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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.8 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025 .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"
To download report brochure, please go to https://www.lucintel.com/cooler-market.aspx and click "report brochure" tab from the menu.
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.
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 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 2020-2025: 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 2014 to 2025]:
By Product Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Hard body cooler
Soft body cooler
By Capacity [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Below 15 Quarts
Between 16 and 40 Quarts
Between 41 and 100 Quarts
Above 100 Quarts
By Region [Value ($ Million) from 2014 to 2025]:
North America
Europe
APAC
ROW
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
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