Global and US Coolers Market
The Global and US Coolers market size was valued at $4,859.4 Million and $1,146.6 Million in 2020 growing at the CAGR of 11.73% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as
Growing Application in the Healthcare Sector
The major driver for the coolers market is its rising application in the healthcare services sector. The growing awareness about the safe transportation of vaccines and pharmaceutical products is the key factor for the growth of the coolers market. The heat-resistant, waterproof, and sturdy cooler box has experienced a sharp rise in popularity in the past decade. With the rise of the pharmaceutical industry, together with ongoing COVID-19 vaccination drives, the demand for the cooler box industry has accelerated.
Further several factors restraining the market growth include
Presence of substituteThe global market for refrigeration systems may soon be affected by the presence of substitutes. This can be contributed by the increasing focus on domestic production of cooling systems, especially in developing countries, such as India and China. Rising quality standards of some Chinese brands that have become popular also slow down the demand for imported refrigerators.
The coolers market has a lot of alternatives when it comes to products that keep the food cold. For instance, one can use refrigerators, air conditioners, ice boxes, and other cooling systems which are minor players in this market. The substitute products are offered at competitive prices and because of the competition among major manufacturers, they have had to reduce their costs to create more competitive offerings in the industry while still being able to maintain healthy profits.
Collaborations and Alliances in the Coolers market is expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Coolers market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Coolerss.
In terms of COVID 19 impact, the Coolers market report also includes the following data points:
Impact on Coolers market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in Coolers market
Key Insight in the report:
The Global and US Coolers market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Coolers Market Segmentation:
Product Type
Hard Side
Soft Side
Application
Camping
Medical
Military
Region/ Countries Covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Rest of the World
South America
Middle East & Africa
Key Players Analyzed in the Report:
K2 Coolers
Newell Brands Inc
Igloo Coolers
DeWALT
CleverMade
AO Coolers
Yeti Holdings
Polar Bear Coolers
Bison Coolers
Pelican Products, Inc
REPORT CONTENT:
High-level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
Coolers market estimates for 2020 and forecast from 2021 to 2028
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
Target Audience
Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding the industry dynamics of the Coolers market
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Market Insights and Trends
- 4.1. Value Chain Analysis
- 4.1.1. Raw Material
- 4.1.2. Manufacturing Process
- 4.1.3. Distribution Channel
- 4.1.4. End-User
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Bargaining Power of Buyers
- 4.2.2. Bargaining Power of Suppliers
- 4.2.3. Threat of New Entrant
- 4.2.4. Threat of Substitute
- 4.2.5. Industry Rivalry
- 4.3. COVID-19 Impact and Post COVID Scenario on Coolers Market
- 4.3.1. Impact of COVID-19
- 4.3.2. Government Aids and Policies for Industry Revival
- 4.3.3. Companies Recent Developments to Tackle Negative Impact
- 4.3.4. Opportunity Window & Post COVID Trend
- CHAPTER 5. MArket Dynamics
- 5.1. Introduction
- 5.2. Drivers
- 5.2.1. Growing Application in the Healthcare Sector
- 5.2.2. Increasing trend for outdoor activities
- 5.3. Restraints
- 5.3.1. Presence of substitute
- 5.3.2. Fluctuations in the prices of raw materials and low-profit margins
- 5.4. Opportunity
- 5.4.1. Increasing product innovation and portfolio expansion
- CHAPTER 6. US Coolers Market, By Type
- 6.1. Introduction
- 6.1.1. Hard Side
- 6.1.2. Soft Side
- CHAPTER 7. US Coolers Market, By Application
- 7.1. Introduction
- 7.1.1. Camping
- 7.1.2. Medical
- 7.1.3. Military
- CHAPTER 8. Company Landscape
- 8.1. Global & US Coolers Market Key Players Positioning
- CHAPTER 9. Company Profiles
- 9.1. K2 Coolers
- 9.1.1. Business Overview
- 9.1.2. Product Portfolio
- 9.2. Newell Brands Inc.
- 9.2.1. Business Overview
- 9.2.2. Financial Analysis
- 9.2.2.1. Business Segment Revenue, 2020 (% Share)
- 9.2.2.2. Geographic Revenue Mix, 2020 (% Share)
- 9.2.3. Product Portfolio
- 9.2.4. Recent Development and Strategies Adopted
- 9.2.5. SWOT Analysis
- 9.3. Igloo Coolers
- 9.3.1. Business Overview
- 9.3.2. Product Portfolio
- 9.3.3. Recent Development and Strategies Adopted
- 9.3.4. SWOT Analysis
- 9.4. DeWALT
- 9.4.1. Business Overview
- 9.4.2. Product Portfolio
- 9.4.3. Recent Development and Strategies Adopted
- 9.4.4. SWOT Analysis
- 9.5. CleverMade
- 9.5.1. Business Overview
- 9.5.2. Product Portfolio
- 9.6. AO Coolers
- 9.6.1. Business Overview
- 9.6.2. Product Portfolio
- 9.6.3. Recent Development and Strategies Adopted
- 9.7. Yeti Holdings
- 9.7.1. Business Overview
- 9.7.2. Financial Analysis
- 9.7.2.1. Business Segment Revenue, 2020 (% Share)
- 9.7.2.2. Geographic Revenue Mix, 2020 (% Share)
- 9.7.3. Product Portfolio
- 9.7.4. Recent Development and Strategies Adopted
- 9.7.5. SWOT Analysis
- 9.8. Polar Bear Coolers
- 9.8.1. Business Overview
- 9.8.2. Product Portfolio
- 9.9. Bison Coolers
- 9.9.1. Business Overview
- 9.9.2. Product Portfolio
- 9.9.3. Recent Development and Strategies Adopted
- 9.10. Pelican Products, Inc.
- 9.10.1. Business Overview
- 9.10.2. Product Portfolio
- 9.10.3. Recent Development and Strategies Adopted
- 9.10.4. SWOT Analysis
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