Portable Mini Fridge Market - Global Industry Analysis

Portable Mini Fridge Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-6833 Status : Upcoming

Description

Global Portable Mini Fridge: Overview

The portable mini fridge is equipment to store cosmetics, food,beverages, medicines, and others. Such fridges are smaller andlighter in weight when compared to old traditional ones. Touristsand travelers take these along with them in the vehicles for longand short trips. Such portable mini-fridges are also referred to astravel mini-fridges. These fridges are widely used in a residence,luxury yachts, marine cruises, passenger & commercial vehicles,recreational vehicles, and medical transport of vaccines & blood.These fridges not only serve the basic purpose of storing andcooling items but, in addition, they come in different capacitysizes in shape. Most of such portable fridges need an output of 240volts, 24 volts, or 12 volts.

Report Scope:

Report AttributeDetails
Base Year2020
Historic Years2016 - 2020
Forecast Years2022 - 2028
Segments CoveredBy Product Type, By Application, and By End Use
Forecast UnitsValue (USD Billion), and Volume (Units)
Quantitative UnitsRevenue in USD million/billion and CAGR from 2022 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa, and Rest of World
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain,China, India, Japan, South Korea, Brazil, Argentina, GCC Countries,and South Africa, among others
Number of Companies Covered10 companies with scope for including additional 15 companiesupon request
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s fiveforces analysis, PEST analysis, value chain analysis, regulatorylandscape, market attractiveness analysis by segments and region,company market share analysis, and COVID-19 impact analysis.
Customization ScopeAvail customized purchase options to meet your exact researchneeds.

Global Portable Mini Fridge: Growth Factors

The global portable mini fridge market is likely to reach $1985billion by 2026, with a CAGR of 6.8 % during the forecast period.The growing interest in outdoor recreational activities amongpeople due to the rising awareness among people for personalqualitative time and improved fitness is likely to bring newopportunities in the global portable mini fridge market. Thesefridges are well equipped with evaporative cooling technology withan adequate freezing facility that well fits the wide range ofpurposes. Furthermore, the ongoing technological advancements ledto the evolution of high energy-efficient models, which in turn isfurther likely to escalate the growth of the global portable minifridge market exponentially during the forecast period. Inaddition, other prime factors like the adoption of mobile homes andthe micro home concept are likely to offer several lucrative growthopportunities for portable mini fridges globally. It has become amost viable option in transport, trucks, and modern offices due toits nature to virtually fit anywhere with lower power consumption.However, the significant spike in recreational activities likeadventurous road trips, trekking, camping, picnic, and outingsamong people of different age groups is also igniting the demandfor portable mini-fridges. For instance, Engel Australia Pty Ltd.,in April 2019, launched its new limited edition of the retro seriesportable fridge under the umbrella Engel MT60F-G4FT fridge andEngel MT45F-G4FT. These fridges are particularly designed foroutdoor recreational activities and camping trips. The market isbouncing back with modern technology and new trends in the marketafter the Covid-19 pandemic and worldwide lockdowns.

Global Portable Mini Fridge: Segmentation

The global portable mini fridge market can be segmented into thedistribution channel, application, capacity, and others.

By distribution channel, the market can be segmented into onlineand offline distribution channels.

By application, the market can be segmented into residential andcommercial.

By type, the market can be segmented into 4-5 cubic feet, 3-3.9cubic feet, 2-2.9 cubic feet, 1-1.9 cubic feet, and less than onecubic feet.

Global Portable Mini Fridge: Regionalanalysis

North America accounts for the largest share in the globalportable mini fridge market due to the growing recreationalactivities. In addition, the growing scope of the hospitalitysector is likely to emerge as a prime factor promulgating thegrowth of the regional market over the forecast year. Furthermore,it is among the most traveled tourism regions globally, thereby itis likely to further accentuate the growth of the regionalmarket.

Asia Pacific is likely to emerge as the most lucrative regionfor the growth of the global portable mini fridge market with aCAGR of 6.1 % due to the booming hotel industry in the region.Also, the growing disposable income of the people, along with theirincreasing inclination towards recreational activities, willfurther complement the growth of the regional market.

Global Portable Mini Fridge: CompetitivePlayers

Some of the significant players in the global portable minifridge market include Whynter LLC, Engel Australia Pty Ltd., GodrejIndustries, LG Electronics, Koolatron CA, Haier Inc., and DometicGroup AB.

Global Portable Mini Fridge: Regional SegmentAnalysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms ofvolume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold inthe market.

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FrequentlyAsked Questions

The global portable mini fridge market is likely to reach $1985 billion by 2026, with a CAGR of 6.8 % during the forecast period. The growing interest in outdoor recreational activities among people due to the rising awareness among people for personal qualitative time and improved fitness is likely to bring new opportunities in the global portable mini fridge market.

Some of the significant players in the global portable mini fridge market include Whynter LLC, Engel Australia Pty Ltd., Godrej Industries, LG Electronics, Koolatron CA, Haier Inc., and Dometic Group AB.

North America accounts for the largest share in the global portable mini fridge market due to the growing recreational activities. In addition, the growing scope of the hospitality sector is likely to emerge as a prime factor promulgating the growth of the regional market over the forecast year.

 

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