Portable Mini Fridge Market Size, Growth, Trends, Report 2028

Report Description

The global portable mini fridge market is growing at witnessing a robust growth, owing to the multiple reasons such as including the increased need for using a refrigerator during recreational recreation like picnics, hiking, and camping for keeping the food fresh for longer duration.

As per the data provided by North American Camping Report, more than 48 million households in United States took at least one camping trip in 2020 which exceeds over 6 million in comparison to the previous year. Moreover, for fresh food and drinks while camping, trekking, and other recreational activities, the population prefers for a portable mini fridge Moreover, due to its compact size it fits in the car easily and provides effective cooling at low energy also. This is ultimately leading to increased demand of portable mini fridge in the country.

Consumers are increasingly using e-commerce websites to buy electronics, including mini fridges. This aspect can be relevantly owned to the factors like wide options variety at discounted prices. Even if a product is unavailable to the customer within their country, the online platform offers the facility of providing the product within such market to match the customers’ requirements precisely.

A little refrigerator that is easily transportable is called a portable mini fridge. It can be found in a wide range of forms, dimensions, and capacities while utilizing very minimal power to run. Compact compressors, heat-exchanging pipes coiling outside the fridge, expansion valves, and refrigerant are components of mini-refrigerators. To keep the goods fresh for extended periods of time while traveling, they are typically mounted in recreational vehicles (RVs), mobile homes, and tiny residences. They are also used to store pharmaceuticals and cosmetics. As a result, portable mini-fridges are frequently found in medical transport units, passenger and business vehicles, leisure yachts, and vanity vans.

Increasing Demand from Hospitality Sector Aiding the Market Growth

For improving customer experience many of the hotel chains have started providing portable mini fridge in the rooms which is contributing to the demand of portable mini fridge. As per the data provided by American Hotel & Lodging Association in State of The Hotel Industry Report 2022, the revenues from hotel rooms are projected to reach USD168 billion and hotel occupancy is expected to rise by 63.4% in 2022. Moreover, various countries have taken off lockdown regulations and are inviting tourists from different countries for boosting their GDP. This will ultimately lead to increased demand of portable mini fridge in different countries.

Multiple Use of Portable Mini Fridge is Contributing to the Market Growth

The key factor projected to exhibit considerable growth in the global mini refrigerator market correlates with the surge in demand for high-capacity portable refrigerator in commercial spaces such as hospitals and clinics. These commercial spaces store medications and medical devices that require specialized storage conditions. Additionally, the demand of mini fridge is forecasted to rise among women consumers as it provides them space to keep different cosmetic items for a better product’s shelf life.

Demand for Energy-Efficient Appliances is Growing to Promote Growth

Due to the rising demand for energy-efficient appliances throughout the anticipated period, the global mini fridge market is anticipated to expand. This is a result of consumers' preferences moving in favor of kitchen equipment with excellent power ratings that use less energy. Moreover, with the rising electricity bills, many consumers have started moving towards energy efficient products leading to rise in demand of global portable mini fridge. Distinctive qualities of mini refrigerators including mobility, an effective cooling temperature, and large capacity as these factors drive the market for these products to expand internationally.

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Market Segmentation

The portable mini fridge market is segmented based on capacity, by door type, by end user, by sales channel. On the basis of capacity, the market is divided into Less Than 1 cu. ft.,1-1.9 cu. ft.,2-2.9 cu. ft., 3-3.9 cu. ft., 4-5 cu. ft. Based on door type, the market is fragmented into single, double, and reversible. Based on end user, the market is further divided into commercial, and residential. Based on sales channel, the market is fragmented into Multi-Branded Stores, Supermarkets/Hypermarkets, Online and Others (Institutional Sales, Exclusive Stores. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Midea Group, Haier Inc., Whirlpool Corporation, Godrej Group, Electrolux AB, Living Direct, Inc., ARB USA, Danby Products Limited, LG Electronics Inc., Whynter LLC are among the major market players in the global platform that lead the market growth of the global portable mini fridge market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Capacity · Door Type · End user · Sales Channel · Region
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa and South America
Country Scope	United States; Canada; Mexico; Germany; France; United Kingdom; Italy; Spain; Netherlands; China; India; Japan; South Korea; Australia, Vietnam; Saudi Arabia; UAE, South Africa, Turkey; Brazil; Argentina; Colombia
Key Companies Profiled	Midea Group, Haier Inc., Whirlpool Corporation, Godrej Group, Electrolux AB, Living Direct, Inc., ARB USA, Danby Products Limited, LG Electronics Inc., Whynter LLC
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global portable mini fridge market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Portable Mini Fridge Market, By Capacity:

Less Than 1 cu. ft.
1-1.9 cu. ft.
2-2.9 cu. ft.
3-3.9 cu. ft.
4-5 cu. ft.

Global Portable Mini Fridge Market, By Door Type

Single Door
Double Door
Reversible Door

Global Portable Mini Fridge Market, By End-User

Commercial
Residential

Global Portable Mini Fridge Market, By Sales Channel:

Multi-Branded Stores
Supermarkets/Hypermarkets
Online
Others

Global Portable Mini Fridge Market, By Region:

North America

United States
Canada
Mexico

Europe

France
Germany
United Kingdom
Italy
Spain
Netherlands

Asia-Pacific

China
India
Japan
South Korea
Australia
Vietnam

Middle East & Africa

Saudi Arabia
South Africa
UAE
Turkey

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global portable mini fridge market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Factors Influencing Purchase Decision

4.5. Customer Satisfaction

4.6. Challenges Faced After Purchase

5. Global Portable Mini Fridge Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Capacity Market Share Analysis (Less Than 1 cu. ft.,1-1.9 cu. ft.,2-2.9 cu. ft., 3-3.9 cu. ft., 4-5 cu. ft.)

5.2.2. By Door Type Market Share Analysis (Single, Double, Reversible)

5.2.3. By End-User Market Share Analysis (Commercial, Residential)

5.2.4. By Sales Channel Market Share Analysis (Multi-Branded Stores, Supermarkets/Hypermarkets, Online, Others)

5.2.5. By Regional Market Share Analysis

5.2.5.1. North America Market Analysis

5.2.5.2. South America Market Analysis

5.2.5.3. Middle East & Africa Market Analysis

5.2.5.4. Europe Market Analysis

5.2.5.5. Asia -Pacific Market Analysis

5.2.6. By Company Market Share Analysis

5.3. Global Portable Mini Fridge Market Mapping & Opportunity Assessment

5.3.1. By Capacity Market Mapping & Opportunity Assessment

5.3.2. By Door Type Market Mapping & Opportunity Assessment

5.3.3. By End-User Market Mapping & Opportunity Assessment

5.3.4. By Sales Channel Market Mapping & Opportunity Assessment

5.3.5. By Regional Market Mapping & Opportunity Assessment

6. North America Portable Mini Fridge Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Capacity Market Share Analysis

6.2.2. By Door Type Market Share Analysis

6.2.3. By End-User Market Share Analysis

6.2.4. By Sales Channel Market Share Analysis

6.2.5. By Country

6.2.5.1. United States Portable Mini Fridge Market Outlook

6.2.5.1.1. Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.1.2. By Volume

6.2.5.1.2. Market Share & Forecast

6.2.5.1.2.1. By Capacity Market Share Analysis

6.2.5.1.2.2. By Door Type Market Share Analysis

6.2.5.1.2.3. By End-User Market Share Analysis

6.2.5.1.2.4. By Sales Channel Market Share Analysis

6.2.5.2. Canada Portable Mini Fridge Market Outlook

6.2.5.2.1. Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.1.2. By Volume

6.2.5.2.2. Market Share & Forecast

6.2.5.2.2.1. By Capacity Market Share Analysis

6.2.5.2.2.2. By Door Type Market Share Analysis

6.2.5.2.2.3. By End-User Market Share Analysis

6.2.5.2.2.4. By Sales Channel Market Share Analysis

6.2.5.3. Mexico Portable Mini Fridge Market Outlook

6.2.5.3.1. Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.1.2. By Volume

6.2.5.3.2. Market Share & Forecast

6.2.5.3.2.1. By Capacity Market Share Analysis

6.2.5.3.2.2. By Door Type Market Share Analysis

6.2.5.3.2.3. By End-User Market Share Analysis

6.2.5.3.2.4. By Sales Channel Market Share Analysis

7. Europe Portable Mini Fridge Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Capacity Market Share Analysis

7.2.2. By Door Type Market Share Analysis

7.2.3. By End-User Market Share Analysis

7.2.4. By Sales Channel Market Share Analysis

7.2.5. By Country

7.2.5.1. France Portable Mini Fridge Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.1.2. By Volume

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Capacity Market Share Analysis

7.2.5.1.2.2. By Door Type Market Share Analysis

7.2.5.1.2.3. By End-User Market Share Analysis

7.2.5.1.2.4. By Sales Channel Market Share Analysis

7.2.5.2. Germany Portable Mini Fridge Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.1.2. By Volume

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Capacity Market Share Analysis

7.2.5.2.2.2. By Door Type Market Share Analysis

7.2.5.2.2.3. By End-User Market Share Analysis

7.2.5.2.2.4. By Sales Channel Market Share Analysis

7.2.5.3. Spain Portable Mini Fridge Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.1.2. By Volume

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Capacity Market Share Analysis

7.2.5.3.2.2. By Door Type Market Share Analysis

7.2.5.3.2.3. By End-User Market Share Analysis

7.2.5.3.2.4. By Sales Channel Market Share Analysis

7.2.5.4. Netherlands Portable Mini Fridge Market Outlook

7.2.5.4.1. Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.1.2. By Volume

7.2.5.4.2. Market Share & Forecast

7.2.5.4.2.1. By Capacity Market Share Analysis

7.2.5.4.2.2. By Door Type Market Share Analysis

7.2.5.4.2.3. By End-User Market Share Analysis

7.2.5.4.2.4. By Sales Channel Market Share Analysis

7.2.5.5. United Kingdom Portable Mini Fridge Market Outlook

7.2.5.5.1. Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.1.2. By Volume

7.2.5.5.2. Market Share & Forecast

7.2.5.5.2.1. By Capacity Market Share Analysis

7.2.5.5.2.2. By Door Type Market Share Analysis

7.2.5.5.2.3. By End-User Market Share Analysis

7.2.5.5.2.4. By Sales Channel Market Share Analysis

8. Asia-Pacific Portable Mini Fridge Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Capacity Market Share Analysis

8.2.2. By Door Type Market Share Analysis

8.2.3. By End-User Market Share Analysis

8.2.4. By Sales Channel Market Share Analysis

8.2.5. By Country

8.2.5.1. China Portable Mini Fridge Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.1.2. By Volume

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Capacity Market Share Analysis

8.2.5.1.2.2. By Door Type Market Share Analysis

8.2.5.1.2.3. By End-User Market Share Analysis

8.2.5.1.2.4. By Sales Channel Market Share Analysis

8.2.5.2. Japan Portable Mini Fridge Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.1.2. By Volume

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Capacity Market Share Analysis

8.2.5.2.2.2. By Door Type Market Share Analysis

8.2.5.2.2.3. By End-User Market Share Analysis

8.2.5.2.2.4. By Sales Channel Market Share Analysis

8.2.5.3. India Portable Mini Fridge Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.1.2. By Volume

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Capacity Market Share Analysis

8.2.5.3.2.2. By Door Type Market Share Analysis

8.2.5.3.2.3. By End-User Market Share Analysis

8.2.5.3.2.4. By Sales Channel Market Share Analysis

8.2.5.4. Vietnam Portable Mini Fridge Market Outlook

8.2.5.4.1. Market Size & Forecast

8.2.5.4.1.1. By Value

8.2.5.4.1.2. By Volume

8.2.5.4.2. Market Share & Forecast

8.2.5.4.2.1. By Capacity Market Share Analysis

8.2.5.4.2.2. By Door Type Market Share Analysis

8.2.5.4.2.3. By End-User Market Share Analysis

8.2.5.4.2.4. By Sales Channel Market Share Analysis

8.2.5.5. South Korea Portable Mini Fridge Market Outlook

8.2.5.5.1. Market Size & Forecast

8.2.5.5.1.1. By Value

8.2.5.5.1.2. By Volume

8.2.5.5.2. By Capacity Market Share Analysis

8.2.5.5.3. By Door Type Market Share Analysis

8.2.5.5.4. By End-User Market Share Analysis

8.2.5.5.5. By Sales Channel Market Share Analysis

8.2.5.6. Indonesia Portable Mini Fridge Market Outlook

8.2.5.6.1. Market Size & Forecast

8.2.5.6.1.1. By Value

8.2.5.6.1.2. By Volume

8.2.5.6.2. Market Share & Forecast

8.2.5.6.2.1. By Capacity Market Share Analysis

8.2.5.6.2.2. By Door Type Market Share Analysis

8.2.5.6.2.3. By End-User Market Share Analysis

8.2.5.6.2.4. By Sales Channel Market Share Analysis

9. Middle East & Africa Portable Mini Fridge Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Capacity Market Share Analysis

9.2.2. By Door Type Market Share Analysis

9.2.3. By End-User Market Share Analysis

9.2.4. By Sales Channel Market Share Analysis

9.2.5. By Country

9.2.5.1. South Africa Portable Mini Fridge Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.1.2. By Volume

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Capacity Market Share Analysis

9.2.5.1.2.2. By Door Type Market Share Analysis

9.2.5.1.2.3. By End-User Market Share Analysis

9.2.5.1.2.4. By Sales Channel Market Share Analysis

9.2.5.2. Saudi Arabia Portable Mini Fridge Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.1.2. By Volume

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Capacity Market Share Analysis

9.2.5.2.2.2. By Door Type Market Share Analysis

9.2.5.2.2.3. By End-User Market Share Analysis

9.2.5.2.2.4. By Sales Channel Market Share Analysis

9.2.5.3. UAE Portable Mini Fridge Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.1.2. By Volume

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Capacity Market Share Analysis

9.2.5.3.2.2. By Door Type Market Share Analysis

9.2.5.3.2.3. By End-User Market Share Analysis

9.2.5.3.2.4. By Sales Channel Market Share Analysis

9.2.5.4. Turkey Portable Mini Fridge Market Outlook

9.2.5.4.1. Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.1.2. By Volume

9.2.5.4.2. Market Share & Forecast

9.2.5.4.2.1. By Capacity Market Share Analysis

9.2.5.4.2.2. By Door Type Market Share Analysis

9.2.5.4.2.3. By End-User Market Share Analysis

9.2.5.4.2.4. By Sales Channel Market Share Analysis

10. South America Portable Mini Fridge Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Capacity Market Share Analysis

10.2.2. By Door Type Market Share Analysis

10.2.3. By End-User Market Share Analysis

10.2.4. By Sales Channel Market Share Analysis

10.2.5. By Country

10.2.5.1. Argentina Portable Mini Fridge Market Outlook

10.2.5.1.1. Market Size & Forecast

10.2.5.1.1.1. By Value

10.2.5.1.1.2. By Volume

10.2.5.1.2. Market Share & Forecast

10.2.5.1.2.1. By Capacity Market Share Analysis

10.2.5.1.2.2. By Door Type Market Share Analysis

10.2.5.1.2.3. By End-User Market Share Analysis

10.2.5.1.2.4. By Sales Channel Market Share Analysis

10.2.5.2. Colombia Portable Mini Fridge Market Outlook

10.2.5.2.1. Market Size & Forecast

10.2.5.2.1.1. By Value

10.2.5.2.1.2. By Volume

10.2.5.2.2. Market Share & Forecast

10.2.5.2.2.1. By Capacity Market Share Analysis

10.2.5.2.2.2. By Door Type Market Share Analysis

10.2.5.2.2.3. By End-User Market Share Analysis

10.2.5.2.2.4. By Sales Channel Market Share Analysis

10.2.5.3. Brazil Portable Mini Fridge Market Outlook

10.2.5.3.1. Market Size & Forecast

10.2.5.3.1.1. By Value

10.2.5.3.1.2. By Volume

10.2.5.3.2. Market Share & Forecast

10.2.5.3.2.1. By Capacity Market Share Analysis

10.2.5.3.2.2. By Door Type Market Share Analysis

10.2.5.3.2.3. By End-User Market Share Analysis

10.2.5.3.2.4. By Sales Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.1.1. Rising demand from hospitality sector

11.1.2. Increasing demand of energy-efficient appliances

11.1.3. Growing recreational activities

11.2. Challenges

11.2.1. Limited shelf size

11.2.2. High cost of the product

12. Impact of COVID-19 on Global Portable Mini Fridge Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key Sales Channel Impacted

13. Market Trends & Developments

13.1. Multiple use of the product

13.2. Rising demand from clinics and hospitals

13.3. Rising popularity of luxury cars embedded with mini fridge

13.4. Increasing technological advancements

13.5. Increasing demand from developing countries

14. Porter’s Five Forces Model

14.1. Competitive Rivalry

14.2. Bargaining Power of Buyers

14.3. Bargaining Power of Suppliers

14.4. Threat of New Entrants

14.5. Threat of Substitutes

15. SWOT Analysis

15.1. Strengths

15.2. Weaknesses

15.3. Opportunities

15.4. Threats

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Midea Group Co. Ltd.

16.1.1.1. Company Details

16.1.1.2. Product & Services

16.1.1.3. Financials (As Reported)

16.1.1.4. Key Market Focus & Geographical Presence

16.1.1.5. Recent Developments

16.1.1.6. Key Management Personnel

16.1.2. Haier Inc.

16.1.2.1. Company Details

16.1.2.2. Product & Services

16.1.2.3. Financials (As Reported)

16.1.2.4. Key Market Focus & Geographical Presence

16.1.2.5. Recent Developments

16.1.2.6. Key Management Personnel

16.1.3. Whirlpool Corporation

16.1.3.1. Company Details

16.1.3.2. Product & Services

16.1.3.3. Financials (As Reported)

16.1.3.4. Key Market Focus & Geographical Presence

16.1.3.5. Recent Developments

16.1.3.6. Key Management Personnel

16.1.4. Godrej & Boyce Manufacturing Company Limited

16.1.4.1. Company Details

16.1.4.2. Product & Services

16.1.4.3. Financials (As Reported)

16.1.4.4. Key Market Focus & Geographical Presence

16.1.4.5. Recent Developments

16.1.4.6. Key Management Personnel

16.1.5. Electrolux AB

16.1.5.1. Company Details

16.1.5.2. Product & Services

16.1.5.3. Financials (As Reported)

16.1.5.4. Key Market Focus & Geographical Presence

16.1.5.5. Recent Developments

16.1.5.6. Key Management Personnel

16.1.6. Living Direct, Inc.

16.1.6.1. Company Details

16.1.6.2. Product & Services

16.1.6.3. Financials (As Reported)

16.1.6.4. Key Market Focus & Geographical Presence

16.1.6.5. Recent Developments

16.1.6.6. Key Management Personnel

16.1.7. ARB Corporation Ltd

16.1.7.1. Company Details

16.1.7.2. Product & Services

16.1.7.3. Financials (As Reported)

16.1.7.4. Key Market Focus & Geographical Presence

16.1.7.5. Recent Developments

16.1.7.6. Key Management Personnel

16.1.8. Danby Products Limited

16.1.8.1. Company Details

16.1.8.2. Product & Services

16.1.8.3. Financials (As Reported)

16.1.8.4. Key Market Focus & Geographical Presence

16.1.8.5. Recent Developments

16.1.8.6. Key Management Personnel

16.1.9. LG Electronics Inc.

16.1.9.1. Company Details

16.1.9.2. Product & Services

16.1.9.3. Financials (As Reported)

16.1.9.4. Key Market Focus & Geographical Presence

16.1.9.5. Recent Developments

16.1.9.6. Key Management Personnel

16.1.10. Whynter LLC

16.1.10.1. Company Details

16.1.10.2. Product & Services

16.1.10.3. Financials (As Reported)

16.1.10.4. Key Market Focus & Geographical Presence

16.1.10.5. Recent Developments

16.1.10.6. Key Management Personnel

17. Strategic Recommendations/Action Plan

17.1. Key Focus Areas

17.2. Target Regions & Countries

17.3. Target Capacity Type

17.4. Target Sales Channel

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which sector is witnessing the most demand of portable mini fridge market?

The commercial sector holds the largest share in the portable mini fridge market owing to the ring recreational activities which includes trekking, camping, outdoor visits, etc. Moreover, the growth of tourism sector leads to the development of new hotels and restaurants, creating a demand of portable mini fridge in the market.

What region will dominate the global portable mini fridge market?

The market for portable mini fridges is projected to be mostly driven by North America due to factors including increased millennial participation in outdoor recreational activities and the hospitality industry's stronghold, which includes hotels. Moreover, the Asia-Pacific region is anticipated to become the fastest growing market due to the rising per capita income in developing countries such as China, India, etc. Additionally, the data provided by Economic Times, the travel, hospitality, and tourism industry will rise by 36% in 2022 in Asia-Pacific region. This will increase the demand of portable mini fridge market.

Does portable mini fridge consume a lot of electricity?

The portable mini fridge consumes 65 watts of power when it runs for 8 to 10 hours a day and it would costs USD20-30 per year. Thus, the mini fridge not only consumes less electricity but also prevent huge electricity bills while also providing effective cooling and better results.

What companies make portable mini fridge?

Midea Group, Haier Inc., Whirlpool Corporation, Godrej Group, Electrolux AB, Living Direct, Inc., ARB USA, Danby Products Limited, LG Electronics Inc., Whynter LLC are the key players in the global portable mini fridge market.

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