Global Portable Coolers Market 2018-2022
About Portable Coolers
A portable cooler helps users to preserve food provisions and chilled food products from perishing. Most portable coolers are characterized by an ice-life of 4 to 10 days. They are waterproof and weatherproof. They also facilitate safeguarding food provisions from wild animals during camping.
Technavio’s analysts forecast the global portable coolers market to grow at a CAGR of 13.73% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global portable coolers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Portable Coolers Market 2018-2022
Technavio recognizes the following companies as the key players in the global portable coolers market: Bison Coolers, Igloo Products, Grizzly Coolers, Newell Brands (The Coleman Company), and ORCA Coolers.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased preference for animal-resistant coolers. The high degree of competition in the global portable coolers market contributes to product innovation measures. As portable coolers find major applications while camping and trekking, ensuring that the coolers are resistant to scratches or wear that result from contact with animals is vital. Animals such as bears attack campers and mountaineers in varying degrees. The severity and the loss associated with such attack may vary.”
According to the report, one driver in the market is increased participation in outdoor recreational activities due to lifestyle changes. Lifestyle advancements and hectic lifestyles have increased the stress quotient of a large number of people across the globe. This has led to increased participation in outdoor recreational activities. The growing need to de-stress is leading to increased engagement in leisure and outdoor activities.
Further, the report states that one challenge in the market is unfavorable weather conditions. The growth of the global portable coolers market depends on camping and outdoor recreational activities. Unfavorable weather conditions tend to negatively impact the frequency and preference for camping. Unexpected changes in weather patterns limit the participation of a certain section of the global population in such outdoor activities. This negatively impacts the demand for camping equipment such as portable coolers.
Newell Brands (The Coleman Company)
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook