Camping Cooler Market Size & Share Analysis Report, 2024-2032
Camping Cooler Market Size & Share Analysis Report, 2024-2032

Camping Cooler Market Share, Size, Trends, Industry Analysis Report, By Volume (< 25-quart, 25–50-quart, 50–75-quart, 75-100 quart, > 100 quart), By Product, By Application, By Region, And Segment Forecasts, 2024 - 2032

  • Published Date:Jan-2024
  • Pages: 115
  • Format: PDF
  • Report ID: PM4219
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global camping cooler market was valued at USD 793.54 million in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period.

The increasing preference for outdoor recreational activities like off-roading and hiking among travelers is a significant factor propelling market growth. Furthermore, the adoption of advanced technologies in manufacturing lightweight coolers capable of retaining ice for extended periods will be a contributing factor to market expansion in the upcoming years.

Camping Cooler Market Size

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Outdoor recreational activities encompass a wide range of experiences, including mountain expeditions like hiking, forest-based pursuits such as hunting and camping, and water-related activities like fishing and rafting. Among the most prevalent outdoor activities are running, camping, hunting, fishing, and off-roading. These activities offer more than just leisure; they contribute to various social benefits. Engaging in outdoor recreation has been linked to positive impacts on both mental and physical well-being, including stress reduction and combating obesity. Recognizing these advantages, there has been a notable increase in investments directed toward promoting and enhancing outdoor activities, fostering economic opportunities, and promoting personal satisfaction and community well-being.

Innovations in camping equipment have led to the replacement of outdated models with more advanced alternatives. Notable developments include the MPOWERED Luci, a solar-based lantern capable of producing up to 80 lumens of light, covering a 15 square feet area; the Sawyer Squeeze Water Filter System, filtering water by filling a water bag & squeezing it through the attached filter; the Powertraveller Powermonkey Extreme, a rugged, water-proof, & small solar charger; and the Yeti Tundra 35 coolers, equipped with the T-Rex lid latches, AnchorPoint tie-down slots, & NeverFail hinge system featuring 2 hinge pins & an interlocking design. These technologically advanced camping equipment models are anticipated to drive demand for newer and more sophisticated products.

Industry Dynamics

Growth Drivers

Increasing preference for outdoor recreational activities

Camping and outdoor cooler suppliers are adapting their product development strategies to align with evolving consumer trends. Traditionally, these suppliers have outsourced the manufacturing of cooler chests to low-cost destinations like China, the Philippines, Japan, or India. However, there has been a noticeable shift in this trend. Suppliers are now opting to collaborate with raw material manufacturers in onshore locations. This shift is driven by the need to meet the increasing demand from consumers, possibly due to factors like a desire for locally sourced products, reduced shipping times, or a focus on supporting domestic industries.

Report Segmentation

The market is primarily segmented based on volume, product, application, and region.

By Volume

By Product

By Application

By Region

  • < 25 quart
  • 25-50 quart
  • 50-75 quart
  • 75-100 quart
  • > 100 quart

 

  • Hard Cooler
  • Soft Cooler
  • Others

 

 

  • Dry Camping
  • Backpacking
  • Off-road/RV Camping
  • Others

 

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Volume Analysis

50 to 75 quarts segment held the largest share in 2023

50 to 75 quarts segment held the largest share. The growing enthusiasm for outdoor activities such as camping, hiking, and fishing has spurred the demand for camping coolers. With more individuals and families participating in outdoor adventures, there is a heightened requirement for dependable and spacious cooling solutions, leading to increased sales in the segment.

<25-quart segment is projected to grow at the fastest rate. There is expected to be a substantial rise in consumer demand for coolers in this size category, given their compact, lightweight nature and the availability of both soft and hard product variants. Soft iceboxes, particularly those in sling and backpack styles, are compact and convenient to carry, making them more appealing compared to larger-sized hard coolers.

By Product Analysis

Hard coolers segment registered the largest market share in 2023

The hard coolers segment accounted for the largest share. This dominance is primarily driven by the increasing demand for hard coolers in the developed regions. The prominence of outdoor recreational activities is identified as a key factor contributing to the growth of this segment.

The adoption of soft coolers is experiencing rapid growth, driven by various advantages such as lower cost and a lightweight structure compared to hard coolers. The availability of soft coolers in diverse variants, including lunch boxes, carry bags, & backpacks, is anticipated to contribute to increased sales during the study period.

By Application Analysis

Dry camping segment held the significant market revenue share in 2023

The dry camping segment held the largest share. There is a significant increase in the popularity of off-roading, particularly in developed countries, where there is a higher demand for heavy-engine cars designed specifically for off-road adventures.

In the U.S., national parks & forests, including destinations like Congaree National Park, Ocala National Forest, & Bankhead National Forest, attract a considerable number of dry campers. The growing influx of travelers to these areas is anticipated to increase the demand for coolers in the region substantially. As more individuals choose solo hiking and trekking adventures, there is an expected rise in the demand for compact soft coolers and drinkware.

The backpacking segment is projected to grow at a rapid pace. The growing popularity of backpacking coolers can be attributed to the heightened interest in outdoor activities, advancements in technology, affordability, and convenience. The latest models are lighter, more robust, and more effective at maintaining the temperature of food and beverages. Additionally, they are cost-effective and easier to pack and carry, making them a convenient and practical choice for storing provisions while on the trail.

Regional Insights

North America region held the largest share of the global market in 2023

The North America region dominated the market. The United States stands out as the largest market due to the consistent rise in the number of travelers choosing hiking and recreational pursuits. The presence of the majority of chiller and related product manufacturers in the U.S. facilitates easier marketing and sales within the country compared to promoting brands in other regions. The familiarity of consumers with well-known chiller brands is a contributing factor to the robust market in the U.S.

As per the Bureau of Economic Analysis, the annual consumer expenditure on outdoor recreational activities in the region totals approximately USD 887 billion. This spending surpasses that on various essential commodities & services. Outdoor recreational activities are highly prevalent in the U.S., with individuals allocating a significant portion of their time and financial resources to pursuits such as water sports, camping, trail sports, & skate-boarding, prioritizing these activities over expenditures on items like movie tickets, video games, & home entertainment.

Latin America is projected to grow at a rapid pace. The rising popularity of backpacking coolers in the region can be attributed to the region's warm climate, expanding tourism industry, cost-effectiveness, and convenience. Countries such as Mexico, Costa Rica, & Peru, known for their scenic landscapes & outdoor activities, particularly favor the use of backpacking coolers.

Key Market Players & Competitive Insights

The camping cooler market is highly fragmented in nature, with the robust presence of global market players. The key players operating in the market are heavily investing in research & development activities in order to improve their product offerings continuously and also focusing on several business development and expansion strategies, including partnerships, collaborations, and acquisitions.

Some of the major players operating in the global market include:

  • AO Coolers
  • Bison Coolers
  • Grizzly Coolers
  • Igloo Products Corp
  • Orca
  • Outdoor Active Gear
  • Pelican Products Inc.
  • Stanley Black & Decker, Inc.
  • The Coleman Company Inc.
  • Yeti Coolers, LLC

Recent Developments

  • In June 2023, Polaris introduced a Patriot Northstar Cooler as a limited edition in collaboration with 2 foundations dedicated to supporting the military, namely Wounded Warriors Canada & the Gary Sinise Foundation.
  • In April 2023, Igloo expanded its Eco Collection with the launch of recycled coolers, featuring collaborations with peanuts and park projects. The pioneering ECOCOOL hard side coolers from Igloo are the first of their kind, crafted in the U.S. using recycled resin compound derived from discarded plastic yogurt cups and milk jugs.

Camping Cooler Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 813.86 million

Revenue forecast in 2032

USD 1,068.30 million

CAGR

3.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Volume, By Product, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region, and segmentation.

Explore the market dynamics of the 2024 Camping Cooler Market share, size, and revenue growth rate, meticulously examined in the insightful reports crafted by Polaris Market Rersearch Industry Reports. The analysis of Camping Cooler Market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.

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FAQ's

AO Coolers, Bison Coolers, Grizzly Coolers, Igloo Products are the key companies in Camping Cooler Market.

The global camping cooler market is expected to grow at a CAGR of 3.5% during the forecast period.

Volume, product, application, and region are the key segments covered.

Rising Camping and RV Culture are the key driving factors in Camping Cooler Market.

The global camping cooler market size is expected to reach USD 1.1 billion by 2032.