Insulated coolers are portable containers that have their inside surfaces lined with insulation layers to prevent heat transfer and ensure items stored in the insulated cooler stay cool. Some coolers also have designed with ice packs that fit into them to increase the cooling capacity of insulated coolers. Insulated coolers are popular among families and travelers on road trips, picnics, hikes, and other outdoor events. They are ideal for storing cold beverages, wines, beers, and soft drinks in hot summers.
MARKET DYNAMICS
As insulated cooler manufacturers launch coolers with newer lightweight designs and better thermal insulating materials which are effective in keeping stored food cooler for a longer time, the demand for insulated coolers is likely to surge. Increased participation in outdoor recreational events such as camping and short journeys has led to higher consumption of insulated coolers. The rising trend of consuming cold beverages during outdoor events can be attributed to the soaring demand for insulated coolers. In recent times, the demand for biodegradable insulated coolers has seen a rise owing to increasing consumer awareness about the environmental impact of the conventional insulated coolers. The increased expenditure on camping gears and the availability of insulated coolers with eutectic plates has opened several opportunities for insulated coolers businesses across the world.
MARKET SCOPE
The "Global Insulated Coolers Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the insulated coolers market with detailed market segmentation by capacity, product type, carrying method, and geography. The global insulated coolers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading insulated coolers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global insulated coolers market is segmented on the basis of capacity, product type, and carrying method. On the basis of capacity, the insulated coolers market is segmented into below 25 quart, 26-75 quart, 76-150 quart, and above 150 quart. The insulated coolers market on the basis of product type is classified into hard coolers and soft coolers. Based on carrying methods, the global insulated coolers market is divided into side handles, lid handle, shoulder strap, and wheel.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global insulated coolers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The insulated coolers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the insulated coolers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the insulated coolers market in these regions.
MARKET PLAYERS
The reports cover key developments in the insulated coolers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the insulated coolers market are anticipated to lucrative growth opportunities in the future with the rising demand for insulated coolers in the global market. Below mentioned is the list of few companies engaged in the insulated coolers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the insulated coolers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Apex International
- Bison Coolers LLC
- Igloo Products Corporation
- Koolatron Corp
- Otter Products, LLC
- Outdoor Recreation Company of America LLC
- Pelican Products, Inc.
- RTIC COOLERS LLC
- The Coleman Company Inc.
- YETI Holdings Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.