The new report by Expert Market Research titled, ‘Global Camping Coolers Market Report and Forecast 2022-2027’, 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 (2017-2027)
- Forecast CAGR (2022-2027): 3%
The increasing consumer demand for efficient camping coolers is projected to bolster the market growth for camping coolers. This can be attributed to the growing consumer interest in recreational activities such as trips and excursions, which are undertaken by people globally. In addition, the improving living standards and the increasing purchasing power are further estimated to contribute to the market growth in the forecast period. Further, the benefits of camping coolers including efficient food preservation, durability, no electricity requirement, compact size, cost-effectiveness, and portability are projected to provide impetus to the market in the forecast period.
Industry Definition and Major Segments
A camping cooler is an insulated electrical appliance that is used to keep the food cool to preserve it from decaying. It is portable and is carried during a trip, camping, hiking, or picnics. It comes in varying sizes and colours according to the preference of customers.
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The camping coolers industry, by volume, is divided into:
- Less than 25 Quarts
- 25-50 Quarts
- 50-75 Quarts
- 75-100 Quarts
- > 100 quarts
On the basis of type, the market is categorised into:
- Thermoelectric Cooler
- Hard Cooler
- Soft Cooler
Based on material, the market is segmented into:
- Plastic
- Metal
- Fabric
On the basis of application, the market is classified into:
- Dry camping
- Backpacking
- Off-road/RV camping
- Ship and Fishing
- Backyard and Car Camping
- Others
Based on distribution channel, the market is segregated into:
- Hypermarkets and Supermarkets
- Specialty Stores
- Online
- Others
The regional markets for camping coolers include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The increasing investments by the leading market players in the research and development of advanced cooler solutions are projected to support the market growth. For instance, the Dayventure Sling Cooler manufactured by Pelican Products, Inc., is a light-weight cooler solution, which comes with padded strings for easy portability, high-density cell foam for insulation, leak-resistant zipper, and a compression-molded base. Another camping cooler manufacturer, OlarHike introduced its 40/24 Can Cooler Lunch Bag across e-commerce platforms, which offers extraordinary features such as large capacity, longer cooling duration, and two ways to carry, while also being collapsible. The rapid technological advancements in insulation, cooling aspects, and the investments made by key industry players are expected to aid the market in the forecast period.
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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