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?

Extreme hot environments dominate many occupational settings, and facilities management workers are no exception. Wearing a suitable cooling garment is a valuable means to alleviate heat strain and enhance performance at heat exposure. A cooling vest is a piece of specially-made clothing created to reduce or normalize body temperature and make exposure to warm temperatures or environments more tolerable. It stays hydrated for around 4 hours, at which point the vest can be resubmerged and put back on for another round. Cooling vests are utilized mainly by firefighters who have to deal with a regular invasion of heat on their bodies. Besides, cooling vests are also used by police officers and mine workers when there is broad exposure to high temperatures. Medical use of cooling vests is also a category where people generally have multiple sclerosis due to increased body temperature. Also, patients with breast cancer and skin conditions with lower sweating, such as ectodermal, anhidrosis, dysplasias, ichthyosis, or thermogenic. Additionally, patients suffering from muscle pain are typically advised by pharmacists to use cooling vests for pain relief.

 Global Cooling Vests Market Attractiveness Analysis

Cooling Vests Market is experiencing a scaled level of attractiveness in the North American region. The North American area has a prominent presence and will account for a significant market share by 2030. The U.S is one of North America’s main markets. U.S. is growing with a substantial CAGR of 4.22% over the forecast period. The region’s market benefits from researching various physiological and technological methods to extend the operational endurance and efficiency of future personal cooling systems.North America is projected to gain an incremental market value of USD 62.04 Million and is expected to grow at a CAGR of 4.10% between 2023 and 2030. The cooling vests market in North America is dominated by highly industrialized countries. Temperature rise, among other factors, is causing construction workers and miners in certain parts of the world to wear these vests.

Global Cooling Vests Market Overview

The cooling vests demand is driven mainly by military forces and troops, especially when they are present in hot climate zones, deserts, or armoured vehicles like tanks. In high-temperature conditions, heat stress may lead to several injuries as well as a reduction in productivity for military troops and even firefighters. The prevalence of the heat illness in United States among the armed forces is creating high demand for cooling vest. According to the recent survey statistics by Armed Forces Health Surveillance Division (AFHSD), the rate of heat exhaustion slightly increased, whereas, the rate of incident heat stroke remained largely stable between 2020-2021. Thus, an increasing demand from military forces and firefighters is expected to drive the market in the future. Also, the demand for the cooling vest is growing at a rapid pace, which attracts companies to launch technologically advanced products in order to get a competitive edge. 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.

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-

Based on Product, the market is segmented into Evaporative Cooling Vests, Phase Change Cooling vests, Cold Pack Cooling Vests, and Others. Evaporative Cooling Vests accounted for the largest market share and is projected to grow during the forecast period. Phase Change Cooling Vests was the second-largest market in 2021, it is projected to grow at the highest CAGR. Evaporative Cooling Vests is a type of cooling vest that is worn close to the body but over other clothing items such as T-shirts. It is one of the most popular and affordable options in the market. The principle works with water evaporation, as it has for centuries with wet towels and other fabrics.

Cooling Vests Market by Application

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

To Get Summarized Market Report By Application-

By Application, Cooling Vests are classified as Military / Government, Industrial Applications, Medical Application, Sports & Recreation. Military / Government accounted for the largest market share in 2021, and are projected to grow % during the forecast period. Industrial Applications was the second-largest market in 2021; it is projected to grow at the highest CAGR. In the military sector, apart from dealing with combatants on the battlefield and other serious threats to national security, military personnel must also deal with another deadly serious threat i.e. heat. Many operations take place in areas with severe thermal constraints. The cooling vest can thus improve soldiers’ comfort, optimize their physical and cognitive performance, and hasten their recovery. Owing to these factors, cooling vest are majorly used in military/ government sectors.

Cooling Vests Market by Geography

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

To Get Summarized Market Report By Geography- 

On the basis of regional analysis, the Global Cooling Vests Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America holds a significant market share in 2021, and is projected to rise during the forecast period. Asia pacific was the second-largest market in 2021; it is projected to extend at a long-term CAGR. The cooling vests market in North America is dominated by highly industrialized countries. Temperature rise, among other factors, is causing construction workers and miners in certain parts of the world to wear these Cooling vests. Besides, among all the regions, China is the fastest-growing nation, with a highest long-term CAGR. One of the major end users for Cooling Vests in China is Military and Government sector. The majority of China’s cooling vest exports are to 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

The company ranking analysis provides a deeper understanding of the top 3 players operating Cooling Vests market. takes into consideration several factors before providing a company ranking. The top three players for the wafer cutting fluid market are First Line Technology, Techniche and Glacier Tek. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various 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.

Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. For Cooling Vests market, four industries have been considered, i.e., medicine, sports & recreation, military/government, and others. For instance, ClimaTech has its presence in medicine and sports & recreation. On the other hand, Glacier Tek has its presence in all mentioned industry. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Cooling Vests market presence on a global and 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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