Market Overview:
The global portable mini fridge 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 mini fridges from residential, commercial, and institutional applications. Additionally, the growing popularity of outdoor activities is also propelling the demand for portable mini fridges across the globe. On the basis of type, the global portable mini fridge market can be segmented into indoor type and outdoor type. The indoor type segment is expected to account for a larger share of this market in 2018 owing to its growing popularity among consumers for use in residential applications. However, with an increase in outdoor activities such as camping and picnicking, there is a rising demand for outdoor-type portable mini fridges as well. This segment is projected to grow at a higher CAGR than that of the indoor type during the forecast period from 2018 to 2030.
Product Definition:
A small refrigerator that can be easily transported and used in a variety of locations, such as a dorm room or office.
Indoor Type:
The indoor type is a portable mini-fridge that can be used in offices, small rooms, and even outside while traveling. It has the ability to keep food and beverages cold for a longer period of time. The growth factor in this market is increasing demand from the corporate sector where it's important to keep snacks and drinks cool during summer months when employees are working long hours.
Outdoor Type:
Outdoor type is also known as the portable mini-fridge and it's a great option for outdoor activities like camping, fishing, hunting or any other recreational activity. It has gained huge popularity among people who enjoy going on road trips or just want to have fresh and cold drinks with them.
It’s an excellent option if you are traveling for work purposes or just want to keep some beverages along with some food items in the refrigerator box.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. The growing urban population, especially in countries such as India and China, is expected to contribute significantly to the growth of this segment over the forecast period. Furthermore, mini fridges are increasingly being installed in RVs and cars due to their lightweight nature which enables easy installation at a cheaper price tag than conventional full-sized refrigerators or freezers.
Commercial applications include restaurants, hotels, hospitals and other healthcare facilities etcetera where there is a high demand for cold drinks during summer months or when it gets extremely hot outside during day time hours (between 11 am - 6 pm). Mini fridges are also used by corporate offices where there is constant need for serving cold beverages at meetings or events held at office premises on a continuous basis throughout year round without fail every day from Monday through Friday between 9 am - 5 pm ET (excluding holidays).
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand for mini refrigerators. The U.S., in particular, is one of the most important markets for these products due to a large number of manufacturers and suppliers present across the country. Moreover, increasing penetration of e-commerce has been fueling product sales in this region.
Asia Pacific portable mini fridge market is expected to witness significant growth over the forecast period owing to rising disposable income levels coupled with rapid urbanization.
Growth Factors:
- Increasing demand for mini fridges in the commercial sector as a result of growing number of small businesses and startups
- Rising popularity of portable mini fridges among college students and young professionals due to their compact size and portability
- Growing demand for energy-efficient and eco-friendly mini fridges
- Proliferation of online retail platforms that offer a wide range of portable mini fridge models at competitive prices
- Increasing focus on kitchen design by homeowners, which is driving the demand for stylish and functional mini fridges
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Mini Fridge Market Research Report
By Type
Indoor Type, Outdoor Type
By Application
Residential, Commercial, Institutional
By Companies
ARB, Danby, Dometic, Engel, EdgeStar, Electrolux, Haier, Koolatron, Whirlpool, Whynter, ARB, Avanti Products, Coleman, Gourmia, Kegco, Felix Storch, FridgeFreeze, Igloo, LG Electronics, Midea
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Portable Mini Fridge Market Report Segments:
The global Portable Mini Fridge market is segmented on the basis of:
Types
Indoor Type, Outdoor Type
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
Residential, Commercial, Institutional
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
- Danby
- Dometic
- Engel
- EdgeStar
- Electrolux
- Haier
- Koolatron
- Whirlpool
- Whynter
- ARB
- Avanti Products
- Coleman
- Gourmia
- Kegco
- Felix Storch
- FridgeFreeze
- Igloo
- LG Electronics
- Midea
Highlights of The Portable Mini Fridge 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:
- Indoor Type
- Outdoor Type
- By Application:
- Residential
- Commercial
- Institutional
- 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 Mini Fridge 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 Mini Fridge is a small refrigerator that can be moved from one place to another. They are perfect for people who travel frequently or for those who have limited space.
Some of the key players operating in the portable mini fridge market are ARB, Danby, Dometic, Engel, EdgeStar, Electrolux, Haier, Koolatron, Whirlpool, Whynter, ARB, Avanti Products, Coleman, Gourmia, Kegco, Felix Storch, FridgeFreeze, Igloo, LG Electronics, Midea.
The portable mini fridge market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Portable Mini Fridge 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 Mini Fridge Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Portable Mini Fridge 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 Mini Fridge 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 Mini Fridge Market Size & Forecast, 2018-2028
4.5.1 Portable Mini Fridge Market Size and Y-o-Y Growth
4.5.2 Portable Mini Fridge Market Absolute $ Opportunity
Chapter 5 Global Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Type
5.2.1 Indoor Type
5.2.2 Outdoor Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Institutional
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Portable Mini Fridge 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 Mini Fridge 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 Portable Mini Fridge Analysis and Forecast
9.1 Introduction
9.2 North America Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Type
9.6.1 Indoor Type
9.6.2 Outdoor Type
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 Portable Mini Fridge Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Institutional
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 Portable Mini Fridge Analysis and Forecast
10.1 Introduction
10.2 Europe Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Type
10.6.1 Indoor Type
10.6.2 Outdoor Type
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 Portable Mini Fridge Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Institutional
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 Portable Mini Fridge Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Type
11.6.1 Indoor Type
11.6.2 Outdoor Type
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 Portable Mini Fridge Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Institutional
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 Portable Mini Fridge Analysis and Forecast
12.1 Introduction
12.2 Latin America Portable Mini Fridge 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 Portable Mini Fridge Market Size Forecast by Type
12.6.1 Indoor Type
12.6.2 Outdoor Type
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 Portable Mini Fridge Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Institutional
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) Portable Mini Fridge Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Portable Mini Fridge 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) Portable Mini Fridge Market Size Forecast by Type
13.6.1 Indoor Type
13.6.2 Outdoor Type
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) Portable Mini Fridge Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Institutional
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 Mini Fridge Market: Competitive Dashboard
14.2 Global Portable Mini Fridge Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARB
14.3.2 Danby
14.3.3 Dometic
14.3.4 Engel
14.3.5 EdgeStar
14.3.6 Electrolux
14.3.7 Haier
14.3.8 Koolatron
14.3.9 Whirlpool
14.3.10 Whynter
14.3.11 ARB
14.3.12 Avanti Products
14.3.13 Coleman
14.3.14 Gourmia
14.3.15 Kegco
14.3.16 Felix Storch
14.3.17 FridgeFreeze
14.3.18 Igloo
14.3.19 LG Electronics
14.3.20 Midea
