San Francisco, 30
November 2018: The global camping cooler market size is expected to reach USD 1.05 billion by
2025, according to a new report by Grand View Research, Inc., 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
rotomolded 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.
Access
Research Report of Camping Cooler Market@ www.grandviewresearch.com/industry-analysis/camping-cooler-market
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 Gear.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global camping cooler market by volume, product, and application.
Camping Cooler Volume Outlook (Revenue, USD
Million, 2014 - 2025)
·
<25 quarts
·
25-50 quarts
·
50-75 quarts
·
75-100 quarts
·
>100 quarts
Camping Cooler Product Outlook (Revenue,
USD Million, 2014 - 2025)
·
Hard coolers
·
Soft coolers
·
Others
Camping Cooler Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Dry camping
·
Backpacking
·
Off-road/RV camping
·
Others
Camping Cooler Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Camping Cooler Market@ www.grandviewresearch.com/press-release/global-camping-cooler-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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