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Portable Coolers Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40583
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The portable coolers market size has the potential to grow by USD 5.17 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (hard-sided, soft-sided, and others), end-user (residential or recreational, commercial, and government), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bison Coolers LLC, Cordova Outdoors, Dometic Group AB, Grizzly Coolers LLC, Igloo Products Corp., Newell Brands Inc., ORCA, Pelican Products Inc., Polar Bear Coolers, and YETI Holdings Inc.

What will be the Portable Coolers Market Size in 2020?

portable-coolers-market-size

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Who are the Major Portable Cooler Vendors?

The market is fragmented. Vendors are expected to face intense competition in the future due to the growing demand from emerging economies such as China and India, where local, unorganized players are more efficient than global players. Newell Brands Inc., ORCA, Pelican Products Inc., Polar Bear Coolers, and YETI Holdings Inc. are some of the major market participants. Although the high consumption of draft beer and home-brewed beer will offer immense growth opportunities, the growing popularity of rental equipment will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this portable coolers market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this portable coolers market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

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

Which are the Key Markets for Portable Coolers?

portable-coolers-market-share-by-region

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APAC will offer several growth opportunities to market vendors during the forecast period. The increasing urbanization and the growing disposable income of the population in emerging economies will significantly drive the portable coolers market growth in the region during the forecast period.

Over 29% of the market’s growth will originate from APAC during the forecast period. China is the critical market for portable coolers in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Product Segments in the Portable Coolers Market?

portable-coolers-market-share-by-distribution-channel

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Hard-sided coolers are widely adopted by campers, sports participants, and voyagers. They have benefits such as increased ice retention capacity compared with soft-sided coolers and high storage capacity.

The growth of the portable coolers market share by the hard-sided segment will be slower than the growth of the market by the soft-sided segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the portable coolers market size.

How will Draft Beer and Home-brewed Beer Influence Portable Coolers Market Growth?

The consumption for draft beer is increasing in parties and events such as beer festivals, weddings, corporate parties, and golf tournaments. Portable coolers are preferred over party pumps in these events because of their ability to efficiently cater to the need for the transportation and storage of beer. Moreover, portable coolers do not require electricity to operate and depend on ice for refrigeration, making them ideal for draft beer systems. Thermoelectric portable coolers are generally used in significant events because of their high reliability and easy installation. The introduction of customized portable coolers and covers will further boost the demand for portable coolers for transporting and storing draft beer and wine at corporate and significant events and parties. Thus, the high consumption of draft beer and home-brewed beer will be a significant factor in driving the portable coolers market growth at a CAGR of almost 14% during the forecast period.

  • Vendors in the portable coolers market are offering products with multiple features, including LED light, tracking devices, battery-operated features, and easy to carry features in their products.
  • Portable cooler manufacturers are also offering various mobile applications with their products that have built-in recipes.
  • The rising consumer awareness about new trends and technologies is increasing the demand for such multi-featured portable coolers.
  • Market vendors are increasingly focusing on product innovations and various technological advancements, which is one of the critical portable coolers market trends. 

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What are the Key Factors Covered in this Portable Coolers Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive portable coolers market growth during the next five years
  • Precise estimation of the portable coolers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable coolers industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable coolers market vendors 

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Hard-sided - Market size and forecast 2019-2024
  • Soft-sided - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Residential or recreational - Market size and forecast 2019-2024
  • Commercial and government - Market size and forecast 2019-2024
  • Market opportunity by End user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel placement
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bison Coolers LLC
  • Cordova Outdoors
  • Dometic Group AB
  • Grizzly Coolers LLC
  • Igloo Products Corp.
  • Newell Brands Inc.
  • ORCA
  • Pelican Products Inc.
  • Polar Bear Coolers
  • YETI Holdings Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Portable Coolers market growth will increase by $5.17 billion during 2019-2024.
The portable coolers market is expected to grow at a CAGR of 13.93% during 2019-2024.
Technavio has segmented the portable coolers market by product (Hard-sided, Soft-sided, and Others) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, and South America).
Bison Coolers LLC, Cordova Outdoors, Dometic Group AB, Grizzly Coolers LLC, Igloo Products Corp., Newell Brands Inc., ORCA, Pelican Products Inc., Polar Bear Coolers, YETI Holdings Inc. are a few of the key vendors in the portable coolers market.
APAC will register the highest growth rate of 36.04% among the other regions. Therefore, the portable coolers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Canada
  • Germany
  • France
The key factors driving the portable coolers market growth are:
  • Rising number of events and meetings
  • Growing adoption of closed one-piece ostomy bags
The portable coolers market vendors should focus on grabbing business opportunities from the hard-sided segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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