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LAMEA Minibar Refrigerators Market Size, Share & Industry Trends Analysis Report By End-use, By Technology (Absorption, Thermoelectric/ Peltier and Compression), By Country and Growth Forecast, 2023 - 2030

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    Report

  • October 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935668
The Latin America, Middle East and Africa Minibar Refrigerators Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 283.9 thousand units, showcasing a growth of 6.2% (2023-2030).

Mini refrigerators in hotel rooms offer visitors the convenience of storing snacks, beverages, and medications, enhancing their overall experience. This factor will substantially increase product adoption rates in the hospitality industry. Bartech Systems International Inc. specializes in providing hotels in the region with automatic minibar solutions. These solutions are intended to improve the visitor experience and optimize hoteliers' revenue opportunities. Altering consumer preferences and lifestyles has a substantial impact on the market. This trend toward convenience is increasing demand for personal minibar refrigerators.

These are gaining popularity among consumers for a variety of factors. These refrigerators are also portable, making them convenient for road trips, camping outings, and office use. In addition, consumers can tailor minibar refrigerators to their specific requirements by adding an ice maker or adjustable shelves, for example. Technological advances also contribute to the expansion of the market. These features improve the user experience and cater to the expanding demand for sustainable and environmentally friendly appliances, making minibar refrigerators an attractive choice for consumers and businesses.

The LAMEA region comprises countries with diverse economic conditions. Some nations have emerging economies with a growing middle class, while others have more developed economies. These economic differences impact the affordability and demand for minibar refrigerators. Tourism is a significant driver of the hospitality industry in the LAMEA region. Hotels and accommodations often provide minibar refrigerators in guest rooms to enhance the guest experience. Accommodations and providers in the hospitality industry are likely to respond by offering customized minibar options and expanding their minibar refrigerator offerings to cater to the diverse tastes of tourists. These elements will boost the market growth in this region.

The Brazil region dominated the LAMEA Minibar Refrigerators Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.4 Million by 2030. The Argentina region is showcasing a CAGR of 5.6% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 4.7% during (2023 - 2030).

Based on End-use, the market is segmented into Hospitality, Transportation (Marines, Cruise Ships, Campervans/RVs and Others), Offices, Household and Others. Based on Technology, the market is segmented into Absorption, Thermoelectric/ Peltier and Compression. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dometic Group AB, Felix Storch Inc., Minibar Systems, Indel B Group, Hisense International Co., Ltd., Omnitec Systems S.L., Royal Minibars, Tefcold A/S (Lindblad Group ApS), Koolatron Corporation and Bartech Systems international Inc.

Scope of the Study

Market Segments Covered in the Report:

By End-use (Volume, Thousand Unit, USD Million, 2019-30)
  • Hospitality
  • Transportation
  • Marines
  • Cruise Ships
  • Campervans/RVs
  • Others
  • Offices
  • Household
  • Others
By Technology (Volume, Thousand Unit, USD Million, 2019-30)
  • Absorption
  • Thermoelectric/ Peltier
  • Compression
By Country (Volume, Thousand Unit, USD Million, 2019-30)
  • Brazil
  • Argentina
  • UAE
  • Egypt
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Dometic Group AB
  • Felix Storch Inc.
  • Minibar Systems
  • Indel B Group
  • Hisense International Co., Ltd.
  • Omnitec Systems S.L.
  • Royal Minibars
  • Tefcold A/S (Lindblad Group ApS)
  • Koolatron Corporation
  • Bartech Systems international Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Minibar Refrigerators Market, by End-use
1.4.2 LAMEA Minibar Refrigerators Market, by Technology
1.4.3 LAMEA Minibar Refrigerators Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Minibar Refrigerators Market, by End-use
4.1 LAMEA Hospitality Market, by Country
4.2 LAMEA Transportation Market, by Country
4.3 LAMEA Minibar Refrigerators Market, by Transportation Type
4.3.1 LAMEA Marines Market, by Country
4.3.2 LAMEA Cruise Ships Market, by Country
4.3.3 LAMEA Campervans/RVs Market, by Country
4.3.4 LAMEA Others Market, by Country
4.4 LAMEA Offices Market, by Country
4.5 LAMEA Household Market, by Country
4.6 LAMEA Others Market, by Country
Chapter 5. LAMEA Minibar Refrigerators Market, by Technology
5.1 LAMEA Absorption Market, by Country
5.2 LAMEA Thermoelectric/ Peltier Market, by Country
5.3 LAMEA Compression Market, by Country
Chapter 6. LAMEA Minibar Refrigerators Market, by Country
6.1 Brazil Minibar Refrigerators Market
6.1.1 Brazil Minibar Refrigerators Market, by End-use
6.1.1.1 Brazil Minibar Refrigerators Market, by Transportation Type
6.1.2 Brazil Minibar Refrigerators Market, by Technology
6.2 Argentina Minibar Refrigerators Market
6.2.1 Argentina Minibar Refrigerators Market, by End-use
6.2.1.1 Argentina Minibar Refrigerators Market, by Transportation Type
6.2.2 Argentina Minibar Refrigerators Market, by Technology
6.3 UAE Minibar Refrigerators Market
6.3.1 UAE Minibar Refrigerators Market, by End-use
6.3.1.1 UAE Minibar Refrigerators Market, by Transportation Type
6.3.2 UAE Minibar Refrigerators Market, by Technology
6.4 Egypt Minibar Refrigerators Market
6.4.1 Egypt Minibar Refrigerators Market, by End-use
6.4.1.1 Egypt Minibar Refrigerators Market, by Transportation Type
6.4.2 Egypt Minibar Refrigerators Market, by Technology
6.5 South Africa Minibar Refrigerators Market
6.5.1 South Africa Minibar Refrigerators Market, by End-use
6.5.1.1 South Africa Minibar Refrigerators Market, by Transportation Type
6.5.2 South Africa Minibar Refrigerators Market, by Technology
6.6 Nigeria Minibar Refrigerators Market
6.6.1 Nigeria Minibar Refrigerators Market, by End-use
6.6.1.1 Nigeria Minibar Refrigerators Market, by Transportation Type
6.6.2 Nigeria Minibar Refrigerators Market, by Technology
6.7 Rest of LAMEA Minibar Refrigerators Market
6.7.1 Rest of LAMEA Minibar Refrigerators Market, by End-use
6.7.1.1 Rest of LAMEA Minibar Refrigerators Market, by Transportation Type
6.7.2 Rest of LAMEA Minibar Refrigerators Market, by Technology
Chapter 7. Company Profiles
7.1 Dometic Group AB
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Felix Storch Inc.
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Minibar Systems
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Indel B Group
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 SWOT Analysis
7.5 Hisense International Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 SWOT Analysis
7.6 Omnitec System S.L.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Royal Minibar
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Tefcold A/S (Lindblad Group ApS)
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Koolatron Corporation
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Bartech Systems International Inc.
7.10.1 Company Overview
7.10.2 SWOT Analysis

Companies Mentioned

  • Dometic Group AB
  • Felix Storch Inc.
  • Minibar Systems
  • Indel B Group
  • Hisense International Co., Ltd.
  • Omnitec Systems S.L.
  • Royal Minibars
  • Tefcold A/S (Lindblad Group ApS)
  • Koolatron Corporation
  • Bartech Systems international Inc.

Methodology

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