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.
In this
market, hard and soft body coolers are used for recreational activities and
vaccine storage and transportation. 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.
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.
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. 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 strategic
consulting and market research firm, has analyzed the global cooler market by application,
product type, capacity, and
region, and 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 as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast of 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) and Volume
(Million Units) from 2012 to 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This
196-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 helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
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 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 product segments will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and
competitive threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being taken by key companies for business
growth?
Q. 10. What M&A activity has occurred in
the last five years?
