Global Cooling Vests Market Size By Product(Evaporative Cooling Vests, Phase Change Cooling vests, Cold Pack Cooling Vests), By Application(Military / Government, Industrial Applications, Medical Application, Sports & Recreation), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Cooling Vests Market Size By Product(Evaporative Cooling Vests, Phase Change Cooling vests, Cold Pack Cooling Vests), By Application(Military / Government, Industrial Applications, Medical Application, Sports & Recreation), By Geographic Scope And Forecast

Cooling Vests Market Size And Forecast

Cooling Vests Market size was valued at USD 409.06 Million in 2021 and is projected to reach USD 624.44 Million by 2030, growing at a CAGR of 4.50% from 2023 to 2030.

The cooling vest market is crowded with the presence of several large and small companies that offer different types of cooling vest. Hence, new launches are expected to push the market growth. The Global Cooling Vests Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Cooling Vests?

Think about itlots of jobs, especially in facilities management, happen in seriously hot places. So, what can help? Well, a good cooling garment can really make a difference, easing heat stress and helping you work better in the heat. A cooling vest, for instance, is like a specially designed piece of clothing that helps keep your body temperature down, making those sweltering conditions bearable. Just soak it, wear it for about 4 hours, and then re-soak for another go! You often see firefighters using them because they're constantly battling intense heat. But they're not just for firefighters. Police officers and mine workers also rely on them when they're facing high temperatures. And, get this, cooling vests even have medical applications! People with multiple sclerosis, for example, sometimes use them because they're sensitive to heat. Plus, they can help patients with breast cancer and those with skin conditions that affect sweating, like ectodermal, anhidrosis, dysplasias, ichthyosis, or thermogenic. Even pharmacists suggest them for muscle pain relief.

? Global Cooling Vests Market Attractiveness Analysis

The Cooling Vests Market is really catching on in North America! We're seeing a lot of interest here, and experts predict North America will hold a significant chunk of the market all the way to 2030. The U.S. is a major player in this, expected to grow at a pretty solid rate of 4.22% each year. What's driving this growth? Well, researchers are constantly exploring new and improved ways to make personal cooling systems work even better and last longer. We're looking at North America adding a whopping USD 62.04 Million to the market, with an expected growth rate of 4.10% from 2023 to 2030. Think about itwith temperatures rising, construction workers and miners in many industrialized countries in North America are increasingly turning to cooling vests to stay comfortable and productive!

Global Cooling Vests Market Overview

You know, those cooling vests are really popular, especially with military folks and troops stuck in scorching places like deserts or inside hot armored vehicles. When it's crazy hot, heat stress can cause all sorts of problems, from injuries to making it tough for soldiers and even firefighters to do their jobs. Heat illness is a real issue in the US armed forces, which is why everyone's clamoring for these vests. The Armed Forces Health Surveillance Division (AFHSD) did a survey and found that heat exhaustion cases have ticked up a bit, while heat stroke incidents have stayed about the same between 2020 and 2021. So, all that demand from the military and firefighters is really going to fuel this market. And because these vests are getting so popular, companies are rushing to create newer, high-tech versions to stay ahead of the competition. There are tons of companies, big and small, all making different kinds of cooling vests. So, expect to see even more cool new vests hitting the market, which will only make the whole thing grow even faster.

In addition, favorable heat standards by regulatory institutes and new product launches are other factors driving the market. For instance, the National Institute for Occupational Safety and Health (NIOSH) provided criteria for Occupational Exposure to Heat and Hot Environments to protect workers from the ill effects of high-temperature exposure. This standard promotes the use of personal protective clothing including water and air-cooled garments along with cooling vests to promote body cooling.

Global Cooling Vests MarketSegmentation Analysis

The Global Cooling Vests Market is segmented on the basis of Product, Application, and Geography.

Cooling Vests Market by Product

  • Evaporative Cooling Vests
  • Phase Change Cooling vests
  • Cold Pack Cooling Vests
  • Others

To Get Summarized Market Report By Product-

When we look at these cooling vests by Product type, the market breaks down into categories like Evaporative Cooling Vests, Phase Change Cooling Vests, Cold Pack Cooling Vests, and a few Others. Right now, Evaporative Cooling Vests are the most popular, grabbing the biggest slice of the market, and they're expected to keep growing. While Phase Change Cooling Vests were the second-biggest seller back in 2021, they're actually predicted to grow the fastest! What are Evaporative Cooling Vests anyway? Well, they're the kind you wear snug against your body, but still on top of a T-shirt or something. They're super popular and usually pretty affordable. The whole idea is based on good old water evaporation – just like using a wet towel to cool down, something people have done for ages.

Cooling Vests Market by Application

  • Military / Government
  • Industrial Applications
  • Medical Application
  • Sports & Recreation

To Get Summarized Market Report By Application-

When we look at Cooling Vest use by Application, we see categories like Military / Government, Industrial Applications, Medical Application, and Sports & Recreation. Turns out, the Military / Government sector used the most cooling vests in 2021, and they're expected to keep growing! Industrial Applications came in second for usage that year, but experts think this category will grow the fastest. Think about itwhen soldiers aren't battling threats to national security, they're often battling the heat! Many operations happen in really hot places. That's why a cooling vest can make a huge difference, improving comfort, boosting performance (both mentally and physically), and helping soldiers recover faster. That's a big reason why you see cooling vests used so much in military and government settings.

Cooling Vests Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

To Get Summarized Market Report By Geography- 

Okay, so when we look at where cooling vests are popular, we see the market divided into regions like North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America was a big player in 2021, and we expect that to continue. Asia Pacific came in second that year, and its growth is expected to be steady for quite a while. In North America, countries with lots of industry are driving demand. Plus, things like rising temperatures are pushing construction workers and miners to wear cooling vests in certain areas. And get thisChina is growing the fastest compared to everyone else! A major buyer of cooling vests there is the military and government. Most of the cooling vests China exports end up in the United States, India, and Indonesia.

Key Players

The major players in the market are; Glacier Tek, Polar Products, Steele, Techniche, ClimaTech, Arctic Heat Pty Ltd, TAIWAN K.K. CORP (KANOX.), First Line Technology, Aspire international, East wind among others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

? Company Market Ranking Analysis

Want to know who's leading the pack in the Cooling Vests market? Our company ranking analysis dives deep into the top 3 players. We don't just pull names out of a hat – we consider a whole bunch of things! Right now, First Line Technology, Techniche, and Glacier Tek are the names to watch. We look at each company's brand value, how diverse their product lineup is (think different types, specs, features, and prices), and where they're selling their vests around the globe. We also check out their recent sales numbers and how much of the overall pie they own. Beyond that, we really dig into their product strategies, like what tech they're using and how they're trying to grow, both globally and in specific regions. And, of course, we check out their distribution network – both online and in physical stores – to see how strong their presence is in different Cooling Vests markets.

? Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Glacier Tek has its presence globally i.e. in North America, Europe, Asia Pacific and RoW. Similarly, Techniche has its presence in North America, Europe and APAC.

Think of the industrial footprint section as a detailed map. It compares different industries and key players to show you exactly where companies fit into the bigger picture. Take the Cooling Vests market, for example. We've looked at four main areasmedicine, sports & recreation, military/government, and "others." ClimaTech, for instance, focuses on medicine and sports, while Glacier Tek is active in all four. We've reviewed all the major companies in this way to give you a feel for their strengths and focus. This helps us understand the Cooling Vests market on both a global and a country-by-country level.

? Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Cooling Vests market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Glacier Tek, Polar Products, Steele, Techniche, ClimaTech, Arctic Heat Pty Ltd, TAIWAN K.K. CORP (KANOX.), First Line Technology, Aspire international, East wind among others.

SEGMENTS COVERED

By Product, By Application, and By Geography

CUSTOMIZATION SCOPE

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Reasons to Purchase this Report

We'll dive into the market with both qualitative and quantitative analysis, breaking it down using economic and non-economic factors. Expect to see hard numbers—market value data in USD Billion—for every segment and sub-segment we explore. We'll point out the region and segment we think are primed for the fastest growth and which ones will really take the lead. We'll also analyze each geographic area, looking at how much of the product/service is being used and what's influencing the market there. Want to know who's on top? We'll cover the competitive landscape, ranking the major players and detailing their recent moves – new products, partnerships, expansions, and acquisitions over the last five years. You'll also get extensive company profiles, covering everything from their overview and insights to product benchmarking and SWOT analysis. We'll give you the current and future market outlook, looking at recent developments, growth opportunities, drivers, and the challenges facing both emerging and developed regions. Plus, we'll provide an in-depth look at the market through the lens of Porter's five forces, offering a clear VC insight. We'll also explore the market dynamics and potential growth opportunities in the years ahead. And to top it off, you'll get 6 months of analyst support after the sale to help you make the most of the insights.

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