Portable Coolers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Portable Coolers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : July, 2020 | Consumer Goods | PPT format

Report Digest

Global Portable Coolers Market: Overview

The global portable coolers market is projected to witness stellar growth in the upcoming years. While main use of portable coolers is in the storage of food and beverages under controlled temperature, the demand for portable coolers is highly increased due to surge in consumption of draught beer in various events. Moreover, the growing trend of camping and hiking activities is also boosting the demand for these products.

The market for portable coolers is broadly segmented on the basis of product type and region. On the basis of product type, this market is segmented into hard-sided coolers, soft-sided coolers, and others. Among them, hard-sided cooler is largely preferred option during camping and hiking activities due to the ability of these coolers to retain ice for longer period in comparison to soft-sided portable coolers.

Global Portable Coolers Market: Competitive Landscape

The global portable coolers market demonstrates a fragmented vendor landscape with the presence of a huge number of players in it. Growing trend of draft beer consumption during social events such as such as festivals, weddings, and corporate parties is driving the demand for portable coolers using which the temperature of these beers is easily maintained. Compact size, convenient to carry during transportation, and cost-effectiveness are some of the advantages of portable coolers due to which they are gaining popularity among worldwide population.

The list of prominent companies contributing to growth of the global portable coolers market includes:

  • Cordova Outdoors
  • Bison Coolers LLC
  • Grizzly Coolers LLC
  • Dometic Group AB
  • Newell Brands Inc.
  • Igloo Products Corp.
  • Polar Bear Coolers
  • YETI Holdings Inc.

The research report gives detailed analysis of the portable coolers market over the forecast period. While the report covers all key aspects including segmentation and competitive landscape of the market for portable coolers, the study presented in this report serves as a valuable guide for both present participants and the ones planning to make an entry in it.

Global Portable Coolers Market: Notable Development

The prominent companies in the global portable coolers market are heavily investing in research and development activities. This has resulted in presenting the users with a range of highly innovative and technologically advanced portable coolers. For instance, last year Igloo unveiled its eco-friendly portable cooler named “RECOOL.” While new cooler was manufactured using 100% biodegradable materials, it was intended to offer customers with an environmentally as well as cost-effective option to single-use foam coolers.

Some key players in the global portable coolers market are also attempting to attract customers by adding various functionalities such as incorporating tracking devices into portable coolers. Moreover, tapping innovative ways to grab the attention of the consumers in the global portable coolers market. Introduction of LED lights, battery-operated features, and mobile applications are some of the key efforts that highlight the innovation in the market.

Global Portable Coolers Market: Regional Assessment

On the regional front, Asia Pacific is expected to show promising growth avenues during estimated period. Some of the key factors contributing to the development of the portable coolers market are growing disposable incomes and growing urbanization in this region. In addition, rise in recreational activities is pushing the demand. Presence of emerging economies such as China in this region will aid in vigorous growth of the portable coolers market during forecast period. Besides, other key regions present in the market are Middle East and Africa, Europe, South America, and North America.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.