Portable Mini Fridge Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented 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.), By Door Type (Single Door, Double Door, Reversible Door) By End User (Residential, Commercial) By Sales Channel (Multi-Branded Stores, Supermarkets/Hypermarkets, Online and Others (Institutional

The global portable mini fridge market is growing at witnessing a robust growth, owing to the multiple reasons such as including the increased need for using a refrigerator during recreational recreation like picnics, hiking, and camping for keeping the food fresh for 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 for 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 of portable mini fridge in the country.

Consumers are increasingly using e-commerce websites to buy electronics, including mini fridges. This aspect can be relevantly owned to 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 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

USD168 billion

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 refrigerator in commercial spaces such as hospitals and clinics. These commercial spaces store medications and medical devices that require specialized storage conditions. Additionally, the demand of mini fridge is forecasted to rise among women consumers as it provides them space to keep different cosmetic items for a better product’s 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 rise in demand of global portable mini fridge. 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 based on capacity, by door type, by 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 end user, the market is further divided into commercial, and residential. Based on sales channel, the market is fragmented into

Company Profiles

Midea Group, Haier Inc., Whirlpool Corporation, Godrej Group, Electrolux AB, Living Direct, Inc., ARB USA, Danby Products Limited, LG Electronics Inc., Whynter LLC are