Market Overview:
The global portable freezers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable freezers from individual and commercial applications.
Product Definition:
Portable freezers are a type of freezer that is small and easy to move. They are often used for food storage, but can also be used for other purposes, such as cooling drinks or keeping medications cold. Portable freezers can be plugged into an outlet or run on batteries, making them convenient for use in a variety of settings.
The global market for small freezers under 30L is expected to witness significant growth over the forecast period. The key drivers of this market are increasing demand for convenience and premium products across the globe. Moreover, rising disposable income in developing countries including China, India, Brazil and Mexico has also led to an increase in demand for such products among consumers.
30-50L:
30-50L is a range of portable freezers which are used for storage and transportation of food products at workplaces, outdoor recreational areas, and during road trips. These freezers are designed to fit easily into a vehicle’s boot or can be carried as a backpack. The product offers features such as easy access to stored items through flip down lids, lockable compartments with key-less entry and multiple options for carrying the unit (backpack/ hand carry).
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing adoption of freezers for storing perishable commodities, such as food and beverages, medicines and cosmetics among others. Moreover, these appliances are widely used in industries including healthcare, pharmaceuticals and food & beverage among others owing to their ability to preserve temperature-sensitive products at desired temperatures.
The individual application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owingto an increase in demand for portable freezers by residential consumers who require convenient access for storing perishable commodities like fruits.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for convenient products, rising awareness about health and hygiene, and growing preference for individual consumption. Europe is also estimated to witness considerable growth over the coming years owing to high product adoption rates in countries such as Germany, France, Italy, Spain among others. Asia Pacific portable freezers market is projected to grow at a lucrative rate over the forecast period owing to increasing disposable income levels coupled with rapid urbanization trends across emerging economies including China and India among others.
Growth Factors:
- Increasing demand for frozen food: The global frozen food market is projected to grow at a CAGR of 5.4% from 2017 to 2022, reaching a value of USD 191.5 billion by 2022. This growth can be attributed to the changing lifestyle and growing preference for convenience foods, especially among millennials. Portable freezers are an ideal solution for storing and transporting frozen food items, thus driving their demand in the market.
- Rising popularity of outdoor activities: With people becoming more health conscious and preferring outdoor activities over indoor ones, there is an increase in the demand for portable freezers that can be carried along while camping or hiking etc., thus driving the market growth further.
- Proliferation of e-commerce: The increasing penetration of internet and smartphones has led to a surge in online shopping, especially among millennials who account for a major chunk of the population today worldwide . This has given rise to e-commerce platforms which offer a wide variety of products including portable freezers at competitive prices . This is another key driver propelling the growth prospects of this market segment .
- . Technological advancements: Portable freezer manufacturers are constantly innovating their products with new features such as Bluetooth connectivity , Wi-Fi enabled controls etc., making them easier to use and more efficient than ever before . Such technological advancements are helping fuel consumer interest in these appliances , thereby aiding in market expansion .
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Freezers Market Research Report
By Type
<30L, 30-50L, >50L
By Application
Individual, Commercial
By Companies
ARB, Ausranvik, Costway, Whynter, Norcold, Dometic, Engel, Alpicool
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Portable Freezers Market Report Segments:
The global Portable Freezers market is segmented on the basis of:
Types
<30L, 30-50L, >50L
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ARB
- Ausranvik
- Costway
- Whynter
- Norcold
- Dometic
- Engel
- Alpicool
Highlights of The Portable Freezers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- <30L
- 30-50L
- >50L
- By Application:
- Individual
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Freezers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A portable freezer is a small, lightweight device that can be moved from one place to another. They are often used to store food items such as ice cream, frozen dinners, and food in general.
Some of the major players in the portable freezers market are ARB, Ausranvik, Costway, Whynter, Norcold, Dometic, Engel, Alpicool.
The portable freezers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Freezers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Portable Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Freezers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Portable Freezers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Portable Freezers Market Size & Forecast, 2020-2028
4.5.1 Portable Freezers Market Size and Y-o-Y Growth
4.5.2 Portable Freezers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 <30L
5.2.2 30-50L
5.2.3 >50L
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Freezers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Portable Freezers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 <30L
9.6.2 30-50L
9.6.3 >50L
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 <30L
10.6.2 30-50L
10.6.3 >50L
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 <30L
11.6.2 30-50L
11.6.3 >50L
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 <30L
12.6.2 30-50L
12.6.3 >50L
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 <30L
13.6.2 30-50L
13.6.3 >50L
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Portable Freezers Market: Competitive Dashboard
14.2 Global Portable Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARB
14.3.2 Ausranvik
14.3.3 Costway
14.3.4 Whynter
14.3.5 Norcold
14.3.6 Dometic
14.3.7 Engel
14.3.8 Alpicool
