Global Cooling Vests Market Insights Forecasts to 2033

• The Global Cooling Vests Market Size was Valued at USD 446.70 Million in 2023
• The Market Size is Growing at a CAGR of 4.45% from 2023 to 2033
• The Worldwide Cooling Vests Market Size is Expected to Reach USD 690.50 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Cooling Vests Market Size is Anticipated to Exceed USD 690.50 Million by 2033, Growing at a CAGR of 4.45% from 2023 to 2033.

Market Overview

A cooling vest is a specialized type of apparel designed to reduce or maintain body temperature and lessen the discomfort of being in warm weather. The vest can be resubmerged and worn for a further round after it has stayed hydrated for about four hours. Firefighters are the primary users of cooling vests because they constantly deal with heat invasion into their bodies. A different application for cooling vest use is medical, where the wearer typically has the disease due to high body temperatures. When additional protective gear is worn, cooling vests allow workers to work longer shifts and make modifications as needed.

For instance, the National Institute for Occupational Safety and Health (NIOSH) established guidelines for occupational exposure to heat and hot environments to protect workers against the adverse effects of exposure to elevated temperatures.

Several factors drive the industry, including rising consumer awareness of the health benefits of staying cool as well as rising demand for personal cooling solutions in humid and hot conditions. Furthermore, key market players such as Glacier Tek, Polar Products, Steele, Techniche, ClimaTech, and Arctic Heat Pty Ltd. The development of fresh, cutting-edge cooling technologies, market expansion, and rising public awareness of the health benefits of maintaining a cool temperature will be driving the cooling vests market.

Report Coverage

This research report categorizes the market for cooling vests market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the cooling vests market. Recent market developments and competitive strategies such as expansion, type launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the cooling vests market.

Driving Factors

Regulations concerning occupational safety and health are a major factor in the commercial use of cooling vests. Workers are required by strict requirements to offer suitable protection against severe temperatures, as governments around the world prioritize worker safety. Companies need to use cooling vests with cutting-edge cooling technology to conform to these rules and maintain safer workplaces. The significance of reducing heat stress in the workplace is being acknowledged by regulatory agencies and governments on a growing basis. Due to this realization, regulations requiring the use of cooling vests in particular sectors of the economy like manufacturing, construction, and agriculture have been developed. In addition to ensuring worker safety, adherence to these standards increases demand for cooling vests and drives market growth.  

Restraining Factors

The lack of knowledge and understanding regarding the benefits and uses of cooling vests is one of the main restraints to the cooling vest market. Many potential users are not completely aware of the risks of heat-related illnesses or the available preventive measures, such as cooling vests, especially in industries with relaxed occupational safety requirements.

Market Segmentation

The cooling vest market share is classified intotype and application.

• The evaporative cooling vests segment is estimated to hold the highest market revenue share through the projected period.

Based on the type, the cooling vests market is classified into evaporative cooling vests, phase change cooling vests, cold pack cooling vests, and others. Among these, the evaporative cooling vests segment is estimated to hold the highest market revenue share through the projected period. The evaporative cooling vest is one type of cooling vest that is placed close to the body it is worn over T-shirts and other articles of clothing. This is one of the most popular and affordable alternatives on the market.  The theory of water evaporation is the same as the one that has been used for centuries to describe damp towels and other textiles.

• The military/government segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the cooling vests market is divided into military/government, industrial applications, medical applications, sports & recreation. Among these, the military/government segment is anticipated to hold the largest market share through the forecast period. Military workers and government workers must deal with heat, which is a lethal serious threat in addition to fighters on the field and other significant risks to national security. Many procedures are conducted in environments with strict thermal restrictions. Thus, the cooling vest can maximize soldiers' physical and mental performance, promote comfort, and speed their recovery. These reasons have led to the majority of cooling vest usage in the military and government.

Regional Segment Analysis of the Cooling Vests Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the cooling vests market over the predicted timeframe.

North America is anticipated to hold the largest share of the cooling vests market over the predicted timeframe. North America's cooling vest market is controlled by highly developed nations. These cooling vests are used by miners and construction workers in some parts of the world due to rising temperatures, among other factors. The market in this region gains from studies into different physiological and technological strategies to increase the operational longevity and effectiveness of upcoming personal cooling devices.

Asia Pacific is expected to grow at the fastest CAGR growth of the Cooling Vests market during the forecast period. China maintains the highest long-term CAGR and is the fastest-growing country. The military and government sectors are two of the main end customers of cooling vests in China. The primary users of cooling vests in China are the armed forces and the government. The US, India, and Indonesia are China's top three markets for export for cooling vests.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the cooling vests market along with a comparative evaluation primarily based on their type offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Glacier Tek
• Polar Products
• Steele
• Techniche
• ClimaTech
• Arctic Heat Pty Ltd
• KANOX
• VersarPPS
• Superchillers Private Limited
• UAE Cooling Vest
• Shandong XUNKAI Fire Equipment
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, The Japanese company FreshService the manufacturer of the innovative Air Cooler Vest. Just in time for the next warmer seasons, the company has made a comeback and unveiled its AIR COOLING VEST_Ver.2.0 as a part of its second collaboration with Air Conditioned Clothes.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cooling vests market based on the below-mentioned segments: 

Global Cooling Vests Market, By Type

• Evaporative Cooling Vests
• Phase Change Cooling vests
• Cold Pack Cooling Vests
• Others

Global Cooling Vests Market, By Application

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

Global Cooling Vests Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa