PUBLISHER: The Business Research Company | PRODUCT CODE: 1387907
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387907
“Ice Boxes Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ice boxes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ice boxes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ice boxes market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Sub-Segments
Ice boxes are non-mechanical, insulated containers or chests designed for the cooling and preservation of food. These boxes are particularly useful during activities like picnics, holidays, and vacations, as well as in regions with hot weather conditions. They are also handy for transporting cold groceries.
The primary product categories of ice boxes include inflatable coolers, marine coolers, soft-sided coolers, and standard ice chests. Marine coolers are specially engineered to endure the harsh conditions of boating, featuring rust-resistant, slip-resistant, and UV-protected materials. They provide superior insulation compared to standard coolers, with some even equipped with commercial-grade gasket lids to effectively shield contents from hot summer temperatures. Ice boxes are constructed using various materials, including metal, plastic, and fabric. These ice boxes serve a wide range of applications, catering to camping enthusiasts, medical and military uses, and are employed by household, commercial, and industrial end-users.
The ice boxes market research report is one of a series of new reports from The Business Research Company that provides ice boxes market statistics, including ice boxes industry global market size, regional shares, competitors with a ice boxes market share, detailed ice boxes market segments, market trends and opportunities, and any further data you may need to thrive in the ice boxes industry. This ice boxes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ice boxes market size has grown rapidly in recent years. It will grow from $0.48 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth observed in the historical period can be attributed to several factors, including the use of pre-electric refrigeration methods, the practice of block ice delivery for cooling purposes, the impact of industrialization and urbanization, and the development of transportation and delivery networks that facilitated the availability and distribution of ice boxes. These factors collectively contributed to the growth of the ice box market in the past.
The ice boxes market size is expected to see rapid growth in the next few years. It will grow to $0.91 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The anticipated growth in the forecast period can be attributed to various factors, including the emergence of niche and specialty markets, the appeal of retro and vintage design elements, a growing emphasis on energy efficiency and sustainability, the use of ice boxes in off-grid and remote applications, and the demand for custom and artisanal designs. Furthermore, significant trends expected in the forecast period include modern retro designs, the development of dual-function ice boxes, the use of sustainable materials, a focus on personalization and customization, and efforts to preserve and honor the heritage and history associated with ice boxes.
The surge in outdoor social gatherings, camping, and caravanning is fueling the expansion of the ice boxes market. With a growing number of individuals engaging in outdoor recreational pursuits, there is an increased need for ice boxes to preserve food and drinks. Campers and travelers prefer carrying their own perishables, necessitating cool storage solutions to prevent spoilage.
The rise in fishing activities is expected to significantly contribute to the growth of the ice boxes market in the foreseeable future. Ice boxes play a crucial role in preserving the quality and freshness of caught fish by maintaining low temperatures during storage and transportation. According to the Outdoor Industry Association's June 2023 report, there was a 4% increase in the number of Americans-54.5 million ages 6 and above-participating in recreational fishing in 2022, showcasing the growing trend. Thus, the escalating fishing pursuits are a driving force behind the increased demand for ice boxes.
The usage of ice boxes can be limited in environments characterized by extremely cold weather and high rainfall, where consumers tend to prefer warm food and beverages. Additionally, the reliance of ice boxes on ice cubes or packs can act as a limitation for their market penetration.
Manufacturers in the ice boxes market are investing in the research and production of collapsible and foldable coolers to minimize storage space. These coolers are constructed from insulated canvas with heat-welded seams to prevent leaks. When not in use, they can be conveniently folded for compact storage. Notable companies manufacturing these collapsible and foldable coolers include Coleman, AO Coolers, and Columbia.
Key players in the ice boxes market are concentrating on introducing advanced refrigerators such as the Bespoke Top-Mounted Freezer Refrigerator to gain a competitive advantage. The Bespoke Top-Mounted Freezer Refrigerator, introduced by Samsung Electronics Co. Ltd. in March 2023, is a unique type of refrigerator with a freezer compartment positioned on the top. This model is designed to add a distinct and stylish touch to any kitchen, offering a wide array of bespoke color and texture options. It features four temperature modes-fridge, meat and fish, soft freeze, and power cool-that allow efficient and optimal storage of various food types. Moreover, the refrigerator incorporates AI-assisted energy-saving and optimal refrigeration modes, ensuring both energy efficiency and food freshness.
Major companies operating in the ice boxes market include Igloo Corporation, The Coleman Company Inc. (Esky), Rubbermaid Commercial Products, Grizzly Coolers LLC, Engel Coolers, Bison Coolers, ORCA (Outdoor Recreation Company of America), Pelican Products Inc., Polar Bear Coolers, YETI Coolers LLC, K2 Coolers, AO Coolers, Stanley (Stanley Black & Decker), OAGear, Koolatron Corporation, Cool Ice Box Company Ltd., Perlick Corporation, Arctic Zone, Quechua (Decathlon), Cadac, Mobicool, SnoMaster, Ozark Trail (Walmart brand), Cabela's Inc., Gander Outdoors, Bass Pro Shops, RTIC Coolers, Canyon Coolers, Black Rock Gear, Dometic Group AB, Techni Ice, Icey-Tek, Frigid Rigid Coolers, IceMule Coolers, Koolatron, NorChill Coolers, Picnic Time Inc., Seattle Sports, Thermos LLC
Asia-Pacific was the largest region in the ice boxes market in 2023. Western Europe was the second-largest region in the ice boxes market. The regions covered in the ice boxes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ice boxes market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The ice boxes market consists of sales of handle ice boxes, wheeled ice boxes, and other ice boxes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.