Camping Cooler Market Size, Share, Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

  • TBI764510
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global Camping Cooler Market

The global Camping Cooler market size is projected to reach US$ 1086.74 million by 2026, from US$ 748.99 million in 2020, at a CAGR of 6.4% during 2021-2026. 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.

Market Segmentation, Outlook & Viewpoint: Global Camping Cooler Market

Volume Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  • <25 quarts 25-50 quarts 50-75 quarts 75-100 quarts >100 quarts

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  • Hard
  • Soft
  • Others

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  • Dry camping
  • Backpacking
  • Off-road/RV camping
  • Others

Key Players, Recent Developments & Regional Insights: Global Camping Cooler Market

By product, the camping cooler market has been segmented into hard, soft, and others. Hard coolers are expected to emerge as the dominant segment over the forecast period. In 2017, it accounted for 64.3% of the overall revenue, which is attributed to rising demand for hard chillers in the North American and European regions. Outdoor recreational activities are considered a prominent contributor to the growth of this segment. Adoption of soft chillers is growing at a rapid pace owing to several benefits such as its low price and lightweight structure as compared to hard iceboxes. Availability of soft coolers in different variants, including lunch boxes, shoulder bags, and backpacks, is expected to boost its sales over the forecast period. The others segment includes small coolers and personal drinkware and is anticipated to witness substantial growth over the forecast period, which is attributed to the adoption of high-quality drinkware by youngsters during camping and adventurous activities. In May 2017, Igloo Products Corp. launched a new hydration line of stainless products, including drinkware. The hydration line comprises sporting goods, outdoor, and houseware categories. Special features in the hydration range of products include vacuum insulation, dual-walled Tritan technology, and superior foam insulation.

Application Insights

By application, the market has been segmented into dry camping, backpacking, off-road/ RV camping, and others. The dry camping segment accounted for the largest revenue share of over 40.0% in 2017 and is expected to dominate the overall market throughout the forecast period. The popularity of off-roading is also increasing substantially, especially in developed countries where heavy engine cars designed for off-roading are more in demand. Adoption of camping and outdoor chillers in the North American and European regions is significantly higher than in developing regions. Camping is one of the most popular summer activities in Iceland. A large number of Irish vendors offer rental services for essential equipment for hiking trips, which is anticipated to drive the market. In North America, national parks and forests, such as the Congaree National Park, Ocala National Forest, and Bankhead National Forest, are popular destinations for dry camping. Rising footfall of travelers to these locations is projected to significantly boost demand for chillers in the region. With increasing number of travelers opting for solo hiking and trekking trips, demand for compact soft chillers and drinkware is expected to be on a rise. The segment is projected to grow at a faster rate as compared to the hard chillers segment.

Regional Insights

By 2025, North America is expected to account for around 40% of the overall revenue. U.S. is the largest market owing to continuous increase in number of travelers opting for hiking and recreational activities. As most manufacturers of chillers and associated products are based in U.S., marketing and selling them within the country is easier as compared to marketing brands at other locations. Familiarity of consumers with known chiller brands is a factor driving the U.S. market. The Southeast Asian region will register a CAGR of over 8.5% over the forecast period. This is attributed to growing popularity of countries such as Thailand and Cambodia as camping and unconventional holiday destinations. Demand for luxury campsites across Southeast Asian countries is increasing with rising number of tourists opting for such offbeat vacations. Initiatives taken by the Government of Cambodia for developing adventure sports, such as trekking and hiking, to attract more tourists to the country, is anticipated to boost market growth. Latin America is projected to emerge as the fastest-growing regional market over the forecast period, followed by MEA. According to a report published by the World Travel & Tourism Council, spending on both domestic and international travel in Latin America has increased in 2018 as compared to the previous year. Major camping destinations in Brazil, including Bahia, Porto Seguro, Pousada, and Santa Clara, are expected to witness robust growth in tourism, thereby driving the market in Latin America.

Camping Cooler Market Share Insights

Key players in the market include Yeti Coolers, LLC.; AO Coolers; The Coleman Company Inc.; Pelican Products Inc.; Outdoor Active Gear; Igloo Products Corp.; Grizzly Coolers; and Bison Coolers. Major participants are engaged in enhancing their existing products with improved technology for longer ice retention in order to keep pace with consumer demand and competition in the market. For instance, in July 2017, K2 Coolers, a designer and manufacturer of outdoor chillers, launched a new summit series, 20, 30, 50, and 70 at a price cheaper than that offered by its competitors. Likewise, in March 2016, Igloo Products Corp. launched the Day Tripper collection, comprising soft chillers, backpacks, and picnic totes. This collection features thick foam insulation, custom pack in-sets, and multiple compartments for storing food items and beverages. Prominent manufacturers are also focusing on promoting their brands through celebrity endorsement. For instance, in October 2017, ORCA Coolers signed an agreement with Brett Fave, a former American footballer, for promoting its brand.

Key Insights Covered: Global Camping Cooler Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Camping Cooler industry. 2. Global major manufacturers" operating situation (sales, revenue, growth rate and gross margin) of Camping Cooler industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Camping Cooler industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Camping Cooler industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Camping Cooler industry.

Research Methodology: Global Camping Cooler Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data SourcesChapter 2 Executive Summary
2.1 Camping Cooler - Industry Snapshot & Key Buying Criteria, 2014 - 2025Chapter 3 Camping Cooler Industry Outlook
3.1 Market Segmentation & Scope
3.2 Camping Cooler - Market Size and Growth Prospects
3.3 Camping Cooler Market - Value Chain Analysis
    3.3.1 Camping cooler - Supply chain analysis
3.4 Market Dynamics
    3.4.1 Market driver analysis
        3.4.1.1 Growing popularity of outdoor recreational activities
        3.4.1.2 
|  read more...

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