According to a new market report published by Lucintel, 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 grow with a CAGR of 6.7% from 2018 to 2023. 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.
Browse 104 market data tables and 137 figures spread through 193 pages and in-depth TOC on “Global Cooler Market”
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In this market, hard body cooler and soft body cooler are used for cooler manufacturing for product type. Lucintel forecasts that hard body cooler is expected to remain the largest segment and witness the highest growth during the forecast period due to the increasing demand for cooler with higher longevity and easy to carry.
Within the cooler market, camping will remain the largest end use market and also witness the highest growth over the forecast period due to increasing spending in outdoor amusement activities and travelling.
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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.
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Emerging trends which have a direct impact on the dynamics of the cooler market include coolers with longer duration of temperature retention and manufacturing of coolers which can prevent contamination of the perishable items by microbial activities. Newell, Igloo Coolers, Tokyo Plast, Coleman, Nilkamal, Grizzly, Bison Coolers, YETI, ORCA, Pelican, and K2 are among the major suppliers of cooler.
Lucintel, a leading global market research firm has analyzed growth opportunities in the global cooler market by application, type, capacity, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cooler Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cooler market by application, type, capacity, and region as follows:
By Application [Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
- Camping
- Medical
- Military
By Product Type [Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
- Hard body cooler
- Soft body cooler
By Capacity [Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
- Below 15 Quarts
- Between 16 and 40 Quarts
- Between 41 and 100 Quarts
- Above 100 Quarts
By Region [Value ($ Million) from 2012 to 2023]:
- North America
- Europe
- APAC
- ROW
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This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cooler-market.aspx#/ or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global cooler market to 2023 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 market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this 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 this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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