DALLAS, Nov. 29, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the cooler market looks promising with opportunities in the camping, fishing, boating, travelling, and medical applications. The global cooler market is expected to grow with a CAGR of 6.7% from 2018 to 2023. The major growth drivers for this market are an increase in outdoor recreational activities, growing disposable income, and increasing usage of coolers in storage and transportation of vaccines.
Browse 104 market data tables and 137 figures spread through 193 pages and in-depth TOC on “Global Cooler Market" at https://www.lucintel.com/cooler-market.aspx
In this market, hard body cooler and soft body cooler are used for cooler manufacturing for product type. Lucintel forecasts that hard body cooler is expected to remain the largest segment and witness the highest growth during the forecast period due to the increasing demand for cooler with higher longevity and easy to carry.
Within the cooler market, camping will remain the largest end use market and also witness the highest growth over the forecast period due to increasing spending in outdoor amusement activities and travelling.
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North America is expected to remain the largest market and witness the highest growth over the forecast period due to growing interest in outdoor activities and higher per capita income.
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Emerging trends which have a direct impact on the dynamics of the cooler market include coolers with longer duration of temperature retention and manufacturing of coolers which can prevent contamination of the perishable items by microbial activities. Newell, Igloo Coolers, Tokyo Plast, Coleman, Nilkamal, Grizzly, Bison Coolers, YETI, ORCA, Pelican, and K2 are among the major suppliers of cooler.
Lucintel, a leading global market research firm has analyzed and forecasted for the growth opportunities in the global cooler market by application, type, capacity, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cooler Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.