A portable cooler is a heat exchange device primarily used to cool fluids, typically using water or air as a coolant to remove heat. It is lightweight, flexible, easy to move and use, suitable for various industrial and commercial scenarios.
Overview of Market Development
The global portable cooler market is showing a steady growth trend, with the market size continuing to expand, and is expected to maintain a growth trend in the coming years. According to our research data, the global portable cooler market revenue is expected to reach $3717 million in 2024, an increase of 10.22% compared to 2023, and is expected to continue to increase to $5326 million by 2029. The CAGR for 2024-2029 is estimated to be 7.46%. The main driving factors for market growth include technological innovation, diversification of consumer demand, and rapid growth in emerging application areas such as the camping market.
Segmented Market Analysis
From the perspective of product types, portable coolers can be divided into two categories based on their external structure and material characteristics: hard-sided coolers and soft-sided coolers. Among them, hard-sided coolers dominate the market, with an expected market share of 80.67% by 2024.
From a regional perspective, the global portable cooler market is mainly concentrated in North America, Europe, and the Asia Pacific region. The total revenue of portable coolers in these three major regions accounts for over 95% of the global total revenue. Among them, North America is the largest revenue market, with an expected revenue share of 68.19% in 2024.
Global Portable Cooler Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the global portable cooler market has a high concentration. According to the data, the total revenue of the portable cooler market for the top 3 companies in 2023 was $1942 million, with a total revenue share of 57.60%. The top three companies were Dometic, YETI, and Newell Brands. In 2023, these three companies' revenue shares in the global portable cooler market were 28.87%, 16.46%, and 12.27%, respectively.
Portable Cooler Market Revenue and Revenue Share of Top3 Companies in 2023
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Companies
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Market Revenue (Million USD)
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Revenue Share
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Dometic
|
973
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28.87%
|
|
YETI
|
555
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16.46%
|
|
Newell Brands
|
414
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12.27%
|
|
Top3 Companies
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1942
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57.60%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Portable cooler Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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