Global Cooling Vests Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Cooling Vests market:
The latest research study on the global Cooling Vests market finds that the global Cooling Vests market reached a value of USD 813.59 million in 2022. It’s expected that the market will achieve USD 1036.53 million by 2028, exhibiting a CAGR of 4.12% during the forecast period.

A cooling vest is a special garment designed to lower or stabilize your body temperature and make it easier to expose to warm climates or environments. Cooling vests are used by many athletes, construction workers and welders, as well as people with multiple sclerosis, sweaty subcutaneous dysplasia, or various sports injuries.

Driving Factors for this Market
Cooling Vests is suitable for thermal protection in high temperature, high heat and high humidity environments. The main downstream applications and groups are:
Engine room of submarine ship; industrial operations such as metallurgy, casting, glass manufacturing, and furnace; summer heat in hospital patients and families; firefighters, fire scenes; furnace, transportation, chef.
People working and active in the wild environment, such as: traffic police, special police; geology, oil, electricity, sanitation; outings, leisure; railways, drivers.
Therefore, downstream demand is mainly driven by the prosperity of various industries brought by economic development. On the one hand, with the continuous development of the global economy, various countries and regions are actively developing industries, improving the level of infrastructure construction, and increasing market demand, but due to price reasons, demand growth has been lower. On the other hand, the application of Cooling Vests in the military is relatively stable, and the demand in this field is relatively large.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Techniche is one of the major players operating in the Cooling Vests market, holding a share of 31.41% in 2019.

Techniche produces smart clothing designed to resist heat stress and help maintain the body's natural body temperature regulation. The main products include various types of cooling vests, pneumatic hand warmers, etc.

Glacier Tek produces high-tech garments to help wearers be protected from thermal stress in extreme environments. Glacier Tek's main products include Body cooling vests, cool vests, ice vest and other products.

Segmentation Overview:
Among different product types, Evaporative Cooling Vests segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Industrial segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Cooling Vests market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Cooling Vests market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Cooling Vests and its sub-markets in an intuitive way.

Key Companies in the global Cooling Vests market covered in Chapter 3:
Allegro Industries
Arctic Heat
Maranda Enterprises
Techniche
First Line Technology
Steele Cooling Vests
Ergodyne Corporation
Polar Products
Glacier Tek
Coolshirt System

In Chapter 4 and Chapter 14.2, on the basis of types, the Cooling Vests market from 2018 to 2029 is primarily split into:
Circulating Cool Water Vests
Evaporative Cooling Vests
Ice Chilled Cooling Vests
Vortex Cooling Vests
Phase Change Cooling Vests
Thermoelectric Cooling Vests
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cooling Vests market from 2018 to 2029 covers:
Industrial
Medical
Military
Sporting Organizations
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Cooling Vests market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

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