Global Outdoor Activities Cool Box Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Outdoor Activities Cool Box Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Outdoor Activities Cool Box market finds that the global Outdoor Activities Cool Box market reached a value of USD 2003.82 million in 2022. It’s expected that the market will achieve USD 3663.0 million by 2028, exhibiting a CAGR of 10.58% during the forecast period.

The overall macroeconomic environment has slowed down and unemployment has risen sharply

In the fourth quarter of 2019, the U.S. GDP equivalent annual rate increased by 2.1% for the second consecutive quarter, while economists predicted a median increase of 2%. Consumer spending slowed to 1.8%, lower than expected, and the growth rate was the lowest since the first quarter. Business investment declined for the third consecutive quarter, the longest since the last recession. The US non-agricultural May announced on June 5, 2020 will remain the main focus of the market. Economists expect that this data will show that the number of jobs in the United States has once again decreased alarmingly. After a decrease of 20.5 million jobs in April, 8.5 million jobs were reduced in May. The unemployment rate in May in the United States is expected to be from April 14.7% jumped to a shocking 19.8%.

Affect the normal operation of the Outdoor Activities Cool Box industry

The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the Outdoor Activities Cool Box industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the Outdoor Activities Cool Box industry depends on the prevention and control effects of COVID-19.

Tight supply of raw materials

Affected by COVID-19, logistics will be suspended, and the supply of raw materials for will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized Outdoor Activities Cool Box enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.

Strength

Most governments, like The United State, China, Germany and so on, supports the industry and downstream industry is enormous and healthy.
Low manufacturing cost.
The largest companies in USA, USA enterprises holds the advanced technology.

Weakness

New business’s project has no mature sales channels and networks.
Market competition is intense.

Opportunity

The price of raw materials is decreasing.
The demand of downstream application continues to be stable.
If the mechanism of domestic market is perfected, there will be a good prospect.

Threat

Customer Preference Change.
Changing Economic Conditions.
Uncertainty in asset integration.
Changing Global Environment Conditions.
Political factors.

Region Overview:

North America is projected to account for a considerable share of the Outdoor Activities Cool Box market and is expected to become the largest region by 2028.

Company Overview:

YETI Holdings, Inc. is one of the major players operating in the Outdoor Activities Cool Box market, holding a share of 17.53% in 2023.

YETI Holdings, Inc.

Extreme insulation power and durability are bare minimum requirements for every cooler we make — and we never stop there. Our hard coolers don’t flinch in the face of snowstorms, the beating sun, or even bears, and our soft coolers are leakproof, waterproof, and quick to carry. As for our foldable lunch bag, that’s only for those of you who enjoy ice-cold drinks and a fresh meal on your lunch menu.

ORCA Coolers

Throughout its history, Coleman has produced a wide variety of equipment primarily aimed at the camping and recreational markets. Perhaps their most famous product is the Coleman Lantern, a series of pressure lamps that were originally made to burn gasoline. Current models use Coleman fuel (white gas) or propane and use one or two gas mantles to produce an intense white light.

Segmentation Overview:

As for product types, the Compressor coolers segment held the largest market share in 2022.

Absorber Cooler

An absorber cooler is a refrigerator that uses a heat source (e.g., solar energy, a fossil-fueled flame, waste heat from factories, or district heating systems) to provide the energy needed to drive the cooling process. The system uses two coolants, the first of which performs evaporative cooling and is then absorbed into the second coolant; heat is needed to reset the two coolants to their initial states. The principle can also be used to air-condition buildings using the waste heat from a gas turbine or water heater. Using waste heat from a gas turbine makes the turbine very efficient because it first produces electricity, then hot water, and finally, air-conditioning—trigeneration. Absorption refrigerators are commonly used in recreational vehicles (RVs), campers, and caravans because they can be powered with propane fuel, rather than electricity. Unlike more common vapor-compression refrigeration systems, an absorption refrigerator can be produced with no moving parts other than the coolants.

Thermoelectric Cooler

Some modern coolers are thermoelectric, plugging into a car's cigarette lighter socket. Rather than using a compressor and refrigerant such as a refrigerator or other heat pump, these use the Peltier effect along with an external fan to draw away the heat. By reversing the current, this concept can also heat the contents instead of cooling them, useful for keeping meals hot from a drive-through, or even to keep items from freezing in severely cold climates.

Compressor coolers

Compressor coolers rely on the compressor to increase the pressure of the refrigerant to achieve the refrigeration cycle. Refrigerator is composed of compressor, condenser (condenser), refrigeration heat exchanger (evaporator), expander or throttle mechanism and some auxiliary equipment. According to the type of refrigerant used.

Application Overview:

By application, the Camping segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Outdoor Activities Cool Box market covered in Chapter 3:

YETI Holdings, Inc.
10T Outdoor Equipment
ORCA Coolers, LLC
Gio Style
Outwell
Easy Camp Limited
Koolatron UK
DOMETIC GROUP AB (PUBL)
Igloo Products Corp.
The Coleman Company Inc.
Primus
Cool Ice Box Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Outdoor Activities Cool Box market from 2018 to 2029 is primarily split into:

Absorber Cooler
Thermoelectric Cooler
Compressor Cooler
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Outdoor Activities Cool Box market from 2018 to 2029 covers:

Camping
Fishing
Boating
Trucking
Road Trip
Hunting
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)