Growing Europe Portable Mini Fridge Market Demand Ensures Motivated Revenue Share in 2030 – Materials Handling

Europe Portable Mini Fridge Market was valued at US$341.20 million in 2017 and is projected to reach US$442.30 million by 2026, at a CAGR of 3.30% during a forecast period.

Portable mini fridges offer features like low power consumption and less space, attract consumers to replace their conventional fridges with portable mini fridges. Consumers can install them wherever they want instantly after purchase. Lightness is a key advantage of mini fridges. Travelers can go for long and short trips with these refrigerators. Portable mini fridges are also called travel mini fridges.

Growing need for cold rooms in commercial vehicles and growing demand for smart & energy saving home appliances among consumers is one of the dominating factors driving the portable mini fridge market. The evolution of the hospitality industry is mainly driving the market demand for portable mini fridges.

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Limits in refrigeration efficiency and limited opportunities in residential space are limiting the growth of the European portable mini fridge market.

In commercial application, portable mini fridges are used for cooling purposes in roads & commercial vehicles, tugs & transport boats, caravans and other commercial places, such as hotels, restaurants, offices. Consumers can install them wherever they want instantly after purchase. Lightness is a key advantage of mini fridges. Travelers can go for long and short trips with these refrigerators. Portable mini fridges are also called travel mini fridges

Retro and colorful designs of residential portable mini fridges are the latest trends in the European portable mini fridge market. Design and color have become important factors that encourage consumers’ purchasing decisions for these devices.

Mini fridges are also used for medical applications. They are gradually being used for the storage and transport of drugs and vaccines by diabetes clinics, state and county health departments, medical laboratories, vaccination clinics.

Portable mini fridges are used in recreational vehicles, commercial and passenger vehicles, ocean cruisers and pleasure yachts, as well as in the residential segment, where they are used by people who plan frequent short outdoor trips and longs for camping, fishing and other recreational activities. .

On the basis of type, the 2-2.9 cu ft portable mini fridge segment is expected to dominate the European portable mini fridge market owing to the increase in demand from customers who travel extensively as well as urban occupants. who live alone in small apartments.

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Technical advancement and modern lifestyle coupled with the adoption of smart and energy efficient home appliances are the key factors driving the growth of the portable mini fridge market in UK. The increase in the hospitality industry in European countries is driving the demand for portable mini fridges. Higher visibility of portable mini fridge offerings in many retail distribution channels and customer engagement on camping websites and social media are driving the demand for portable mini fridges.

Key profiled and analyzed in report

Dometic Group AB (Publ), Smeg SPA, Signature (LG Electronics), Caldura, Rubiks Cube (Husky International), Chillquiet, Igenix, Danby, GE Appliances and Haier Inc.

Report Scope for Europe Portable Mini Fridges Market

Europe Portable Mini Fridge Market, By Type

Less than 1 cubic foot

1 to 1.9 ft³

2 – 2.9 cu. ft.

3 to 3.9 cu. ft.

4 to 5 cubic feet

Europe Portable Mini Fridge Market, By Application

Residential

Commercial

Europe Portable Mini Fridge Market, By Country

Germany

UK

France

Italy

Spain

The rest of Europe.

Key Players of the Portable Mini Fridge Market in Europe

Dometic Group AB (Ed.)

Smeg SPA

Signature (LG Electronics)

Caldure

Rubik’s Cube (Husky International)

coldcalm

Igenix

Danby

GE Appliances

Haier inc.

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Mary I. Bruner