Global Minibars for Marine Industry Market Size By Sales Channel Type (OEM and Aftermarket), By Application (Cruise Ships, Yachts, and Motor Boats), By Geographic Scope And Forecast
Global Minibars for Marine Industry Market Size By Sales Channel Type (OEM and Aftermarket), By Application (Cruise Ships, Yachts, and Motor Boats), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Minibars for Marine Industry Market Size By Sales Channel Type (OEM and Aftermarket), By Application (Cruise Ships, Yachts, and Motor Boats), By Geographic Scope And Forecast
Minibars for Marine Industry Market Size And Forecast
Minibars for Marine Industry Market size was valued at USD 475.36 Million in 2021 and is projected to reach USD 679.20 Million by 2030, growing at a CAGR of 4.18% from 2023 to 2030.
The rise in the disposable income and expansion of the facilities on cruises, ships, and yachts are driving the growth of the overall marine tourism sector over the forecast period. The Global Minibars for Marine Industry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Minibars for Marine Industry?
A minibar? Think of it as your own little fridge, usually one of those quiet absorption refrigerators, chilling away in your hotel room or cruise ship cabin. The friendly staff keep it stocked with drinks and snacks, all ready for you to enjoy (for a price, of course!). Especially on cruise ships, these minibars use special non-flammable stuff to keep things cool and safe. Each minibar has a set list of goodies inside, along with a price tag. When you're checking out of the ship, they'll add up what you've enjoyed from the minibar to your bill. What's inside? Expect things like mini bottles of booze, water, juice, and soda, plus sweet and savory treats like candy, crackers, and cookies.
Global Minibars for Marine Industry Market Overview
The ocean? It's not just a pretty view anymore! It's a huge player in the tourism game, and it's getting bigger fast. Take it from the University of Central Florida – they found that chillin' by the coast and exploring the deep blue makes up about 50% of all tourism worldwide. That's like, USD 4.6 trillion! Or, as they put it, 5.2% of all the money in the world. And for tiny islands and coastal towns? Marine tourism is essential. What's fueling all this? Well, more people have money to spend, and those cruises, ships, and yachts? They're just getting fancier.
With more cruise lines seeking out new ways to address growing demands for convenient, immediate, and personalized service, the sales of minibars are on the rise. Like so many cruise amenities, the demand for minibars has also evolved to fulfill the needs of the passengers. Therefore, the rising modernization of the cruise industry is one of the key factors which is driving the growth of the market.
Global Minibars for Marine Industry MarketSegmentation Analysis
The Minibars for Marine Industry Market is segmented on the basis of Sales Channel Type, Application, and Geography.
Minibars for Marine Industry Market, By Sales Channel Type
• OEM• Aftermarket
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Based on Sales Channel Type, the market is bifurcated into OEM and Aftermarket. OEM accounted for the largest market share in 2020. A subcontractor produces an OEM product with the permission from the nameplate manufacturer. Some OEM producers might also create aftermarket products.
Minibars for Marine Industry Market, By Application
• Cruise Ships• Yachts• Motor Boats
To Get Summarized Market Report By Application-
On the basis of Application, the Global Minibars for Marine Industry Market has been segmented into Cruise Ships, Yachts, and Motor Boats. Cruise Ships accounted for the largest market share in 2020. The majority of cruise ships have either stocked or unstocked mini bar units, which are made to keep beverages at a consistent temperature. Hence the growing number of passengers opting for cruise travel is the major driver for the overall minibars market to grow over the forecast period.
Minibars for Marine Industry Market, By Geography
• North America• Europe• Asia Pacific• Middle East and Africa• Latin America
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On the basis of regional analysis, the Global Minibars for Marine Industry Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to hold the largest market share of the Minibars for Marine industry during the forecast period followed by Europe. . Future growth of the yacht sector is also anticipated to be fueled by a rise in the number of rich individuals and add-on services provided by cruise lines.
Key Players
The major players in the market are Dometic Group AB, Indel B S.p.A, ISM Minibar, Norcold Corporation, Vitrifrigo s.r.l, Penguin Refrigeration, Isotherm, and Raritan Engineering Company. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Dometic Group AB, Indel B S.p.A, ISM Minibar, Norcold Corporation, Vitrifrigo s.r.l, Penguin Refrigeration, Isotherm, and Raritan Engineering Company.
SEGMENTS COVERED
Sales Channel Type, Application, and Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
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Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative methods, breaking it down by segments based on economic and non-economic factors. You'll get market value data (in USD Billion) for every segment and sub-segment. We'll point out which region and segment is expected to grow the fastest and which will be the biggest. Our geographical analysis highlights product/service consumption, explaining what's driving the market in each region. Plus, we cover the competitive landscape, ranking the major players and detailing new launches, partnerships, expansions, and acquisitions from the past five years. We've included detailed company profiles with overviews, insights, product benchmarking, and even SWOT analyses of the key players. Get a clear picture of the industry's present and future, considering recent developments, growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We also provide a thorough analysis from different angles using Porter's five forces. You'll gain insight into the market through its Value Chain. Expect a look at market dynamics and future growth opportunities. Oh, and don't forget the 6 months of post-sales analyst support!
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