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 itloads of jobs, particularly in facilities management, are in scorching hot environments. What can you do? A good cooling garment can be a game-changer, reducing heat stress and boosting your performance in the heat. Take a cooling vest, for example. It's like a specially designed bit of kit that helps keep your body cool, making those sweltering conditions manageable. Just soak it, wear it for around 4 hours, and then re-soak it for another round! You'll often see firefighters sporting them because they're always facing intense heat. But they're not just for firefighters. Police officers and mine workers swear by them when things get really hot. And, believe it or not, cooling vests even have medical applications! People with multiple sclerosis sometimes use them because they're extra sensitive to heat. Plus, they can help patients with breast cancer and folks with skin conditions that mess with sweating, like ectodermal, anhidrosis, dysplasias, ichthyosis, or thermogenic. Even pharmacists recommend them for easing muscle pain.

? Global Cooling Vests Market Attractiveness Analysis

The Cooling Vests Market is really taking off in North America! There's tons of buzz around them, and experts are saying we'll hold a significant share of the market all the way up to 2030. The U.S. is a big part of this, predicted to grow at a nice, steady pace of 4.22% annually. So, what's the deal? Well, researchers are always tinkering and finding ways to make these personal cooling systems work better and last longer. We're expecting North America to add a huge USD 62.04 Million to the market, with growth estimated around 4.10% between 2023 and 2030. Just imagineas temperatures climb, construction workers and miners in many industrialized countries in North America are relying more and more on cooling vests to keep comfortable and get the job done!

Global Cooling Vests Market Overview

Those cooling vests are a hit these days! Military folks and anyone stuck in ovens like deserts or armored vehicles absolutely love them. When the heat's on full blast, heat stress can mess things up big time, causing injuries and making it hard for soldiers and even firefighters to get their work done. Heat illness is a serious worry for the US armed forces, so everyone's scrambling for these vests. The Armed Forces Health Surveillance Division (AFHSD) even looked into it and saw that heat exhaustion is slightly up, but heat stroke is holding steady (between 2020 and 2021). All that demand from the military and firefighters is really going to boost this market. And with these vests getting so much attention, companies are racing to build the newest, coolest (pun intended!) tech versions. Big companies, small companies – everyone's making cooling vests. So, expect to see a flood of new and improved vests coming out, which is only going to make the whole market bigger and better!

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-

So, when we talk about Product types of cooling vests, you've got options like Evaporative Cooling Vests, Phase Change Cooling Vests, Cold Pack Cooling Vests, and a catch-all Others. Evaporative Cooling Vests are the big winners right now, the most popular choice, and they're expected to stay that way. But get this – even though Phase Change Cooling Vests were number two in 2021, they're actually predicted to have the fastest growth! Now, what are Evaporative Cooling Vests, you ask? They're designed to fit close to your body, but you still wear them over a T-shirt or something similar. They're a favorite and usually pretty budget-friendly. The magic is all in water evaporation – just like using a wet towel to cool off, a trick as old as time!

Cooling Vests Market by Application

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

To Get Summarized Market Report By Application-

So, when we're talking about Cooling Vest use by Application, you've got your main groupsMilitary / Government, Industrial Applications, Medical Application, and Sports & Recreation. Get thisMilitary / Government folks were the biggest users of cooling vests back in 2021, and that's only going up! Industrial Applications were second in line that year, but the word on the street is that they're going to see the biggest jump in usage. Makes sense, right? It's not just threats to national security these soldiers face, but also intense heat! A cooling vest can be a game-changer, making them more comfortable, sharper, and stronger - plus, they recover quicker. It's a major factor in why you see these vests so widely adopted in military and government situations.

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 where are cooling vests popular? Well, the market's spread out across places like North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America was a big player in 2021, and we think it'll stay that way. Asia Pacific was runner-up that year, and its growth is expected to be steady for a good while. In North America, all those industrial countries are really driving demand. Plus, with temperatures climbing, construction workers and miners are wearing them more and more in certain areas. And here's a kickerChina's growing faster than anyone else! The military and government there are major buyers. 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

So, you're curious about who's on top in the Cooling Vests game? We've got you covered with our company ranking analysis, spotlighting the top 3 contenders. Forget guessing – we're looking at the real deal! Right now, First Line Technology, Techniche, and Glacier Tek are the companies to watch. We're talking brand value, product variety (think different types, features, and price points!), and their global reach. We also peek at recent sales figures and market share. But it doesn't stop there; we really get into their product strategies – the tech they're using, and their growth plans, globally and locally. And of course, we examine their distribution network, both online and in stores, to see just how strong they are 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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Let's explore the market together using both qualitative and quantitative analysis, considering economic and non-economic factors to really understand what's going on. We'll be throwing around some hard numbers – think market value data in USD Billion – for every area we examine. We'll highlight the region and segment we think are primed for the fastest growth and the ones that will dominate. We'll also break down each geographic area, seeing how much of the product/service is being used and what's shaping the market there. Curious about the key players? We'll map out the competitive landscape, ranking the leaders and detailing their recent actions – like new products, partnerships, expansions, and acquisitions over the past five years. You'll get detailed company profiles, covering everything from a company overview and insights to product benchmarking and SWOT analysis. We'll share our take on the current and future market, exploring recent events, growth opportunities, drivers, and the challenges facing both up-and-coming and established regions. Plus, we'll give you an in-depth view of the market through Porter's five forces, offering a clear VC insight. We'll also dig into the market dynamics and the potential for growth down the road. And the best part? You'll have 6 months of analyst support after your purchase to help you leverage these insights.

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