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Monday, November 15, 2021

Global Portable Coolers Market to be Driven by the Increasing Temperature due to Global Warming in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Portable Coolers Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global portable coolers market, assessing the market based on its segments like distribution channel, application, end-use, product and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 14.0%
  • Forecast Market Size (2026): USD 5 Billion

It has been reportedly observed that the earth's temperature has been rising at a pace of 0.32° F (0.18° C) per decade over the last 40 years.  This corresponds to the growing concern and consequence of global warming. According to National Oceanic and Atmospheric Administration (NOAA)'s temperature data, 2020 was the second-warmest year on record, with land areas reaching new highs. These factors have led to increasing usage of coolers, leading to the market growth of portable coolers as well. Increasing pollution levels due to rapid urbanisation and rising population in India and China, is expected to contribute a significant growth in the portable cooler market in Asia Pacific region.

Industry Definition and Major Segments

Portable coolers, also known as ventless coolers, operate on the concept of evaporation. It consists of a box-like enclosure that has a walled fan and water-soaked pads inside. The fan takes in warm air and transfers it towards wet pads which helps to lower the temperature significantly.

Explore the full report with the table of contents@

On the basis of end-use, the market is segmented into:

  • Residential or Recreational
  • Commercial and Government

Based on distribution channel, the market is divided into:

Based on product, the market is segmented into:

  • Hard-Sided Coolers
  • Soft-Sided Coolers

The application areas are bifurcated into:

  • Dry Camping
  • Backpacking
  • Off-road/RV Camping
  • Others

The major regional markets include:

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

Market Trends

Consumers are leaning towards more compact solutions, globally. Portable air coolers have the advantage of being lightweight, versatile, and do not require complex installation. They can also be more energy efficient to run because they are often used to cool only specific areas of the home or to supplement focused forced air systems. Some portable coolers are battery operated and cater to a single person’s use. Growing global concerns for rising global warming is also forcing people to consider more energy efficient solutions. Moreover, there is a lot of product innovation to adapt to various needs of the end users. For example, coolers for camping and also cooler bags for carrying food and beverage for trips are being developed to enhance the personal experience of campers. These trends are driving the portable coolers market globally.

Key Market Players

The major players in the market are AO Coolers, Bison Coolers, Engel Coolers, Grizzly Coolers, Igloo Products Corp., and K2 Coolers, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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