Portable Coolers Market Growing at a Rapid Pace: Key Research and Players-Yeti Coolers, RTIC Coolers, Coleman Coolers.

Portable Coolers Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Portable Coolers market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Portable Coolers market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Portable Coolers Market reached US$ 1.4 billion in 2023 and is expected to reach US$ 2.8 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.

What is Portable Coolers Market?

The portable coolers market focuses on the production and sales of compact cooling solutions designed for outdoor activities, travel, and events. This market is experiencing growth due to the increasing popularity of outdoor recreation, such as camping, picnics, and tailgating, where portable coolers provide convenience for keeping food and beverages cold. Advances in cooler technology, including improved insulation materials and lightweight designs, are enhancing product performance and attracting consumers. Additionally, the rise of e-commerce and the availability of a wide range of cooler options-ranging from soft-sided to hard-shell models-are driving market expansion. Growing consumer awareness of sustainability is also influencing the demand for eco-friendly and energy-efficient coolers, positioning the market for further growth in the coming years.

Growth Driver

Growing Outdoor Activities: A Boon for the Portable Cooler Market

The increasing popularity of outdoor activities is expected to significantly boost the portable cooler market. According to the Outdoor Participation Trends report, a record 168.1 million people participated in outdoor activities in 2022, indicating that a substantial portion of the U.S. population is engaging in these pursuits. This surge in outdoor enthusiasts creates a strong demand for portable coolers, as individuals look for effective ways to keep their food and beverages fresh and safe while enjoying nature. As outdoor participation continues to rise, the portable cooler market is poised for substantial growth.

Key Players:

Profiles of some of the major players in the global Portable Coolers market, which include Yeti Coolers, RTIC Coolers, Coleman Coolers, Igloo Coolers orca Coolers, Pelican Coolers, Engel Coolers, Dometic Coolers, Evakool Coolers, Waeco Coolers.

Industry Development:

In April 2023, Bodega Cooler introduced its Mini Portable Refrigerator with Battery, designed to offer a convenient and efficient cooling solution for outdoor activities. This portable fridge is lightweight and compact, making it ideal for adventures on the go. It features a detachable battery that provides an impressive 24-hour runtime, allowing users to enjoy cooling without worrying about finding a power source. With advanced technology, the refrigerator maintains temperatures between 32°F and 50°F and boasts rapid cooling and freezing capabilities.

In March 2023, ICECO launched the APL55 portable fridge, aimed at camping, road trips, and outdoor activities. This innovative appliance is designed for easy transport with its compact and lightweight structure. The APL55 stands out with its powerful refrigeration system, which keeps food and beverages fresh for extended periods. A unique feature is its patented Flexi-Zone technology, allowing users to convert the unit from a single-zone to a dual-zone configuration for added versatility.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Portable Coolers market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product: Soft-sided, Hard-sided, Others.

By Application: Residential, Commercial, Others.

By Distribution Channel: Hypermarkets/Supermarkets, E-Commerce, Electronic Stores, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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