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PUBLISHER: Grand View Research | PRODUCT CODE: 1587494
PUBLISHER: Grand View Research | PRODUCT CODE: 1587494
Portable Mini Fridge Market Size, Share & Trends Analysis Report By Application (Commercial, Residential), By Distribution Channel (Offline, Online), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030
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Portable Mini Fridge Market Growth & Trends:
The global portable mini fridge market size is anticipated to reach USD 2.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.1% from 2024 to 2030. Increasing application of portable fridges in outdoor recreational vehicles including RVs, caravans, motorhomes, campervans, and vanity vans is expected to remain a key factor for the market growth. In addition, improvement in the hotel industry at the global level as a result of increasing travel spending by millennials for business and personal trips is expected to promote the scope for portable mini fridges over the next few years.
Enthusiasm for outdoor recreational activities such as camping has grown significantly among working professionals across the globe. These trends are driving the manufacturers of RVs, caravans, and motorhomes to add more luxury to their products so that the customers find them more productive and luxurious during their outing. Customers' preference is shifting towards more luxury during their outing, which, in turn, will prompt the use of portable mini fridge in the foreseeable future.
Portable mini fridges also find a wide application in hotel rooms and suites, which is expected to opens new avenues for the market. Moreover, the hotel industry is growing at a significant rate across the globe. Major players include Marriott International, InterContinental Hotels Group, and Hilton Worldwide are investing in the expansion of their hotel chain in the untapped markets. For instance, in 2019, Hilton group has planned to inaugurate its new nine hotels around the world including countries such as Algeria, Colombia, Tajikistan, China, and India. Increasing investment in the establishment of new hotels is projected to promote the utility of compact and portable fridge in the foreseeable future.
North America was the largest regional market, accounting for 30.7% share of the total revenue in 2018 owing to increased participation by millennials in outdoor recreational activities in U.S. and Canada. In addition, positive outlook towards the hospitality sector in U.S. on account of increasing number of foreign travelers for vacation and professional trips is expected to promote the scope for the portable mini fridges in the near future.
Portable Mini Fridge Market Report Highlights:
- The commercial segment dominated the market and accounted for the largest revenue share of 71.9% in 2023, owing to the expanding hospitality sector.
- Offline distribution channels led the market and accounted for the largest revenue share of 83.2% in 2023 attributed to the wide availability and accessibility of products in physical retail stores.
- North America portable mini fridge market dominated the global market and accounted for the largest revenue share of 30.1% in 2023 attributed to the increasing consumer demand for convenience and compact living solutions.
Product Code: GVR-3-68038-649-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Portable Mini Fridge Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Portable Mini Fridge Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Portable Mini Fridge Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Portable Mini Fridge Market: Application Movement Analysis, USD Million, 2023 & 2030
- 5.3. Commercial
- 5.3.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Residential
- 5.4.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Portable Mini Fridge Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Portable Mini Fridge Market: Distribution Channel Movement Analysis, USD Million, 2023 & 2030
- 6.3. Offline
- 6.3.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Online
- 6.4.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Portable Mini Fridge Market: Regional Estimates & Trend Analysis
- 7.1. Portable Mini Fridge Market Share, By Region, 2023 & 2030, USD Million.
- 7.2. North America
- 7.2.1. North America Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Portable Mini Fridge Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Midea Group
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. ARB
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Danby
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. DOMETIC GROUP AB (PUBL)
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Living Direct, Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Engel Australia Pty Ltd.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Haier Inc.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Whirlpool Corporation
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Godrej Group
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Electrolux AB
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.1. Midea Group
Product Code: GVR-3-68038-649-3
List of Tables
- 1. Portable mini fridge - Key market driver analysis
- 2. Portable mini fridge - Key market restraint analysis
- 3. Global portable mini fridge market estimates and forecast for residential applications, 2018 - 2030 (USD Million)
- 4. Global portable mini fridge market estimates and forecast for commercial applications, 2018 - 2030 (USD Million)
- 5. Global portable mini fridge market estimates and forecast, by offline, 2018 - 2030 (USD Million)
- 6. Global portable mini fridge market estimates and forecast, by online, 2018 - 2030 (USD Million)
- 7. North America portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 8. North America portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 9. North America portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 10. U.S. portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 11. U.S. portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 12. U.S. portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 13. Europe portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 14. Europe portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 15. Europe portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 16. U.K. portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 17. U.K. portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 18. U.K. portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 19. Germany portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 20. Germany portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 21. Germany portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 22. France portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 23. France portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 24. France portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 25. Asia Pacific portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 26. Asia Pacific portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 27. Asia Pacific portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 28. China portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 29. China portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 30. China portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 31. India portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 32. India portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 33. India portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 34. Central & South America portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 35. Central & South America Portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 36. Central & South America portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 37. Brazil portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 38. Brazil portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 39. Brazil portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 40. Middle East & Africa portable mini fridge market estimates and forecast, 20145- 2025 (USD Million)
- 41. Middle East & Africa portable mini fridge market revenue estimates and forecast by application 2018 - 2030 (USD Million)
- 42. Middle East & Africa portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 43. UAE portable mini fridge market estimates and forecast, 2018 - 2030 (USD Million)
- 44. UAE portable mini fridge market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
- 45. UAE portable mini fridge market revenue estimates and forecast by distribution channel, 2018 - 2030 (USD Million)
- 46. Vendor landscape
List of Figures
- 1. Portable mini fridge market snapshot
- 2. Portable mini fridge market segmentation & scope
- 3. Portable mini fridge market penetration & growth prospect mapping
- 4. Portable mini fridge value chain analysis
- 5. Portable mini fridge market dynamics
- 6. Portable mini fridge market Porter's analysis
- 7. Portable mini fridge market: Application movement analysis
- 8. Portable mini fridge market: Distribution Channel movement analysis
- 9. Portable mini fridge market: Regional movement analysis
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