Camping Cooler Market Size Worth $1.05 Billion By 2025 | CAGR: 6.4%



The global camping cooler market size is expected to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.4% CAGR during the forecast period. The market is expected to witness considerable growth over the forecast period owing to adoption of innovative technologies for manufacturing chillers and growing inclination of people spending time outdoors in the wild.
The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.
Millennials continue to change the camping landscape through their growing participation in various physical or recreational activities, such as backpacking, mountain biking, and hiking, which is indirectly increasing the popularity of camping iceboxes.
As per Outdoor Industry Association’s report in 2017, the annual consumer spending on outdoor recreational activities in North America amounted to USD 887 billion, which is much higher than the amount spent on essential amenities, including education, fuel, and medical care. It has been observed that annually, around 50% of the U.S. population participates in at least one outdoor activity.
Prominent manufacturers in the camping and outdoor cooler market assemble parts manufactured by third-party vendors and integrate those with their distinctive technology for developing their end product. For instance, Yeti Coolers, LLC outsources product parts from its partners, including Hedstrom Plastics and Solar Plastics, Inc., for manufacturing its rotomolded chillers.
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https://www.grandviewresearch.com/industry-analysis/camping-cooler-market/request/rs1
Key camping cooler manufacturers are engaging in retail through e-commerce and brick and mortar stores to expand their product reach. For instance, in February 2017, Yeti Coolers, LLC launched its first retail store in Texas to expand its regional footprint. The store offers an immersive experience to create a permanent brand reputation in the minds of the customer. The store resembles a museum with a variety of products and merchandise displayed, along with marquee exhibits.
Further key findings from the report suggest:
·         The 50-75 quarts volume segment is expected to account for a market share of approximately 38.0% by 2025
·         The soft cooler product segment was valued at around USD 175 million in 2017
·         The dry camping application segment is anticipated to account for over 35% of the total revenue by 2025
·         The North American region held the maximum share in 2017 and is anticipated to continue its dominance over the camping cooler market over the forecast period
·         Key players in the market include AO Coolers, Bison Coolers, Engle Coolers, Grizzly Coolers, Igloo Products Corp., and Outdoor Active Gear.
The global camping cooler market size was valued at USD 621.8 million in 2017 and is expected to register a CAGR of 6.4% from 2018 to 2025. Growing popularity of outdoor recreational activities such as off-roading and hiking among travelers is a leading factor driving the market. In addition, better technologies used for manufacturing lightweight chillers that can retain ice for a longer duration will contribute to market growth over the coming years.
In North America, there has been a significant rise in consumers taking road trips in summers, which boosts sales of outdoor chillers. Decreasing fuel prices in U.S. have resulted in a number of consumers seeking off-road activities. The importance of a camping cooler box has increased owing to factors such as a shift in consumer mindset toward spending on road trips and adventure vacations.
Major vendors in the market, such as Pelican Products, Inc.; Igloo Products Corp.; Grizzly Coolers; ORCA Coolers; and Bison Coolers, are based in U.S. These companies are emphasizing on expanding their product portfolio by launching chillers with improved technologies and unique features, such as dry ice compatibility, seamless rotationally-molded construction, and use of rip-stop polyester fabric for developing folding and collapsible travel chillers.
For instance, in September 2017, Pelican Products Inc., a manufacturer of iceboxes, drinkware, and portable lighting systems, announced the launch of Pelican Elite, a 48-can-sized soft side cooler with features including sweat-proof interior fabric, detachable padded shoulder strap, press and buckle, and high-density closed cell foam insulation to facilitate ice retention for a longer time span.
Vendors such as Engle Coolers and Yeti Coolers, LLC are focused on upgrading their existing products. For instance, in January 2017, Engel Coolers upgraded the outer 500 denier rip-stop polyester fabric of its backpack chillers to 600 denier rip-stop polyester fabric.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-camping-cooler-market
Grand View Research has segmented the global camping cooler market by volume, product, and application.
Camping Cooler Volume Outlook (Revenue, USD Million, 2014 - 2025)
·         <25 quarts
·         25-50 quarts
·         50-75 quarts
·         75-100 quarts
·         >100 quarts
Camping Cooler Product Outlook (Revenue, USD Million, 2014 - 2025)
·         Hard coolers
·         Soft coolers
·         Others
Camping Cooler Application Outlook (Revenue, USD Million, 2014 - 2025)
·         Dry camping
·         Backpacking
·         Off-road/RV camping
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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