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Ice Boxes Market Share, Industry Trends, Size & Growth 2024
Ice Boxes Market Share
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According to The Business Research Company's, The ice boxes market size has grown rapidly in recent years. It will grow from $0.48 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to pre-electric refrigeration, block ice delivery, industrialization and urbanization, ransportation and delivery networks.
The ice boxes market size is expected to see rapid growth in the next few years. It will grow to $0.91 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to niche and specialty markets, retro and vintage appeal, energy efficiency and sustainability, off-grid and remote applications, custom and artisanal design. Major trends in the forecast period include modern retro designs, dual-function ice boxes, sustainable materials, personalization and customization, preservation of heritage and history.
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Market Drivers and Trends:
The rising popularity of outdoor parties, camping and caravanning is driving the growth of the ice boxes market. As the number of people opting for outdoor recreational activities is increasing, the demand for ice boxes used to store food and beverages is rising. Campers and holidaymakers prefer carrying their own food products that must be stored at cool temperatures to prevent spoilage.
Ice box manufacturers are investing in the development and manufacture of collapsible and foldable coolers to minimize the space occupied. These coolers are made using insulated canvas with heat welded seams to prevent leakage. When not in use, these coolers can be folded for easy storage. Some of the company's manufacturing collapsible and foldable coolers include Coleman, AO Coolers, Columbia.
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Major Key Players of the Market:
Igloo Corporation, The Coleman Company Inc. (Esky), Rubbermaid Commercial Products, Grizzly Coolers LLC, Engel Coolers, Bison Coolers, ORCA (Outdoor Recreation Company of America), Pelican Products Inc., Polar Bear Coolers, YETI Coolers LLC, K2 Coolers, AO Coolers, Stanley (Stanley Black & Decker), OAGear, Koolatron Corporation, Cool Ice Box Company Ltd, Perlick Corporation, Arctic Zone, Quechua (Decathlon), Cadac, Mobicool, SnoMaster, Ozark Trail (Walmart brand), Cabela's Inc., Gander Outdoors, Bass Pro Shops, RTIC Coolers, Canyon Coolers, Black Rock Gear, Dometic Group AB, Techni Ice, Icey-Tek, Frigid Rigid Coolers, IceMule Coolers, Koolatron, NorChill Coolers, Picnic Time Inc., Seattle Sports, Thermos LLC
Ice Boxes Market 2024 Key Insights:
• The ice boxes market size is expected to see rapid growth in the next few years. It will grow to $0.91 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.
• Ice Boxes Market Surges With The Popularity Of Outdoor Parties, Camping, And Caravanning
• Collapsible And Foldable Coolers Redefine The Ice Box Market
• Asia-Pacific was the largest region in the ice boxes market in 2023
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