USD 571.57 million
Camping Cooler Market Size, Share, Growth Analysis, By Volume(<25 quarts, 25-50 quarts, 50-75 quarts, 75-100 quarts), By Application(Dry camping, Backpacking, Off-road/RV camping, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2079 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Camping Cooler Market Insights
Global Camping Cooler Market size was valued at USD 571.57 million in 2022 and is poised to grow from USD 603.00 million in 2023 to USD 925.42 million by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
The global camping cooler market had been witnessing steady growth, driven by several factors including increasing outdoor recreational activities, rising popularity of camping and outdoor adventures, and the demand for portable cooling solutions. Camping coolers, also known as ice chests or cool boxes, are essential equipment for outdoor enthusiasts to keep food and beverages cold during camping trips, picnics, tailgating, and other outdoor activities.
The market is characterized by a wide range of products offered by both established players and emerging manufacturers. Companies such as Yeti, Coleman, Igloo, Pelican, and Grizzly Coolers are among the prominent players in this industry, offering coolers in various sizes, designs, and price ranges to cater to diverse consumer preferences. Technological advancements have led to the development of innovative features in camping coolers, such as improved insulation materials, rugged construction for durability, and enhanced cooling performance.
High-end coolers equipped with features like rotomolded construction, pressure-injected insulation, and heavy-duty latches have gained popularity among outdoor enthusiasts seeking premium-quality products that can maintain ice retention for extended periods. Looking ahead, the global camping cooler market is expected to continue its growth trajectory, fueled by factors such as the growing popularity of outdoor recreational activities, rising consumer spending on camping equipment, and ongoing product innovations aimed at improving functionality and convenience for users.
Additionally, the trend towards sustainable and eco-friendly products is likely to influence product development and marketing strategies in the camping cooler industry, with an increasing emphasis on recyclable materials and energy-efficient cooling technologies.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Dry Camping
Fastest Growth
Backpacking
Growth Rate
5.5% CAGR
Global Camping Cooler Market ($ Bn)
Country Share for North America Region (%)
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Camping Cooler Market Segmental Analysis
By product, the market is segmented into hard, soft, and others. By volume, the market is segmented into <25 quarts, 25-50 quarts, 50-75 quarts, 75-100 quarts, >100 quarts. By application, the market is segmented into dry camping, backpacking, off-road/rv camping, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Analysis By Product
Forecasts suggest that hard coolers will assert their dominance during the projected period. Notably, this segment accounted for 64.3% of the total revenue, primarily due to escalating demand in North America and Europe. The surge in outdoor recreational pursuits significantly contributes to the ascendancy of this category.
Concurrently, the adoption of soft coolers is undergoing rapid expansion, propelled by distinct advantages such as their economical cost and lightweight design in comparison to their rigid counterparts. The availability of soft coolers in various forms, including lunch boxes, shoulder bags, and backpacks, is projected to amplify their sales across the projected time frame.
The "others" segment encompasses smaller coolers and personal drinkware, and it is poised for substantial growth throughout the forecasted period. This trajectory is attributed to the increasing preference for high-quality drinkware by young campers and adventurers. Notably, Igloo Products Corp. introduced a new line of hydration-oriented stainless products, including drinkware. This range encompasses multiple categories such as sporting goods, outdoor gear, and houseware. Noteworthy features within the hydration line include vacuum insulation, advanced dual-walled Tritan technology, and superior foam insulation.
Analysis By Application
Notably, the dry camping segment secured the largest share of revenue, exceeding 40.0%, and this dominance is anticipated to persist throughout the projected period. Meanwhile, the allure of off-roading is witnessing substantial growth, particularly in developed nations where there is heightened demand for heavy-duty off-road vehicles. Within the North American and European regions, the adoption of camping and outdoor cooling solutions surpasses that of developing regions. Iceland, for instance, experiences camping as a highly popular summer pursuit, while numerous Irish vendors provide essential equipment rentals for hiking ventures, fostering market expansion.
In North America, renowned national parks and forests like Congaree National Park, Ocala National Forest, and Bankhead National Forest are sought-after destinations for dry camping. The escalating influx of travelers to these areas is predicted to significantly enhance the demand for cooling equipment. As solo hiking and trekking excursions gain traction, the market anticipates a heightened need for compact soft coolers and drinkware. This segment is projected to exhibit more rapid growth compared to the hard cooler segment.
Global Camping Cooler Market By Application
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Camping Cooler Market Regional Insights
North America is poised to contribute approximately 40% of the total revenue, with the United States emerging as the market leader. This supremacy can be attributed to the steady rise in travelers seeking hiking and recreational experiences. Further strengthening the U.S. market is the concentration of chiller and related product manufacturers within the country, making marketing and sales more streamlined compared to international locations. The U.S. audience's familiarity with established chiller brands serves as an impetus for market growth.
In North America, outdoor recreational activities hold substantial economic significance, with annual consumer spending reaching around USD 887 billion, surpassing expenditures on various essentials like education, fuels, and pharmaceuticals. This underscores the popularity of outdoor pursuits as a common leisure activity. Water sports, camping, trail sports, cycling, and skateboarding are given precedence in terms of both time and financial investment, surpassing expenditures on movie tickets, video games, and home entertainment.
Meanwhile, the Southeast Asian region is poised to achieve a compelling Compound Annual Growth Rate (CAGR) exceeding 8.5% over the forecast period. This surge is attributed to the increasing appeal of unconventional holiday destinations like Thailand and Cambodia, which have gained prominence as favored camping spots. Luxury campsites are witnessing escalated demand across Southeast Asian nations, catering to tourists seeking distinctive vacation experiences. The proactive measures taken by the Cambodian government to promote adventure sports, including trekking and hiking, to attract tourists are poised to bolster market expansion in the region.
Global Camping Cooler Market By Region
- Largest
- Fastest
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Camping Cooler Market Dynamics
Drivers
Rising Outdoor Recreational Activities
- The growing interest in outdoor recreational activities such as camping, hiking, and backpacking is driving the demand for camping coolers as essential equipment to keep food and beverages fresh. Hiking, trekking, outdoor picnics, and more are trending in the modern times as the probable consumer base is turning to the outdoors as they are on the lookout for new recreational activities.
Increasing Travel and Tourism
- The rise in global tourism, coupled with the popularity of adventure travel, is boosting the demand for camping coolers, especially in regions known for their natural landscapes and camping sites. Food and beverage storage across the globe and on aircrafts and trains can be made easier with camping coolers which can keep your snacks and treats cool and fresh. The rising popularity of the new trend of travel and tourism is one of the key drivers of the global camping cooler market.
Restraints
Price Sensitivity
- High-quality camping coolers can be relatively expensive, deterring budget-conscious consumers from making a purchase. Industry leaders or even startup businesses can opt to bring price-sensitive and affordable camping coolers to bring in a new consumer base to the global market. Other techniques to bring down the market price of the products include cutting manufacturing costs, guaranteeing warranty, and more.
Weight and Portability
- The weight of camping coolers, particularly hard coolers, can be a challenge for travelers aiming for lightweight and portable gear. A remedy to this specific obstacle is obvious – the introduction of a lightweight camping cooler with increased mobility. Manufacturing of smaller coolers at a reduced price will resolve this problem and bring in a fresh new demographic to the market.
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Camping Cooler Market Competitive Landscape
The competitive landscape of the global camping cooler market is characterized by robust rivalry among established players and continuous innovations that drive differentiation. Market leaders such as Yeti, Coleman, Igloo, and Pelican Products are at the forefront, leveraging their brand reputation and extensive product portfolios to capture a significant share.
In this dynamic market, product innovation is a pivotal factor, with companies constantly striving to enhance cooler performance, durability, and user experience. Manufacturers are investing in advanced insulation materials, smart technology integration, and multifunctional designs to stand out in the market.
Sustainability and eco-friendliness are also emerging as competitive differentiators, as consumer awareness of environmental impact grows. Companies are focusing on using recyclable materials, energy-efficient manufacturing processes, and promoting the longevity of their products.
Top Player’s Company Profiles
- Yeti Holdings Inc. (United States)
- The Coleman Company, Inc. (United States)
- Igloo Products Corp. (United States)
- Pelican Products, Inc. (United States)
- Ozark Trail (United States)
- Grizzly Coolers (United States)
- Columbia Sportswear Company (United States)
- Engel Coolers (United States)
- Orca Coolers (United States)
- Stanley Black & Decker, Inc. (United States)
- K2 Coolers (United States)
- GSI Outdoors (United States)
- Arctic Zone (United States)
- Rtic Coolers (United States)
- Polar Bear Coolers (United States)
- Coleman (Canada) (Canada)
- Esky (Australia)
- Mobicool International GmbH (Germany)
- Dometic Group AB (Sweden)
- Cabela's Inc. (United States)
Recent Developments
- Igloo announced the soon-to-be-launched debut product, its 120-quart Ultra Rugged cooler, in March 2023. This cooler is loaded with several features, including a Threaded drain plug for hose hook up, UV inhibitors in lid guard against sun damage, and a Stain- and odor-resistant liner. This new cooler can store upto 12 ounces of cans and is a great addition to the compan’t product portfolio.
- Yeti released a new line of soft-sided coolers, with two varying sizes, in February 2023. These soft sided coolers had a great capacity for storing cans, wine bottles, and ice. It;s extra wide mouth makes it easier to unload and load your beverages and is a great accessory in outdoor activities.
- In January 2023, RTIC Coolers publicly released a statement about its upcoming launch of a new 105-quart cooler. These premium coolers offer a higher capacity and a better ounce count.
Camping Cooler Key Market Trends
- Smart Features: The manufacturing of camping coolers which are integrated with smart technology is gaining popularity in the market. These technologies are rising in demand as they offer bonus features that boost customer convenience and overall experience. These new technologies include smart features like remote temperature monitoring control.
- Multi-Functional Coolers: Consumers are now fueling the demand for camping coolers which not only offer convenient and temperature-controlled storage units but also have other added features which have no relation to keeping food and beverages cool. In response to satiate this evolving demand, manufacturers are introducing coolers into the market which are packed with additional applications. These features include cutting boards, built-in speakers, charging ports, and more.
- Collapsible and Stackable Designs: The demand for a new type of camping cooler has hit the market. Consumers are seeking coolers that can be easily and conveniently stored into their traveling accompaniments, with bonus space-saving advantages. Thus, coolers with stackable and collapsible features are being introduced into the market.
Camping Cooler Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global camping cooler market analysis, the global camping cooler market is characterized by a dynamic landscape shaped by evolving consumer preferences and technological advancements. Established players like Yeti, Coleman, and Igloo continue to dominate, leveraging their brand recognition and diverse product offerings. Innovation remains a driving force, with smart technology integration, eco-friendly initiatives, and multifunctional designs propelling differentiation.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 571.57 million |
| Market size value in 2031 | USD 925.42 million |
| Growth Rate | 5.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Camping Cooler Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Camping Cooler Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Camping Cooler Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Camping Cooler Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Camping Cooler Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Camping Cooler Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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