Insulated Coolers Market
2019 Analysis and Review of Insulated Coolers Market by Product - Hard Coolers and Soft Coolers for 2019 - 2029
- 2019-12-18
- REP-GB-10792
- 24 Tables
- 37 Figures
- 131 pages
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Press Release:
Insulated Coolers Sales Forecast
Insulated Coolers Market to Reach Valuation of US$ 800 Mn by 2025
The overall growth of global insulated coolers market will remain healthy throughout the next decade, on the back of increasing spending on camping gears and rising outdoor recreational activities. In the next five years, insulated cooler sales would account for revenues worth US$ 800 Mn. While this study provides deep-dive analysis of what will shape up the market for insulated coolers in the following years, it projects a healthy growth outlook for market during the forecast period (2019-2029). E-commerce will be manufacturers’ key focal point for enhanced distribution and sales.
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What is the size of the insulated coolers market?
The global market for insulated coolers was valued at US$ 500 Mn and expected to cross US$ 1 Bn Mark, growing at a CAGR of 6.5% during the 10-year forecast period.
What are the key drivers in the insulated coolers market?
Increasing usage of luxury products will continue to inflate sales within the premium category and growing spending on recreational activities in line with the rising disposable income will endure growth of the insulated coolers market.
What are the major trends and strategies adopted by key players to sustain in the market?
Low-cost offerings and increased intolerance of single-use plastic are catapulting sales of biodegradable insulated coolers. Manufacturers are continuously launching biodegradable or sustainable products, in addition to focusing on acquisitions of innovative companies to gain a distinct competitive edge.
Which market vertical holds the greatest opportunities?
Hard coolers with side handles will continue to witness higher sales and reach a value of US$ 900 Mn by 2029. These coolers are experiencing high demand in North America and Europe, due to enhanced durability and efficient cooling properties.
How are online sales impacting the insulated coolers market players in generating better revenues?
U.S. manufacturers are investing in online stores and supply chain development to generate revenue avenues during the forecast period. Moreover, leveraging e-commerce and social media will shape the buying patterns of their potential customers.
What is the earning potential of the players in the North America’s insulated coolers market?
North America will continue to dominate with a 75% revenue share. Increasing recreational activities and a strong presence of key players in the region are creating major profit-earning opportunities.
Hard Cooler Sales Make up for over 80% of Market Value
Owing to their durability and efficient cooling, hard coolers continue to sell higher in the insulated coolers market. In 2020, sales of hard coolers will exceed US$ 500 Mn. Leading manufacturers of hard coolers are reaping maximum profits in developed regions. Soft coolers are also gaining traction on the back of their portability and storage-efficiency quotient. However, their demand growth would remain relatively moderate due to their limited cooling capacity.
US Market to Hit US$ 400 Mn by 2019 End
North America currently accounts for nearly 70% of global insulated cooler sales. Worldwide sales of insulated coolers remain concentrated in the U.S. that would possibly cross the value of US$ 400 Mn towards the end of 2019. The presence of established companies such as Bison Coolers LLC, and RTIC Coolers LLC, coupled with the growing outdoor industry would continue to fuel the market growth in North America. The market in Europe will generate over US$100 Mn towards the end of the projection period, with the UK and Germany accounting for noteworthy shares. Further, market players are also targeting developing Asian countries, as they have been witnessing notable growth of online retail over the recent past, especially in China and India.
* This data is only a representation. Actual data may vary and will be available in report.
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2014
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2018
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2022
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2029
Biodegradable Insulated Coolers Mark Important Trend
Amid evolving regulatory framework, leading manufacturers in the insulated coolers market must realign their strategies by unleashing the true potential of biodegradable materials. Igloo, for instance, has introduced eco-friendly insulated coolers derived from a mixture of paraffin wax and recycled tree pulp. Such cost-efficient solutions will disrupt the market space in the following years.
High demand for 76-150 quart
Sales of 26-75 quart increasing
Hard coolers remain in-demand
Soft coolers to witness moderate traction
Demand for side handles remains bullish
Lid handles to gain momentum
How Growth will Unfold
Accounting for nearly 30% of total sales, insulated coolers with side handles will generate approximately US$ 400 Mn by 2029 end. Demand for lid handle insulated coolers would also grow at a promising rate, surpassing US$ 200 Mn in next 5 years. Although shoulder strap insulated coolers account for a greater revenue share as compared to insulated coolers on wheels, sales of the latter will accelerate as convenience remains the key factor.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Insulated Coolers Market Analysis 2019-2029
A recent market study published by Future Market Insights on the insulated coolers market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Insulated Coolers Market Taxonomy
The global insulated coolers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Capacity
- Below 25 Quart
- 26-75 Quart
- 76-150 Quart
- Above 150 Quart
Product
- Hard Coolers
- Soft Coolers
Carrying Method
- Side Handles
- Lid Handle
- Shoulder Strap
- Wheel
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
What's Included
The report begins with an executive summary of the insulated coolers market, which includes key findings and statistical analysis of the market. It also includes analysis & recommendations and opportunity analysis pertaining to the insulated coolers market.
Readers can find definition and detailed taxonomy of the insulated coolers market in this chapter, which will help them understand basic information about the market. It also highlights inclusions and exclusions to help readers understand the scope of this market report.
This chapter explains the outlook of the parent market, consumer preferences, and forecast factors that are expected to influence growth of the insulated coolers market during the forecast period. Moreover, with macroeconomic factors, this section also highlights the growth rate projection and forecast factors and their impact on the insulated coolers market. This chapter provides key market dynamics, including drivers and restraints, and opportunity assessment. Along with this, readers will understand the value chain analysis of the insulated coolers market.
The section provides the demand for insulated coolers in value (US$ Mn) and volume (‘000 Units) in the global insulated coolers market for the historic period (2014-2018) and forecast for 2019-2029. The weighted average pricing at the manufacturer level is also analyzed in this section.
This chapter explains how the insulated coolers market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa (MEA).
Based on capacity, the insulated coolers market has been segmented into below 25 quart, 26-75 quart, 76-150 quart, and above 150 quart. In this chapter, readers can find information about key trends, market share, and market attractiveness analysis based on capacity in the global insulated coolers market.
This chapter provides details about the insulated coolers market based on product type such as hard coolers and soft coolers. In this chapter, readers can understand market attractiveness analysis of insulated coolers based on product type.
This chapter provides details about the insulated coolers market based on carrying method such as side handles, lid handle, shoulder strap, and wheel coolers. In this chapter, readers can understand market attractiveness analysis of insulated coolers based on carrying method.
This chapter includes a detailed analysis of the growth of the North American insulated coolers market, along with country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of insulated coolers in the region.
This chapter provides the growth scenario of the insulated coolers market in Latin American countries such as Brazil, Mexico, Argentina, and the Rest of Latin America. Along with this, assessment of the market across target segments and market attractiveness analysis have also been provided.
Important growth prospects of the insulated coolers market in several countries in Europe, such as Germany, the United Kingdom, France, Italy, Russia, Spain, Switzerland, Poland, Benelux, and the Rest of Europe along with target segments are included in this chapter.
India, Indonesia, Thailand, Malaysia, and the Rest of South Asia are leading countries in the South Asia region that are prime subjects of assessment to obtain growth prospects of the South Asia insulated coolers market in this chapter. Readers can find detailed information about growth parameters of the South Asia insulated coolers market during the period of 2019-2029.
This chapter highlights the growth of the insulated coolers market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding growth of the insulated coolers market in the East Asian region.
This chapter provides information about how the insulated coolers market is expected to grow in major countries in the MEA region such as the GCC Countries, Israel, Turkey, South Africa, and the Rest of MEA during the forecast period.
In this chapter, Australia and New Zealand are among leading countries in the Oceania region, which are prime subjects of assessment to obtain growth prospects of the Oceania insulated coolers market.
This chapter highlights growth of the insulated coolers market in emerging countries by focusing on United States and China. The section also highlights data points regarding growth of the insulated coolers market in emerging countries.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the insulated coolers market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of prominent stakeholders in the insulated coolers market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the report are YETI Holdings Inc., Igloo Products Corporation, The Coleman Company Inc., Pelican Products, Inc., Outdoor Recreation Company of America LLC, Bison Coolers LLC, Otter Products LLC, RTIC Coolers LLC, Koolatron Corp, and STANLEY, which is a brand of PMI.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the insulated coolers market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions and important qualitative and quantitative information in the insulated coolers market report.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Industry Associations
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
- Pregis Corporation & Packaging Insights
Primary Interview Splits
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Akshay Godge
Client Partner - Global Business Development
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