The future of the global portable mini fridge market looks promising with opportunities in the residential and commercial applications. The global portable mini fridge market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are expanding demand for cold storage systems in luxury vehicles and rising need for high-capacity mini-fridges for storing temperature-sensitive pharmaceutical drugs.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the portable mini fridge
market by type (less than 1 cu. ft., 1 - 1.9 cu. ft., 2 - 2.9 cu. ft., 3 - 3.9
cu. ft., and 4 - 5 cu. ft.), technology (compressor refrigeration and
semiconductor refrigeration), application (residential use, commercial use, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, less
than 1 cu. ft., 1 - 1.9 cu. ft., 2 - 2.9 cu. ft., 3 - 3.9 cu. ft., and 4 - 5
cu. ft. are the major segments of portable mini fridge market by type. Lucintel
forecasts that 4 - 5 cu. ft. will remain the largest segment over the forecast
period due to its widespread use to store medications, beverages, and food
items in commercial settings like the hospitality and medical industries.Within
this market, commercial will remain the larger segment due to rising use of
portable mini fridges in various sectors including hospitality and medical
fields.
North America will
remain the largest region over the forecast period due to rising demand for
portable micro fridges among millennials in outdoor recreational activities as
well as in hospitality sectors of the region.
Engel, ARB, Dometic,
Koolatron, Godrej, LG Electronic, Haier, Whynter, Danby, and EdgeStar are the
major suppliers in the portable mini fridge market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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