Camping Cooler Market Size, Share, Growth Report 2030

Industry Prospective:

The global camping cooler market size was worth around USD 852.34 Billion in 2022 and is estimated to grow to about USD 1398.62 Billion by 2030, with a compound annual growth rate (CAGR) of approximately 7.12 percent over the forecast period of 2023-2030. The report analyzes the camping cooler market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the camping cooler market.

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Camping Cooler Market: Overview

Camping coolers are a subset of the sports goods and outdoor equipment market. It's camping gear that keeps food and beverages safe. It is mostly utilized on expeditions where food and beverages must be stored for several days. It aids in the preservation of cool and safe food and beverages during picnics, camping, and hiking activities. Other coolers are not portable, making them unsuitable for the activities listed above. While other coolers require energy, are bulky, and are costly, the camping cooler stands out owing to its convenience, ease of portability, and low cost.

Key Insights

• As per the analysis shared by our research analyst, the global camping cooler market is expected to grow annually at a promising CAGR of around 7.12% during the forecast period 2023-2030.
• In terms of revenue, the global camping cooler market size was valued at around USD 852.34 billion in 2022 and is projected to reach a value of USD 1398.62 billion by 2030.
• Increase in awareness about physical fitness, rapid changes in the lifestyle of people, and the prevalence of busy and hectic schedules led to the rise of outdoor activities. Thus, an increase in the number of outdoor activities such as camping, hiking, trekking, and picnics subsequently propelled the demand for camping coolers.
• Based on capacity, the under-25-quart segment held the largest market share in 2022.
• Based on product type, the hard coolers segment held the largest market share in 2022.
• Based on region, the North American region held the dominating market share in 2022

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COVID-19 Impact:

The Covid-19 pandemic has had a significant impact on the outdoor equipment and sporting goods sectors. Lockdowns, border closures, and curfews have further compounded the industry's woes. To deal with the pandemic scenario, all travel and leisure activities have been halted. Moreover, health and safety concerns have prompted everyone to stay at home, these factors damper on the camping cooler market.

Camping Cooler Market: Growth Drivers

Rise in the number of camping among the population is driving the market growth

People's desire to travel is a major element driving the growth of the global camping cooler market. People are becoming more interested in outdoor activities such as picnics, trekking, hiking, camping, sports, and fishing. As a result, there is a greater need for camping coolers as this cooler keeps the food, canned drinks, cold beverages cool and secure. Furthermore, with changes in people's lifestyles and a rise in the level of living, they are more likely to spend money on leisure activities such as camping. As a result, a camping cooler is required to store the food and beverages which in turn is increasing the sales of camping coolers. In addition to this, an increase in demand for camping coolers owing to their cheap prices, easy mobility, and convenience is also driving the growth of the camping cooler market.

Camping Cooler Market: Restraints

Low penetration of the market in low-income countries may impede the market growth

The market for camping cooer is likely to be hindered owing to lack or low demand for camping cooler in developing as well as under-developed countries. Due to low income, people in emerging countries have less spending power and thus, do not intend to spend more on leisure activities like camping or trekking. In addition to this, less traveling and tourism in these countries are also among the factor that is limiting the market growth.

Camping Cooler Market: Opportunities

Camping coolers integrated with advanced features are expected to fuel the market during the forecast period.

In the world of technology, the manufacturers of camping coolers are investing heavily to upgrade the product with advanced features. Thus, the rising development of novel items with solar power, USB ports, Wi-Fi connection, and other features is posing a market growth potential during the forecast period. In addition to this, the availability of electric coolers with a wide range of high-performance powered cooling boxes is also likely to drive market growth. And, depending on the stay, there are three distinct outdoor cooling systems to select compressor, absorption, or thermoelectric.

Camping Cooler Market: Challenges.

Limitations of camping coolers to challenge the growth of the market

The aluminum hanging trays that are featured within the cooler to make sure that the food is dry and far from ice seem to corrode, which is a big disadvantage of the camping cooler. An additional concern is that the camping cooler contains less variety. These factors may act as a challenge to the market expansion. In addition to this, limited temperature control, the necessity of ice cubes to work, and no freezing options are also some of the factors that may serve as a challenge for the growth of the market.

Camping Cooler Market: Segmentation

The global camping cooler market is segregated based on type, material, capacity, application, and region.

Based on type, the market is bifurcated into thermoelectric coolers, hard coolers, and soft coolers. The hard coolers segment held the largest market share in 2022 and is further expected to continue this trend during the forecast period. The major reason for the growth of this segment is the increase in inclination toward hard coolers in various recreational activities due to their vast range of sizes, better durability compared to soft coolers, and a much better lasting power against soft coolers. These factors drive the growth of the segment during the forecast period.  

Based on material, the market is segregated into plastic, metal, and others. Among these, the plastic segment holds nearly 45 percent of the share of the overall market.

The application segment of the market is divided into RV camping, backyard & car camping, ship & fishing, backpacking, and others.

Based on capacity, the market is segregated as under 25 Quart, 25-40 Quart, 41-60 Quart, 61-100 Quart, and over 100 Quart. The under-25-quart segment held an approving market share in 2022 and is further expected to grow rapidly at a significant CAGR during the forecast period. The major reason for the growth of this segment is that camping coolers are compact in size and lighter in weight. This makes it very seamless to move and carry out easily when compared to bigger coolers. The under-25-quart coolers are available in both soft and hard product ranges, where soft iceboxes can be found in both sling and backpack styles. These factors drive the growth of the segment during the forecast period.

Recent Developments

• In May 2020, Yeti introduced a new product line at the 2020 Outdoor Retailer Snow Show, including a robust new camp chair, a high-end V Series Cooler, and revised colors for some of its famous drinkware.
• In September 2021, Dometic Group AB, a publicly-traded Swedish outdoor manufacturer, acquired Igloo Products Corp. for $677 million from private equity firm ACON Investments. With the purchase of Texas-based Igloo, the Swedish business Dometic strengthens its distribution network and offerings in the cooler category.

Camping Cooler Market Report Scope:

Camping Cooler Market: Regional Landscape

North America to rule the global market with the highest market share

North America dominates the global camping cooler market with over 45 percent shares. This is due to the steady growth in the number of travelers choosing hiking and leisure activities. Furthermore, promoting and selling chillers and associated items inside the region is easier than marketing brands in other regions, which will help the camping cooler market develop even faster throughout the projected period. Furthermore, due to an increase in local and international travel spending, the camping cooler market in Latin America is expected to develop significantly. Key factors such as the increase in tourism interest in places such as Brazil, Porto Seguro, and Santa Clara, and the increase in disposable incomes in the region are expected to fuel the expansion of the camping cooler market in the forecast years.

Camping Cooler Industry: Competitive Landscape

Key players functioning in the global camping cooler market include:

• The Coleman Company Inc.
• Yeti Coolers
• Pelican Products Inc. LLC.
• Engel Coolers
• Polar Bear Coolers
• ORCA
• K2 Coolers
• Cordova Outdoors
• Rubbermaid
• Koolatron US
• RTIC Web Services
• AO Coolers
• Igloo Products Corp.
• Outdoor Active Gear
• Bison Coolers
• Grizzly Coolers.

Global camping cooler industry is segmented as follows:

By Type

• Thermoelectric Cooler
• Hard Cooler
• Soft Cooler

By Material

• Plastic
• Metal
• Others

By Capacity

• Under 25 Quart
• 25-40 Quart
• 41-60 Quart
• 61-100 Quart
• Over 100 Quart

By Application

• Backyard and Car Camping
• RV Camping
• Backpacking
• Ship & Fishing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa