Changing lifestyles and outdoor recreational activities gaining popularity is driving the global camping coolers market.
Covid-19 Impact & Market Status
The epidemic of COVID-19 has had a negative impact on the global camping coolers market. The COVID-19 outbreak led the governments all around the world prohibit travel to prevent the virus from spreading. But, because camping during pandemics is unsafe, demand for coolers has plummeted. Despite these obstacles, prominent players are employing a variety of techniques to acquire a competitive advantage over their competitors, including product creation and collaborations.
This report provides a global picture of camping coolers market. The report deep dives into the competitive environment, key segments and sub-segments, M&A activity, trends, opportunities, long-term and near-term market scope, and more such factors. This helps market players take informed decisions and make critical business decisions.
Hard Sided Camping Coolers Segment to lead the Market
The global camping coolers market is classified into electric hard-sided, hard-sided, and soft-sided on the basis of cooler type. Among these, over the analysis period, hard sided camping coolers segment is expected to become the leading segment. It accounted for 64.3 percent of total revenue, which can be ascribed to increased demand for hard chillers in North America and Europe. The segment is growing due to the rapid rise of outdoor activities among the people.
Soft chiller adoption is accelerating due to a number of advantages, including lower costs and a lighter structure than hard iceboxes.
54 Quarts Expected To Be Most Reliable Market Segment
The global camping coolers market is classified into54qt, 25qt, 120qt, 40qt, other on the basis of capacity. The global camping coolers market has been divided into under 25 Quart, 25-50 Quart, 50-75 Quart, 75-100 Quart and over 100 Quart on the basis of capacity of the coolers. The 50-75 quarts segment currently earns the largest market share and is predicted to have the same impact throughout the analysis period.
Dry Camping to Gather Highest Revenue
The global camping coolers market is classified into picnic, camping holidays, frozen food delivery, dry camping, others on the basis of application. Among these, the dry camping segment is predicted to earn the highest revenue in the market during the analysis period due to the gaining popularity of off-roading, especially in the developed countries where people have several off-road vehicles which are designed for camping purposes.
North America to Dominate the Globe
North America is predicted to consolidate a dominant position in the global camping cooler market due to the high-income level of people and the large number of nature lovers in these regions. The amount of people going camping in the woods and hiking to different places is at an all-time high in these regions.
Asia-Pacific will experience rapid growth in this market during the analysis period due to the increased appeal of Southeast Asian countries like Thailand as camping and alternative vacation locations. With an increasing number of travellers choosing for such unusual vacations, demand for luxury campsites is booming across those regions.
Growing outdoor recreational activities is increasing the need of products that keep refreshments cool and retain ice for longer time. This is improving the reliance on camping coolers furthering the development of global camping coolers market.
Owing to benefits such as, retention of ice for longer period of time during camping, maintain good quality of food, low budget option, strong and durable, chilled food, the camping coolers are experiencing rapid adoption as opposed to conventional approaches thus fostering remarkable progress in global camping coolers market.
The factors such as manufacturers coming up with new mounting accessories, increasing living standards, changing lifestyles, innovation in camping coolers are driving the growth of global camping coolers market.
The global camping coolers market is estimated to reach close to USD 1506.93 million by 2029 at an annualized growth rate of 6.4 percent through the forecast period 2022-2029.
A camping cooler is a portable entity which is used to store food and drinks while camping. Coolers are excellent in scenarios involving big parties, when additional capacity is required, or for multi-day journeys where food or beverages must be stored for an extended amount of time. Other cooling products on the market are bulky, costly, and reliant on electricity from wall outlets. Picnic coolers, hiking coolers, and other outdoor activities benefit from the use of camping coolers to keep food and beverages cold. Furthermore, because it is portable and compact, it is less expensive.
As camping cooler is the major storage option for cold food and drinks, it's critical to have one that has a long ice life and can withstand the rigours of an outdoor setting. The market is on the rise as more people are nowadays interested in various outdoor activities such as hiking, camping, different sports like football, volleyball etc. People like to stop for snacks, cold beverages, or canned drinks along the trip and throughout these activities. People who participate in these activities or work in these locations without access to a refrigerator will benefit from camping coolers.
The aluminium cooler hanging tray is quite susceptible to corrosion which can be huge problem. Another factor is that the camping cooler contains fewer varieties and also there are several alternatives available in the market which could hamper the sales of camping coolers. Also, camping coolers are expensive than standard coolers hampering the global camping coolers market growth.
Furthermore, rising amount of money spent on recreational activities, lifestyle changes, and increased participation in outdoor adventures are all driving factors in the camping coolers industry. The increasing health advantages of outdoor activities are projected to drive innovation in the camping coolers industry.
The global camping coolers market has intense competition and consists of several big corporations such as AO Cooers, K2 Coolers, Pelican Coolers, ORCA, Yeti Coolers, Coleman Coolers, Igloo Coolers, Polar Bear Coolers, AO Coolers, Engel Coolers, Bison Coolers, and Grizzly Coolers among others.
Latest Innovations in the Global Camping Coolers Market: A Snapshot
- Igloo Products Corp. has stated that it will produce a bioplastic cooler by 2021, which is likely to increase product demand. The classic Igloo Playmate was the first to be constructed using a new sugarcane-derived plastic compound. The bioplastics invention indicated a shift in the cooler industry's reliance on petroleum-based resins. In addition, this company collaborated with BASF to develop a proprietary cooler insulation material.
Camping Coolers Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1506.93 million|
|Growth Rate||CAGR of 6.4 % during 2021-2028|
|Segment Covered||Type, Material, Capacity, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||AO Cooers, K2 Coolers, Pelican Coolers, ORCA, Yeti Coolers, Coleman Coolers, Igloo Coolers, Polar Bear Coolers, AO Coolers, Engel Coolers, Bison Coolers, and Grizzly Coolers among others.|
Key Segments of the Camping Coolers Market
Type Overview, 2019-2029 (USD Million)
- Electric Hard-Sided
Material Overview, 2019-2029 (USD Million)
Capacity Overview, 2019-2029 (USD Million)
Application Overview, 2019-2029 (USD Million)
- Camping Holidays
- Frozen Food Delivery
- Dry Camping
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa