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The global portable mini fridge market is growing at witnessing robust growth, owing to multiple reasons such as including the increased need for using a refrigerator during recreational recreation like picnics, hiking, and camping to keep the food fresh for a 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 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 for portable mini fridges in the country. Consumers are increasingly using e-commerce websites to buy electronics, including mini-fridges. This aspect can be relevantly owned by 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 a 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
To improve customer experience, many hotel chains have started providing portable mini fridges in the rooms, which is contributing to the demand for portable mini-fridges. As per the data provided by the American Hotel & Lodging Association in the State of The Hotel Industry Report 2022, the revenues from hotel rooms are projected to reach USD 168 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 to boost their GDP. This will ultimately lead to increased demand for portable mini fridges 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 refrigerators in commercial spaces such as hospitals and clinics. These commercial spaces store medications and medical devices that require specialized storage conditions. Additionally, the demand for mini fridges is forecasted to rise among women consumers as it provides them space to keep different cosmetic items for a better product 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 a rise in demand for global portable mini-fridges. 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.
Market Segmentation
The portable mini fridge market is segmented on capacity, door type, and 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 the 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 Profile
Midea Group, Haier Inc., Whirlpool Corporation, Godrej Group, Electrolux AB, Living Direct, Inc., ARB USA, Danby Products Limited, LG Electronics Inc., and Whynter LLC are among the major market players in the global platform that lead the market growth of the global portable mini fridge market.
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 Profile
Detailed analysis of the major companies present in the global portable mini fridge market.
Available Customizations:
With the given market data, the analyst 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).
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Table of Contents
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
(Note: The companies list can be customized based on the client requirements.)
Companies Mentioned
- Midea Group Co. Ltd.
- Haier Inc.
- Whirlpool Corporation
- Godrej & Boyce Manufacturing Company Limited
- Electrolux AB
- Living Direct, Inc.
- ARB Corporation Ltd
- Danby Products Limited
- LG Electronics Inc.
- Whynter LLC
