The new report by Expert Market Research titled, ‘Global Camping Coolers Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global camping coolers market, assessing the market based on its segments like volumes, types, materials, applications, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3%
Camping coolers do not need electricity to operate, are cheap, and are easy to handle. These advantages are bolstering the use of the product in adventure activities. The increasing demand for camping coolers for recreational or adventure activities is driving the growth of the market. The changing lifestyles, growing popularity of trekking and hiking, and increasing standards of living are anticipated to support the market growth in the forecast period. Further, in terms of region, North America accounts for a significant share in the market owing to the increasing inclination of millennials towards sporting and hiking activities and high consumer purchasing power in the region.
Industry Definition and Major Segments
Camping cooler refers to an insulated box which comes with ice packs and is used to cool the food and beverage items while picnicking or camping. Camping cooler is lightweight, weatherproof, and durable and makes the transport and organisation of food easier for the campers. Moreover, the product is easy to carry and is multipurpose.
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On the basis of volume, the market can be segmented into:
- Less than 25 Quarts
- 25-50 Quarts
- 50-75 Quarts
- 75-100 Quarts
- > 100 quarts
By type, the market has been classified into:
- Thermoelectric Cooler
- Hard Cooler
- Soft Cooler
The different materials based on which the market has been segmented include:
The significant applications of the product include:
- Dry camping
- Off-road/RV camping
- Ship and Fishing
- Backyard and Car Camping
Based on distribution channel, the market has been divided into:
- Hypermarkets and Supermarkets
- Specialty Stores
The regional markets for camping coolers include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The key trends in the global camping coolers market include the growing innovations by the major market players, such as the development of camping coolers with two separate compartments, one for heating and one for cooling. Moreover, the rapid development of lightweight camping coolers with greater space, enabling the accommodation of a variety of food and beverage items is anticipated to contribute to the market growth in the forecast period. Furthermore, the increasing interests in camping activities among the working-class population to rejuvenate themselves and connect with nature are anticipated to augment the market in the coming years.
Key Market Players
The major players in the market are YETI Coolers, LLC, AO Coolers, The Coleman Company, Inc., Pelican Products, Inc., Igloo Products Corp., and Grizzly Coolers LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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