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.
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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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