is growing at a rapid pace owing to several benefits such as its low price and lightweight structure as compared to hard iceboxes. Availability of soft coolers in different variants, including lunch boxes, shoulder bags, and backpacks, is expected to boost its sales over the forecast period.
The others segment includes small coolers and personal drinkware and is anticipated to witness substantial growth over the forecast period, which is attributed to the adoption of high-quality drinkware by youngsters during camping and adventurous activities.
By Application Analysis
By application, the market has been segmented into dry camping, backpacking, off-road/ RV camping, and others. The dry camping segment accounted for the largest revenue share of over 40.0% in 2020 and is expected to dominate the overall market throughout the forecast period.
Adoption of camping and outdoor chillers in the North American and European regions is significantly higher than in developing regions. Camping is one of the most popular summer activities in Iceland. A large number of Irish vendors offer rental services for essential equipment for hiking trips, which is anticipated to drive the market.
By Regional Analysis
North America is expected to account for around 40% of the overall revenue. The U.S. is the largest market owing to continuous increase in the number of travelers opting for hiking and recreational activities. As most manufacturers of chillers and associated products are based in the U.S., marketing and selling them within the country is easier as compared to marketing brands at other locations.
The Southeast Asian region will register a CAGR of over 8.5% over the forecast period. This is attributed to the growing popularity of countries such as Thailand and Cambodia as camping and unconventional holiday destinations. Latin America is projected to emerge as the fastest-growing regional market over the forecast period, followed by MEA.
Yeti Coolers, LLC.; AO Coolers; The Coleman Company Inc.; Pelican Products Inc.; Outdoor Active Gear; Igloo Products Corp.; Grizzly Coolers; and Bison Coolers.
Australia & New Zealand
Middle East & Africa
The Camping Cooler market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Camping Cooler market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Camping Cooler market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Camping Cooler market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Camping Cooler market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Camping Cooler capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Camping Cooler by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Camping Cooler market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Camping Cooler market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Camping Cooler market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Camping Cooler industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Camping Cooler market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Camping Cooler market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Camping Cooler market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Camping Cooler market. These factors have benefited the growth of the global market for Camping Cooler. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Camping Cooler. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Camping Cooler are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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