Global Portable Mini Fridge Market 2023-2030

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    GLOBAL PORTABLE MINI FRIDGE MARKET

     

    INTRODUCTION

    Mini fridge has different compartments that are used to house produce, meats, and cheeses, beverage coolers, or dual zone fridges, such as the NewAir AWB Dual Zone Wine and Beverage Cooler, are equipped with metal shelves that perfectly cradle your wine, beer or juices.

     

    You can also easily adjust or remove the shelves to fit bigger drinks, making the ideal personalized storage space for all of your favorite liquids. A drinks cooler fridge also boasts adjustable legs, so you can install it seamlessly in any space. The glass door and internal LED lighting handsomely illuminate your collection and make it easy to find exactly what you are looking for. 

     

    They work by using a small current of electricity to help keep your ice frozen. These kinds of coolers are extremely affordable, but they aren’t very effective. Put simply, they take the heat that’s inside your cooler and put it on the outside. There’s no actual refrigeration.

     

    The ability to store extra space for chilling slices of meat, bottled drinks, and other food products is perhaps the most impressive advantage you can get from getting a mini-fridge. It’s far better than cooler for its Intelligent and modern technology. Despite the holding capacity of ice, the capacity of holding food is similar to cooler. And the food you keep can stay clean and fresh.

     

    GLOBAL PORTABLE MINI FRIDGE MARKET SIZE AND FORECAST

     

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    The Global Portable Mini Fridge Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

     

    Godrej 30 L Qube Personal Standard Single door Cooling Solution – Food, beverage and cosmetic cooler with No Defrosting required; well suited for a wide variety of applications – from hotels to homes, PGs to offices and shops, puja rooms to vanity rooms, living rooms to kitchen .

     

    Capacity: 30 litres with no compressor and no refrigerant. The interiors maximise storage space as there is no loss of space to compressor or freezer.

     

    Advanced Solid State Technology: Powered by a small thermoelectric chip that delivers energy-efficient cooling​ . Dual LED Lights: Bright and power saving dual LED lights illuminates the interior of Godrej Qube​ .

     

    Cooling Capacity at 32 ⁰C ambient temperature: Between 8⁰C to 10⁰C, no Ice making hence no hassle of defrosting . Godrej Qube has no moving parts which makes it easy to clean & maintain . Super Silent Operation: No compressor ensures that Godrej Qube delivers silent operation

     

    It is anticipated that increased interest in outdoor recreational activities among millennials globally as a result of growing fitness consciousness will encourage the adoption of portable micro fridges to preserve food and beverage freshness.

     

    The use of various portable micro fridges is also anticipated to increase over the following few years because of the growing demand for portable and tiny refrigerators in personal automobiles and recreational vehicles (RV).

     

    The market for portable mini fridges has increased over the past few years as a result of the increasing popularity of outdoor recreational activities among consumers of various age groups, such as going on trips, picnics, camping trips, trekking, and adventurous road journeys.

     

    These small, energy-efficient micro fridges are ideal for keeping food, drinks, and even medications for outdoor excursions because they are lightweight, energy-efficient, and compact in size.

     

    The advantages listed above are influencing more consumers to choose portable small fridges. When people go camping, they prefer RVs, tents, and cabins, and these portable mini fridges are crucial for maintaining the freshness of a variety of foods and beverages in these settings.

     

    Furthermore, it is anticipated that the market for portable mini fridges would grow as mobile houses and micro homes become more important due to a shift in emphasis towards luxury and convenience during outdoor activities like camping.

     

    These mobile mini fridges are also commonly used in the hotel and hospitality industry, notably in hotel rooms and suites, where they add a touch of luxury while staying there.

     

    The hospitality industry has expanded rapidly during the last few years. IH&RA (International Hotel and Restaurant Association) data, to be exact.

     

    Over the course of the projected period, it is anticipated that this significant growth in economic revenue would lead to an increase in hotel chains and a consequent increase in the popularity of portable mini fridges.

     

    Over the anticipated term, it’s anticipated that the residential industry would turn into a profitable one. The potential for portable micro fridges is anticipated to grow in the next few years due to rising interest in minibars among professionals from working classes around the world.

     

    Over the next few years, it is anticipated that the use of various portable micro fridges will increase due to the growing popularity of mobile homes, which are thought to be an economical option for first-time home purchasers. 

     

    Additionally, even when a product is not offered in a certain region’s market, e-commerce websites assist in obtaining it according to the precise needs of the buyer.

     

    A large variety of products are available worldwide on reputable e-commerce sites like Alibaba and Amazon. The potential for these channels to be used to buy items like portable mini fridges is promoted by factors like ease of purchasing, convenience, and easy product accessibility regardless of geographic boundaries.

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Portable Mini Fridge are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Portable Mini Fridge and key vendor selection criteria
    3. Where is the Portable Mini Fridge manufactured? What is the average margin per unit?
    4. Market share of Global Portable Mini Fridge market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Portable Mini Fridge in-house
    6. key predictions for next 5 years in Global Portable Mini Fridge market
    7. Average B-2-B Portable Mini Fridge market price in all segments
    8. Latest trends in Portable Mini Fridge market, by every market segment
    9. The market size (both volume and value) of the Portable Mini Fridge market in 2023-2030 and every year in between?
    10. Production breakup of Portable Mini Fridge market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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