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Portable Mini Fridge Market Report by Product Type, Technology, Application, Distribution Channel, and Region 2024-2032

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    Report

  • 143 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5912249
Description Jump to:
The global portable mini fridge market size reached US$ 1.4 Billion in 2023. Looking forward, the market is expected to reach US$ 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2023-2032.

A portable mini fridge is a compact refrigerator that can be moved and carried around conveniently. It is available in various shapes, sizes and capacities and requires minimal power to operate. Mini fridges consist of a compact compressor, heat-exchanging pipes coiled outside the unit, expansion valves and refrigerant to maintain cold temperatures inside the fridge.

They are usually mounted in recreational vehicles (RVs), mobile and small homes to keep the products fresh for long durations while traveling. They are also utilized for storing cosmetics and pharmaceutical drugs. As a result, portable mini fridges are widely used in vanity vans, marine cruises, leisure yachts, passenger and commercial vehicles and medical transport units.

Portable Mini Fridge Market Trends:

The increasing demand for cold storage systems in luxury vehicles across the globe is among the key factors driving the growth of the market. Moreover, the shifting consumer preference for mobile homes as an affordable alternative for first-time homeowners and frequent travelers is providing a thrust to the market growth. Portable mini fridges are used for energy-efficient cooling and maintaining the freshness of the food products on the go. In line with this, the increasing demand for high-capacity mini-fridges for storing temperature-sensitive pharmaceutical drugs with specific storage requirements is also contributing to the growth of the market.

Various product innovations, such as the launch of variants with adjustable automatic battery protection systems to prevent vehicle battery rundown, are favoring the market growth. Other factors, including the increasing preference for outdoor reactional activities, such as outing, picnics, camping, trekking and adventurous road trips, along with the widespread adoption of mini fridges in premium and luxury hotels for improved customer experience, are anticipated to drive the market toward growth.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global portable mini fridge market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, technology, application and distribution channel.

Breakup by Product Type:

  • Less Than 1 cu. ft.
  • 11.9 cu. ft.
  • 22.9 cu. ft.
  • 33.9 cu. ft.
  • 45 cu. ft.

Breakup by Technology:

  • Compressor Refrigeration
  • Semiconductor Refrigeration

Breakup by Application:

  • Residential
  • Commercial

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Retail Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ARB USA, Danby Products Limited, Dometic Group AB, Engel Distribution Pty Ltd., Godrej Industries Limited, Haier Group Corporation, Koolatron Corporation, LG Electronics Inc., Living Direct Inc. (Ferguson plc), Panasonic Corporation, Whirlpool Corporation and Whynter LLC.

Key Questions Answered in This Report:

  • How has the global portable mini fridge market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global portable mini fridge market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global portable mini fridge market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Portable Mini Fridge Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Less Than 1 cu. ft.
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 11.9 cu. ft.
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 22.9 cu. ft.
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 33.9 cu. ft.
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 45 cu. ft.
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Technology
7.1 Compressor Refrigeration
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Semiconductor Refrigeration
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Specialty Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Retail Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Online Stores
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ARB USA
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Danby Products Limited
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Dometic Group AB
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Engel Distribution Pty Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Godrej Industries Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Haier Group Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Koolatron Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 LG Electronics Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Living Direct Inc. (Ferguson plc)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Panasonic Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Whirlpool Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Whynter LLC
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Portable Mini Fridge Market: Major Drivers and Challenges
Figure 2: Global: Portable Mini Fridge Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Portable Mini Fridge Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Portable Mini Fridge Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Portable Mini Fridge Market: Breakup by Technology (in %), 2023
Figure 6: Global: Portable Mini Fridge Market: Breakup by Application (in %), 2023
Figure 7: Global: Portable Mini Fridge Market: Breakup by Distribution Channel (in %), 2023
Figure 8: Global: Portable Mini Fridge Market: Breakup by Region (in %), 2023
Figure 9: Global: Portable Mini Fridge (Less Than 1 cu. ft.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Portable Mini Fridge (Less Than 1 cu. ft.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Portable Mini Fridge (11.9 cu. ft.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Portable Mini Fridge (11.9 cu. ft.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Portable Mini Fridge (22.9 cu. ft.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Portable Mini Fridge (22.9 cu. ft.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Portable Mini Fridge (33.9 cu. ft.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Portable Mini Fridge (33.9 cu. ft.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Portable Mini Fridge (45 cu. ft.) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Portable Mini Fridge (45 cu. ft.) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Portable Mini Fridge (Compressor Refrigeration) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Portable Mini Fridge (Compressor Refrigeration) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Portable Mini Fridge (Semiconductor Refrigeration) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Portable Mini Fridge (Semiconductor Refrigeration) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Portable Mini Fridge (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Portable Mini Fridge (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Portable Mini Fridge (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Portable Mini Fridge (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Portable Mini Fridge (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Portable Mini Fridge (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Portable Mini Fridge (Specialty Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Portable Mini Fridge (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Portable Mini Fridge (Retail Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Portable Mini Fridge (Retail Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Portable Mini Fridge (Online Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Portable Mini Fridge (Online Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Portable Mini Fridge (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Portable Mini Fridge (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: Portable Mini Fridge Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: Portable Mini Fridge Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: Portable Mini Fridge Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: Portable Mini Fridge Industry: SWOT Analysis
Figure 87: Global: Portable Mini Fridge Industry: Value Chain Analysis
Figure 88: Global: Portable Mini Fridge Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Portable Mini Fridge Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Portable Mini Fridge Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Portable Mini Fridge Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Portable Mini Fridge Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Portable Mini Fridge Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 6: Global: Portable Mini Fridge Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Portable Mini Fridge Market: Competitive Structure
Table 8: Global: Portable Mini Fridge Market: Key Players

Companies Mentioned

  • ARB USA
  • Danby Products Limited
  • Dometic Group AB
  • Engel Distribution Pty Ltd.
  • Godrej Industries Limited
  • Haier Group Corporation
  • Koolatron Corporation
  • LG Electronics Inc.
  • Living Direct Inc. (Ferguson plc)
  • Panasonic Corporation
  • Whirlpool Corporation
  • Whynter LLC

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 1.4 Billion
Forecasted Market Value ( USD ) by 2032 $ 1.9 Billion
Compound Annual Growth Rate3.5%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Portable Mini Fridge Market

The Portable Mini Fridge market is a subset of the Household Appliances market. It is composed of small, compact refrigerators that are designed to be easily moved and stored. These fridges are typically used in dorm rooms, offices, and other small spaces. They are often used to store food and drinks, as well as to keep medications and other items cool. Portable Mini Fridges are typically powered by electricity, but some models are also powered by batteries. The Portable Mini Fridge market has seen steady growth in recent years, as more people are looking for convenient and space-saving solutions for their refrigeration needs. This market is expected to continue to grow as more people look for ways to save space and energy. Some companies in the Portable Mini Fridge market include Haier, Danby, Midea, and Whynter. Show Less Read more

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