Global Portable Mini Fridge Market Size Is Estimated To Reach $1,748.9 Million In 2025 | Current Demand & Growth With In-depth Analysis of Industry Players

According to the report, the global portable mini fridge market is expected to attain $1.75 billion by 2025, growing at a CAGR of 5.0% during the forecast period, 2018-2025. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The growth of the global portable mini fridge market is driven by the need for cold storage in commercial vehicles, the surge in demand from residential customers, and the unprecedented growth of hospitality industry & medical services. Additionally, the rise in adoption of mobile living has fueled innovation in terms of design and is set to provide lucrative opportunities to emerging market players in the near future. However, high cost associated with portable mini fridge, limited cooling efficiency & storage, and lower demand for luxury cars and RVs in developing economies hamper market growth.

The report segments the portable mini fridge market based on type, application, and region. Based on type, the market can be segmented into less than 1 cu ft, 11.9 cu ft, 22.9 cu ft, 33.9 cu ft, and 45 cu ft. Based on application, the market is divided into commercial and residential use. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key Market Players Profiled In The Report:

• ARB
• Danby
• Dometic Group AB
• EdgeStar (Living Direct Inc.)
• Engel Australia Pty Ltd.
• Haier Inc
• Koolatron
• LG Electronics
• Godrej Group
• Whynter

Key Benefits of the Report:

♦ This study presents the analytical depiction of the Portable Mini Fridge industry along with the current trends and future estimations to determine the imminent investment pockets.
♦ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Portable Mini Fridge Market share.
♦ The current market is quantitatively analyzed from 2018 to 2025 to highlight the global Portable Mini Fridge Market growth scenario.
♦ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
♦ The report provides a detailed Portable Mini Fridge Market analysis based on competitive intensity and how the competition will take shape in coming years.

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Source: Allied Market Research