Ice Chests And Coolers Market Worth 2,137.2 million by 2026 - Exclusive Report by Reports and Data | Key Players Koolatron, Arctic Zone, Igloo Products Corp and Others.

The Global Ice Chests And Coolers Market Was valued at USD 1,051.5 million in 2018 and is expected to reach USD 2,137.2 million by year 2026, at a CAGR of 9.2%. By volume, the ice chests and coolers market will see a CAGR of 9.5% during the forecast period. The ice chests and coolers is growing out of leisurely customer needs. Coolers and chests are often taken on picnics, and on vacations or holidays. Where summers are hot, they may also be used just for getting cold groceries home from the store, such as keeping ice cream from melting in a hot automobile. Even without adding ice, this can be helpful, particularly if the trip home will be lengthy. Some coolers have built-in cupholders in the lid.

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They are usually made with interior and exterior shells of plastic, with a hard foam in between. They come in sizes from small personal ones to large family ones with wheels. Disposable ones are made solely from polystyrene foam (such as is a disposable coffee cup) about 2 cm or one inch thick. Most reusable ones have molded-in handles; a few have shoulder straps. The cooler has developed from just a means of keeping beverages cold into a mode of transportation with the ride-on cooler. A thermal bag or cooler bag is very similar in concept, but typically smaller and not rigid.
In market segmentation by manufacturers, the report covers the following companies:- Perlick Corporation, Pelican Products, Inc, Koolatron, Arctic Zone, Igloo Products Corp., AO Coolers, Coleman Company, Inc., Yeti Coolers LLC, Tokyo Plast International and Lifetime Products Inc and Others.

Camping is on the rise across the world, and especially more in developed regions, where rising income levels and changing trends have made many people venture out either solo, or in groups. Camping and camp related activities tend to surge in the summer months in the Northern Hemisphere, primarily due to amenable weather conditions that the season brings. Also, in northern European countries, especially in Scandinavian and surrounding regions, summer is the only time when it is safe to spend overnight hours outside, as temperatures tend to remain chilly for most of the year. The recent high summer temperatures and sultry conditions in Europe and North America has spurred camping and hiking activities in these parts. To stay hydrated, most families and campers tend to carry ice-coolers to keep their drinks chilled. Beach holidays are also on the rise during the summer months, and chilled drinks call for affordable ice coolers to be readily available. These unique industry trends will further spur industry growth for ice chests and coolers.

Camping generated USD 166.9 billion in retail spending for the year 2017, according to an Outdoor Industry Association report for the US. The huge amount spend on camping bodes well for equipment manufacturers who can occupy a sizable chunk of this very lucrative market. According to the National Park Services, approximately 11 million people visit the Great Smoky Mountains National Park on an annual basis. Other national parks like the Yellowstone and Yosemite have recorded increase in footfalls. Demand for both soft and hard lined ice coolers are expected to increase from diverse demographic cohorts who go for these camping trips in North America. Europe, and other developed regions are also seeing an increase in interest towards camping related activities, due to which demand for accessories and equipment is projected to increase during the forecast period.

For the purpose of this study, Reports and Data have segmented the Ice Chests and Coolers market by Type, by Application, and by Region:

Ice Chests and Coolers Market by Type (Revenue, USD Million; 2019-2026) (Volume, Thousand Units; 2019-2026)
Hard coolers and ice chests
Soft coolers
Others

Ice Chests and Coolers Market by Application (Revenue, USD Million; 2019-2026) (Volume, Thousand Units; 2019-2026)
Dry Camping
Backpacking
Off Road and RV Camping
Others

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Ice Chests and Coolers Market by Region (Revenue, USD Million; 2019-2026) (Volume, Thousand Units; 2019-2026)
North America
Europe
Asia Pacific
South and Central America
Middle East and Africa

Further key findings from the report suggest:-

USA, Italy, Mexico and Spain are expected to witness a huge surge in this market, as the industry is geared towards countries which have a strong outdoor camping and sports recreation culture, along with regions having relatively hot weather conditions.

Hard coolers are the better option for more rugged and extended use. They are usually taken on road trips, camping, tailgating, or hunting. Hard coolers have better ice retention capabilities than soft coolers. They occupy the greatest market share in the Type segment in 2018.

Latin America and Middle East and Africa will be showing an average growth of around 10.2% in value till 2026. In Latin America, the popularity of off-road vehicle ownership is expected to be a positive factor for product adoption. Countries where the income levels are comparatively higher, like Argentina and Brazil are expected to drive growth in the Ice Chests and Coolers industry

North America has the leading share in the Ice Chests and Coolers industry, chiefly because of the converging trends of their increased adoption rate of new technology products, rise in interest for outdoor camping and increased investments by major players in the Ice Chests and Coolers sector

Asia Pacific region will witness the highest CAGR during the forecast period on account of rise in income levels and an increased popularity of people to go on hiking and camping trips during holidays. Low production costs in this region is expected to provide Ice Chests and Coolers manufacturers advantages in cost cutting

By Type, Soft coolers are expected to grow at the highest CAGR during the forecast period

Table of Contents:

Study Coverage: It takes into account key manufacturers, key market segments, the scope of products available in the global Ice Chests And Coolers Market, forecast years, and study objectives. Additionally, it also considers the segmentation study provided in the report on the basis of the type of product and application.

Executive Summary: It provides a summary of the critical studies, growth rate, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.

Production by Region: In this section, the report offers essential information pertaining to import and export, production, revenue, and key players of all regional markets covered in the report.

Profile of Manufacturers: Each player profiled in this section is analyzed effectively through SWOT analysis, their products, production, value, capacity, and other vital factors.

The objectives of the report are:

To study and forecast the market size of Ice Chests And Coolers Marketagainst the global landscape.
- To examine the global key competitors and their market share in the global sector, SWOT analysis, and value.
- To determine, explain and forecast the market by type, end use, and region.
- To inspect the market potential and advantage, opportunities and hurdles, restraints and risks of key geographies.
- To derive significant trends and factors driving or restraining the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To critically analyze each submarket by analyzing individual growth trend and their contribution to the market.
- To understand strategic developments such as agreements, expansions, new product launches, and possessions in the market.
- To strategically outline the key players and comprehensively analyze their growth strategies.

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The growth of this market globally is dependent on various factors, including consumers of a lot of Ice Chests And Coolers Marketproducts, inorganic company growth models, economic volatility of raw materials, and product innovation, along with economic prospects in both producer and consumer countries.

Conclusively, this report will offer a clear view of every vital aspect of the market without the need to refer to any other research report or data source. Our report will provide all the crucial facts about the past, present, and future of the concerned market.

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