IMARC Group has recently released a new research study titled “Portable Mini Fridge Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the portable mini fridge market?
The global portable mini fridge market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
What is the portable mini fridge?
A portable mini fridge is a compact refrigeration unit designed for convenience and mobility. Unlike traditional refrigerators, which are stationary and require a dedicated space, portable mini fridges can be easily transported from one location to another. They operate on both AC and DC power, allowing for use in a variety of settings, such as offices, dorm rooms, cars, and outdoor events. These appliances typically have a storage capacity ranging from 4 to 20 liters, making them ideal for storing small quantities of food, beverages, or medication. The design often incorporates adjustable shelves and compartments to maximize storage space. Some models come with advanced features like temperature control, digital displays, and even freezing capabilities.
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Portable Mini Fridge Market Demand, Trends and Growth Drivers:
The increasing emphasis on convenience and mobility in everyday life is a key factor propelling the growth of the portable mini fridge market. Additionally, the diverse range of available models, varying in size, features, and price points, makes these compact refrigerators accessible to a wide range of consumers, thus driving market expansion. The versatile utility of portable mini fridges, which are useful not only for personal use but also in commercial settings like hotels and offices, adds substantial value and fuels further market growth.
Technological innovations in cooling methods and energy efficiency have led to the development of more effective and eco-friendly portable mini fridges, encouraging higher adoption rates among consumers. In a parallel trend, the rising influence of e-commerce and online retail platforms has made these products easily accessible to a global audience, contributing to market proliferation.
Coupled with the ongoing trend towards smart and sustainable living, portable mini fridges are gaining increased focus for their role in providing convenience and efficiency, thereby creating a favorable market outlook.
Competitive Landscape with Key Players:
The competitive landscape of the global portable mini fridge market has been studied in the report with the detailed profiles of the key players operating in the market.
Portable Mini Fridge Companies:
- ARB USA
- Danby Products Limited
- Dometic Group AB
- Engel Distribution Pty Ltd.
- Godrej Industries Limited
- Haier Group Corporation
- Koolatron Corporation
- LG Electronics Inc.
- Living Direct Inc. (Ferguson plc)
- Panasonic Corporation
- Whirlpool Corporation
- Whynter LLC
Key Market Segmentation:
The report has segmented the global portable mini fridge market on the basis of product type, technology, application, distribution channel and region.
Breakup by Product Type:
- Less Than 1 cu. ft.
- 9 cu. ft.
- 9 cu. ft.
- 9 cu. ft.
- 45 cu. ft.
Breakup by Technology:
- Compressor Refrigeration
- Semiconductor Refrigeration
Breakup by Application:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Retail Stores
- Online Stores
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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