LONDON–(BUSINESS WIRE)–Technavio has been monitoring the portable coolers market and it is poised to grow by USD 5.17 bn during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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What are the major trends in the market?
Technological advances in portable coolers is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 12.63% and the incremental growth of the market is anticipated to be $ 5.17 bn. -
Who are the top players in the market?
Bison Coolers LLC, Cordova Outdoors, Dometic Group AB, Grizzly Coolers LLC, Igloo Products Corp., Newell Brands Inc., ORCA, Pelican Products Inc., Polar Bear Coolers, and YETI Holdings Inc., are some of the major market participants. -
What is the key market driver?
The high consumption of draft and home-brewed beer is one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 29% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bison Coolers LLC, Cordova Outdoors, Dometic Group AB, Grizzly Coolers LLC, Igloo Products Corp., Newell Brands Inc., ORCA, Pelican Products Inc., Polar Bear Coolers, and YETI Holdings Inc. are some of the major market participants. The high consumption of draft and home-brewed beer will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Portable Coolers Market 2020-2024: Segmentation
Portable Coolers Market is segmented as below:
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Product
- Hard-sided
- Soft-sided
- Others
-
End-user
- Residential Or Recreational
- Commercial
- Government
- Distribution channel
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Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Portable Coolers Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The portable coolers market report covers the following areas:
- Portable Coolers Market Size
- Portable Coolers Market Trends
- Portable Coolers Market Industry Analysis
This study identifies technological advances in portable coolers as one of the prime reasons driving the portable coolers market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Portable Coolers Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist portable coolers market growth during the next five years
- Estimation of the portable coolers market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the portable coolers market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of portable coolers market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Hard-sided – Market size and forecast 2019-2024
- Soft-sided – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Residential or recreational – Market size and forecast 2019-2024
- Commercial and government – Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel placement
- Offline – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bison Coolers LLC
- Cordova Outdoors
- Dometic Group AB
- Grizzly Coolers LLC
- Igloo Products Corp.
- Newell Brands Inc.
- ORCA
- Pelican Products Inc.
- Polar Bear Coolers
- YETI Holdings Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
