Huge Growth Expected In Portable Mini Fridge Market Forecast to 2025

Overview of Portable Mini Fridge Market

Portable mini fridge also known as travel mini fridge is a compact size fridge that can be easily moved around. The smaller frame and light weight allow it to be set up virtually anywhere. Typically, portable mini fridge helps to keep food, beverages, cosmetics, and medicines cool while traveling or outing. Portable mini fridge is ideal option for micro homes and RV (recreational vehicles) as it does not occupy a lot of space compared to the traditional counterpart. They are widely used across different hospitals and clinics to keep organs and drugs under a certain temperature. They also are very energy efficient as a baseline product in this category requires only 12 volts to function.

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The rise in trend of outings and picnic in the Western countries is expected to boost the growth of the portable mini fridge market. It plays an important role of keeping food, beverages, and other similar items fresh throughout the outing. The global portable mini fridge market is driven by rise in the preference of consuming fresh and cooked food. Moreover, technological advancements leading to the emergence of more energy efficient models boost the growth of the portable mini fridge market. However, high cost of the product hinders the market growth. Adoption of micro home concepts & mobile homes and increase in the adoption of recreational vehicles are expected to provide lucrative opportunities for the market growth during the forecast period.

The Major players reported in the market include:

The key players in the industry relied on acquisition and expansion as strategies to overcome competition and improve their share in the world market. The key players profiled in the report include ARB, Danby, Dometic Group AB, EdgeStar (Living Direct, Inc.), Engel Australia Pty Ltd., Haier Inc, Koolatron, LG Electronics, Godrej Group, and Whynter.

KEY BENEFITS

The study provides an in-depth analysis of the Portable Mini Fridge market along with current and future trends to elucidate the imminent investment pockets.

The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

Porter’s Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.

The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.

The quantitative analysis of the market during the period of 2014-2022 is provided to elaborate the market potential.

KEY MARKET SEGMENTS:

By Type

Less Than 1 cu. ft.

1-1.9 cu. ft.

2-2.9 cu. ft.

3-3.9 cu. ft.

4-5 cu. ft.

By Application

Commercial Use

Home Use

By Geography

North America

Europe

Asia Pacific

Central & South America

Middle East and Africa

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 WORLD PORTABLE MINI FRIDGE MARKET, BY END USER

CHAPTER 5 WORLD PORTABLE MINI FRIDGE MARKET, BY APPLICATION

CHAPTER 6 WORLD PORTABLE MINI FRIDGE MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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Posted by on Friday June 07 2019, 6:02 PM EDT. All trademarks acknowledged. Filed under Consumer & Retail, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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