Cooling Vests Market to Grow with a CAGR of 6.5% Globally through to 2028
Increasing demand for
personal cooling solutions in hot and humid climates, as well as the growing
awareness of the health benefits of staying cool are factors driving the global
cooling vests market in the forecast
period 2024-2028.
According to
TechSci Research report, “Global Cooling Vests Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Cooling Vests Market stood at USD 412 million in 2022 and is anticipated
to grow with a CAGR of 6.5% in the forecast period, 2024-2028. The Cooling
Vests Market has evolved into a dynamic and essential segment within the
broader landscape of personal protective equipment (PPE) and innovative
wearables. Fueled by a growing awareness of the impact of heat stress on
individuals across diverse industries, the market has witnessed substantial
growth and transformation in recent years.
The Cooling
Vests Market has experienced robust growth, driven by the increasing
recognition of the importance of heat management in various sectors. The
market's size is influenced by factors such as occupational safety regulations,
climate change impacts, and the continual development of advanced cooling
technologies. As industries prioritize the well-being of workers and seek ways
to enhance productivity in challenging environments, the demand for cooling
vests has surged.
Browse over 26
market data Figures spread through 184 Pages and an in-depth TOC on
"Global Cooling Vests Market”
The
market's growth is also reflected in its expanding reach across different
industries. Initially prevalent in sectors with high-temperature work
environments, such as construction and manufacturing, cooling vests are now
finding applications in healthcare, sports, and recreational activities. This
diversification of the market indicates a broader acceptance and understanding
of the benefits offered by cooling vests in maintaining optimal body
temperature. A significant trend is the expansion of cooling vests into the
sports and recreation sector. Athletes and outdoor enthusiasts are increasingly
recognizing the benefits of temperature regulation in enhancing performance and
preventing heat-related issues. The development of sports-specific cooling
vests with features like moisture-wicking materials and enhanced breathability
reflects the market's responsiveness to the evolving needs of consumers beyond
industrial applications.
Military
personnel and troops are the primary consumers of cooling vests, particularly
when they are stationed in hot climates, deserts, or within armoured vehicles
like tanks. Heat stress under high temperatures can cause multiple injuries and
lower military and firefighting personnel's productivity. The military's high
incidence of heat-related illnesses in the United States is driving up demand
for cooling vests. The Armed Forces Health Surveillance Division (AFHSD)
released survey findings recently, showing that while the prevalence of heat
exhaustion slightly increased, the rate of heat stroke incidents remained
mostly consistent between 2020 and 2021. As a result, it is anticipated that
rising demand from firemen and the armed forces will propel the market going
forward. Additionally, the cooling vest market is expanding quickly, which
encourages businesses to introduce cutting-edge solutions to get a competitive
advantage. There are many big and small businesses that sell various kinds of
cooling vests, which has saturated the market. Therefore, new product releases
are anticipated to fuel market expansion.
The
outlook for the Cooling Vests Market is optimistic, driven by the convergence
of technological innovation, sustainability practices, and a growing awareness
of the importance of heat management. As the market continues to evolve,
manufacturers and stakeholders should remain agile, anticipating emerging
trends and proactively addressing challenges. The integration of smart
technologies, sustainable practices, and customization for diverse industries
positions the Cooling Vests Market for sustained growth and increased
prominence in ensuring occupational safety and well-being across global
workforces.
The Global Cooling
Vests Market is segmented into type, application, distribution channel,
regional distribution, and company.
Based on type,
the market is segmented into Evaporative Cooling Vests, Phase Change Cooling
vests, Cold Pack Cooling Vests, and Others. With the largest share of the
market, Evaporative Cooling Vests are expected to expand throughout the course
of the projection period. Phase Change Cooling Vests: With a predicted growth
rate of the greatest CAGR, this market was the second largest in 2022. One kind
of cooling vest that is worn next to the body over other garments like T-shirts
is the evaporative cooling vest.
Based on region,
As of 2022, North America has a sizable market share, and this share is
expected to grow over the course of the projection period. In2022, Asia-Pacific
was the second-largest market; over the long run, it is expected to grow at a
CAGR. Highly industrialized nations dominate the North American market for
cooling vests. In some regions of the world, rising temperatures are forcing
miners and construction workers to wear these cooling vests.
Major companies
operating in Global Cooling Vests Market are:
- Glacier Tek
- UAE Cooling Vest
- Polar Products
- Techniche
- ClimaTech
- Steele
- VersarPPS
- Arctic Heat Pty Lt
- Superchillers Private Limited
- KANOX
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“The market for
cooling vests is experiencing unprecedented growth fueled by a confluence of
factors. Increasing awareness of heat-related health risks, stringent
occupational safety regulations, and the rise in global temperatures are
driving demand across industries. Technological advancements, such as smart
cooling vests and sustainable materials, contribute to market expansion. The
customization of vests for specific sectors, coupled with the market's
diversification into sports and recreation, reflects a dynamic and responsive
industry. With a focus on user comfort and innovative design, the growth
trajectory of the cooling vests market remains robust, promising enhanced
well-being and performance across various applications.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Cooling Vests Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (Evaporative
Cooling Vests, Phase Change Cooling Vests, Cold Pack Cooling Vests, Others), By
Application (Industrial, Medical, Military, Sporting Organisations, Others), By
Distribution Channel (Online, Offline), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Cooling Vests Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Cooling Vests Market.
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