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.
Portable Mini Fridge Market Size, CAGR and Forecast 2023-2028:
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 refers to a compact refrigerator that can be moved and carried around easily. It is available in numerous shapes, capacities, and sizes and operates on minimal power. Mini fridges contain a compact compressor, expansion valves, refrigerant, heat-exchanging pipes coiled outside the unit, etc. They are used for storing various products, such as cosmetics and pharmaceutical drugs, while maintaining their freshness, especially during travel. Consequently, these fridges are extensively utilized in vanity vans, marine cruises, leisure yachts, recreational vehicles (RVs), mobile and small homes, medical transport units, etc.
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What are the growth prospects and trends in the portable mini fridge industry?
The escalating demand for cold storage systems in luxury vehicles across the globe is among the primary factors driving the portable mini fridge market. Besides this, the shifting consumer preferences towards mobile homes as an affordable alternative for first-time homeowners and frequent travelers are further bolstering the market growth. Additionally, the increasing demand for high-capacity mini-fridges to store temperature-sensitive pharmaceutical drugs with specific storage requirements is also augmenting the global market.
Apart from this, the introduction of innovative product variants with adjustable automatic battery protection systems to prevent vehicle battery rundown is acting as another growth-inducing factor. Furthermore, the growing popularity of outdoor recreational activities, such as picnics, camping, road trips, etc., is projected to fuel the portable mini fridge market over the forecasted period.
Portable Mini Fridge Market 2023-2028 Competitive Analysis and Segmentation:
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
Explore Full Report Description At: https://www.imarcgroup.com/portable-mini-fridge-market
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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