Cooler Market Is Anticipated To Grow At A Cagr Of 6.8% During 2020-2025

By Author: Lucintel LLC
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The global cooler market is projected to reach $1.8 billion by 2025, at a CAGR of 6.8% during 2020-2025. The growth of cooler market is driven by an increase in outdoor recreational activities, growing disposable income, and increasing usage of coolers in storage and transportation of vaccines.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Cooler market by application (camping, medical, and military cooler), product type (hard body cooler and soft body cooler), capacity (below 15 quarts, between 16 and 40 quarts, between 41 and 100 quarts, and above 100 quarts), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the cooler market?
Q.4 What are some changing demands of customers in the cooler market?
Q.5 What are the new developments in the cooler market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players ...
... for business growth?
Q.7 What are some of the competitive products and processes in this cooler area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this cooler market?

Emerging trends, which have a direct impact on the dynamics of the industry, include coolers with longer duration of temperature retention and manufacturing of coolers which can prevent contamination of the perishable items by microbial activities.
Download Brochure of this report by clicking on https://www.lucintel.com/cooler-market.aspx
Market Segmentation:
Based on product type, the cooler market is segmented into application, type, and capacity. The hard body cooler segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing demand for cooler with higher longevity and easy to carry.
North America is expected to be the largest region with the highest growth over the forecast period due to growing interest in outdoor activities and higher per capita income.
Key Players in the cooler market are Newell, Igloo Coolers, Tokyo Plast, Coleman, Nilkamal, Grizzly, Bison Coolers, YETI, ORCA, Pelican, and K2.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/cooler-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751