Global Camping Cooler Market Expected to Surpass $1 Billion by 2025
DUBLIN, Nov. 14, 2018 /PRNewswire/ --
The "Camping Cooler Market Size, Share & Trends Analysis Report By Volume (<25 Quarts, 25-50 Quarts), By Product (Hard, Soft), By Application (Dry Camping, Backpacking), By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global camping cooler market size is expected to reach USD 1.05 billion by 2025, registering a 6.4% CAGR during the forecast period.
The market is expected to witness considerable growth over the forecast period owing to adoption of innovative technologies for manufacturing chillers and growing inclination of people spending time outdoors in the wild.
Millennials continue to change the camping landscape through their growing participation in various physical or recreational activities, such as backpacking, mountain biking, and hiking, which is indirectly increasing the popularity of camping iceboxes.
As per Outdoor Industry Association's report in 2017, the annual consumer spending on outdoor recreational activities in North America amounted to USD 887 billion, which is much higher than the amount spent on essential amenities, including education, fuel, and medical care. It has been observed that annually, around 50% of the U.S. population participates in at least one outdoor activity.
Prominent manufacturers in the camping and outdoor cooler market assemble parts manufactured by third-party vendors and integrate those with their distinctive technology for developing their end product. For instance, Yeti Coolers, LLC outsources product parts from its partners, including Hedstrom Plastics and Solar Plastics, Inc., for manufacturing its roto-molded chillers.
Key camping cooler manufacturers are engaging in retail through e-commerce and brick and mortar stores to expand their product reach. For instance, in February 2017, Yeti Coolers, LLC launched its first retail store in Texas to expand its regional footprint. The store offers an immersive experience to create a permanent brand reputation in the minds of the customer. The store resembles a museum with a variety of products and merchandise displayed, along with marquee exhibits.
Further key findings from the report suggest:
- The 50-75 quarts volume segment is expected to account for a market share of approximately 38.0% by 2025
- The soft cooler product segment was valued at around USD 175 million in 2017
- The dry camping application segment is anticipated to account for over 35% of the total revenue by 2025
- The North American region held the maximum share in 2017 and is anticipated to continue its dominance over the camping cooler market over the forecast period
- Key players in the market include AO Coolers, Bison Coolers, Engle Coolers, Grizzly Coolers, Igloo Products Corp., and Outdoor Active Gea
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Camping Cooler - Industry Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 Camping Cooler Industry Outlook
3.1 Market Segmentation & Scope
3.2 Camping Cooler - Market Size and Growth Prospects
3.3 Camping Cooler Market - Value Chain Analysis
3.3.1 Camping cooler - Supply chain analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing popularity of outdoor recreational activities
3.4.1.2 Developments in camping equipment driving demand for newer models
3.4.2 Market restraint analysis
3.4.2.1 Longer product lifecycle
3.5 Key Opportunities - Prioritized
3.6 Industry Analysis - Porter's
3.7 Camping Cooler Market - PEST Analysis
3.8 Camping Cooler Market - Key Competitor Analysis, 2016
3.9 Product Innovation & Improvement of Coolers
Chapter 4 Camping Cooler Volume Estimates & Trend Analysis
4.1 Camping Cooler Market: Volume Type Analysis
4.1.1 < 25 quarts
4.1.2 25 - 50 quarts
4.1.3 50 - 75 quarts
4.1.4 75 - 100 quarts
4.1.5 >100 quarts
Chapter 5 Camping Cooler Product Type Estimates & Trend Analysis
5.1 Camping Cooler Market: Product Type Analysis
5.1.1 Hard coolers
5.1.2 Soft coolers
5.1.3 Others
Chapter 6 Camping Cooler Application Type Estimates & Trend Analysis
6.1 Camping Cooler Market: Application Type Analysis
6.1.1 Dry camping
6.1.2 Backpacking
6.1.3 Off - road/RV camping
6.1.4 Others
Chapter 7 Camping Cooler Regional Estimates & Trend Analysis
Chapter 8 Competitive Landscape
- AO Coolers
- Bison Coolers
- Engel Coolers
- Grizzly Coolers
- Igloo Products Corp.
- K2 Coolers
- Outdoor Active Gear
- Outdoor Recreation Company of America (ORCA) Coolers
- Pelican Products, Inc.
- Polar Bear Coolers
- Rubbermaid
- Stanley a brand of PMI
- The Coleman Company, Inc.
- Yeti Coolers, LLC
For more information about this report visit https://www.researchandmarkets.com/research/62hvn9/global_camping?w=5
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