Portable Mini Fridge Market in Future, Industry Share, Size and Forecast

The latest report published by IMARC Group, titled “Portable Mini Fridge Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on the portable mini fridge market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global portable mini fridge market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The baler market is segmented by size and region.

Industry Overview and Application:

A portable mini fridge refers to a compact refrigerator that can be moved and carried around easily. It is available in numerous shapes, capacities, and sizes and operates on minimal power. Mini fridges contain a compact compressor, expansion valves, refrigerant, heat-exchanging pipes coiled outside the unit, etc. They are used for storing various products, such as cosmetics and pharmaceutical drugs, while maintaining their freshness, especially during travel. Consequently, these fridges are extensively utilized in vanity vans, marine cruises, leisure yachts, recreational vehicles (RVs), mobile and small homes, medical transport units, etc.

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Market Trends and Drivers:

The escalating demand for cold storage systems in luxury vehicles across the globe is among the primary factors driving the portable mini fridge market. Besides this, the shifting consumer preferences towards mobile homes as an affordable alternative for first-time homeowners and frequent travelers are further bolstering the market growth. Additionally, the increasing demand for high-capacity mini-fridges to store temperature-sensitive pharmaceutical drugs with specific storage requirements is also augmenting the global market. Apart from this, the introduction of innovative product variants with adjustable automatic battery protection systems to prevent vehicle battery rundown is acting as another growth-inducing factor. Furthermore, the growing popularity of outdoor recreational activities, such as picnics, camping, road trips, etc., is projected to fuel the portable mini fridge market over the forecasted period.

Portable Mini Fridge Market Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global portable mini fridge market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

Key Market Segmentation:

The report has segmented the global portable mini fridge market on the basis of product type, technology, application, distribution channel and region.

Breakup by Product Type: