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Global Portable Mini Fridge Market 2016-2020

Global Portable Mini Fridge Market 2016-2020

About Portable Mini Fridge

A portable mini fridge is the best option to keep food, beverage, medicines, and cosmetics cool while travelling. These mini fridges are smaller and lighter than conventional refrigerators. So, consumers can set them up wherever they want immediately after purchase. A light weight is a key property of these fridges. Due to this property, travelers install them in their vehicles and move around for long and short trips. Portable mini fridges are also called travel mini fridges.

Technavio’s analysts forecast the global portable mini fridge market to grow at a CAGR of 4.15% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global portable mini fridge market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of portable mini fridges (compressor and non-compressor based), and portable electric or battery operated coolers worldwide.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Portable Mini Fridge Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ARB
  • Danby
  • Dometic
  • Engel
  • EdgeStar
  • Electrolux
  • Haier
  • Koolatron
  • Whirlpool
  • Whynter
Other prominent vendors
  • AGA Marvel
  • Avanti Products
  • Coleman
  • Gourmia
  • Kegco
  • Felix Storch
  • FridgeFreeze
  • Igloo
  • Indel B
  • LG Electronics
  • Midea
  • MCA Corporation
  • Panasonic
  • Sears Holdings Company
  • Uber Appliance
  • U-Line
  • Vinotemp International
  • XElectron
Market driver
  • Increasing demand from residential customers.
  • For a full, detailed list, view our report
Market challenge
  • Limitations in refrigeration efficiency and limited opportunity in residential space.
  • For a full, detailed list, view our report
Market trend
  • Trend for retro and colorful designs in residential portable mini fridges.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Portable Mini Fridge Market 2016-2020

Technavio recognizes the following companies as the key players in the global portable mini fridge market: ARB, Danby, Dometic, Engel, EdgeStar, Electrolux, Haier, Koolatron, Whirlpool, and Whynter.

Other prominent vendors in the market are: AGA Marvel, Avanti Products, Coleman, Gourmia, Kegco, Felix Storch, FridgeFreeze, Igloo, Indel B, LG Electronics, Midea, MCA Corporation, Panasonic, Sears Holdings Company, Uber Appliance, U-Line, Vinotemp International, and XElectron.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is trend for retro and colorful designs in residential portable mini fridges. Design and color have become important factors that influence consumers' purchasing decisions for appliances like portable mini fridges. Consumers today are not only concerned about the function of an appliance but also about the way it looks in terms of design and are even ready to pay a little extra for a better design. They want the appliances they use to reflect their individual style and design preferences even while travelling. Such desires are expected to shape volume growth over the forecast period owing to the fact that product offerings are becoming more individualized to cater to the various demands of consumers. Retro designs are gaining traction among consumers. To cater to different kind of consumers, players are coming up with attractive designs. For instance, NFL is selling portable mini fridges with different sports designs to attract sports fans. Portable mini fridges with trendy colors and printed designs are gaining the attention of the consumers.”

According to the report, one of the primary drivers in the market is need for cold storage in commercial vehicles. Road truckers and cab drivers are always on the road. Many of these professionals prefer eating food packed from home or elsewhere inside their vehicles to eating out as it saves time and money. Thus, they need portable mini fridges to keep their food and beverages fresh. As long as the batteries of the vehicles work properly, portable mini fridges work well. With an increase in the number of road truckers and cab drivers on the road, the demand for portable mini fridges for commercial vehicles (trucks and cabs) is expected to increase.

Further, the report states that one major challenge in the market is lower demand for luxury cars and RVs in emerging economies. Luxury cars and RVs in which portable mini fridges are mostly used have lower demand in emerging economies like APAC and MEA owing to the premium prices of these vehicles. Unlike in developed countries like the US where overall shipments of RVs are increasing on a year-on-year basis ($10 billion RV sales in 2015), in emerging countries like India, the sales of these vehicles are low. The low penetration of luxury and RVs in the emerging regions restricts the use of portable mini fridges in the commercial segments in these regions.



Companies Mentioned

ARB, Danby, Dometic, Engel, EdgeStar, Electrolux, Haier, Koolatron, Whirlpool, Whynter, AGA Marvel, Avanti Products, Coleman, Gourmia, Kegco, Felix Storch, FridgeFreeze, Igloo, Indel B, LG Electronics, Midea, MCA Corporation, Panasonic, Sears Holdings Company, Uber Appliance, U-Line, Vinotemp International, XElectron.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings by door type
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Global refrigerator market
      • Table Penetration rate of refrigerators among households in different regions in 2015
      • Table Global residential refrigerator market 2015-2020 ($ billion)
      • Table Purchasing criteria of consumers for residential refrigerators
      • Table Refrigerator export by country in 2015
    • Mini fridges
      • Table Factors consumers consider before purchasing a mini fridge
      • Table Types of mini fridge widely available
      • Table Global portable mini fridge market 2015-2020 ($ billions)
      • Table Global refrigerator and global portable mini fridge market in 2015
      • Table Portable mini fridge by technology
      • Table Features considered while purchasing a portable mini fridge
      • Table Portable mini fridges by door type
  • Five forces analysis
    • Table Five forces analysis
  • Segmentation by end customer segment
    • Global portable mini fridge market by end-customers
      • Table Global portable mini fridge market by end-customer in 2015
      • Table Global portable mini fridge market by end-customer 2020
  • Segmentation by distribution channel
    • Sales distribution channels
      • Table Global portable mini fridge market by distribution channel in 2015
    • Retail sales distribution channels
      • Table Global portable mini fridge market by retail distribution channel in 2015
      • Table Analysis of different retail formats based on key parameters
  • Geographical segmentation
    • Americas
      • Table Popular activities during camping in North America in 2015
      • Table Portable mini fridge market in the Americas 2015-2020 ($ billions)
    • Europe
      • Table Top 10 countries with the highest number of campsites
      • Table Portable mini fridge market in Europe 2015-2020 ($ billions)
      • Table Labor force participation rate among women aged 15 and above in the UK (%)
    • APAC
      • Table Portable mini fridge market in APAC 2015-2020 ($ millions)
    • MEA
      • Table Portable mini fridge market in MEA 2015-2020 ($ millions)
  • Key leading countries
    • US - Biggest market for portable mini fridges
      • Table Number of sport fishing trips by coastal states in 2014
      • Table US truck retail sales (in million units) 2010-2015
      • Table US female civilian labor force projected till 2024 (numbers in thousands)
    • Germany - Second biggest market for portable mini fridges
      • Table Labor force participation rate among women aged 15 and above in Germany (%)
  • Market drivers
    • Need for cold storage in commercial vehicles
      • Table Expected growth in truck growth 2015-2020 (%)
    • Increasing demand from residential customers
      • Table Reasons for increase in recreational activities
      • Table Global camping equipment market 2015-2020 ($ billions)
      • Table Global labor force participation rate among women 2012-2014 (%)
    • Growing hospitality industry and increasing popularity of mobile medical services and transport
      • Table Global vaccine market revenues for different years ($ billion)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Limitations in refrigeration efficiency and limited opportunity in residential space
    • Lower demand for luxury cars and RVs in emerging economies
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Trend for retro and colorful designs in residential portable mini fridges
    • Technological innovation and innovative features
  • Vendor landscape
    • Competitive landscape
    • ARB
      • Table ARB: Business segmentation in 2015 (% revenue)
      • Table ARB: Product offerings in the global portable mini fridge market
    • Danby
      • Table Danby: Product offerings in the global portable mini fridge market
    • Dometic
      • Table Dometic: Product offerings in the global portable mini fridge market
    • Engel
      • Table Engel: Product offerings in the global portable mini freezer market
    • EdgeStar
      • Table EdgeStar: Product offerings in the global portable mini fridge market
    • Electrolux
      • Table Electrolux: Business segmentation by revenue in 2015
      • Table Electrolux: Geographical segmentation by revenue in 2015
      • Table Electrolux: Product offerings in the global portable mini fridge market
    • Haier
      • Table Haier: Business segmentation by revenue in 2015
      • Table Haier: Geographical segmentation by revenue in 2015
      • Table Haier: Product offerings in the global portable mini fridge
    • Koolatron
      • Table Koolatron: Product offerings in the global portable mini fridge market
    • Whirlpool
      • Table Whirlpool: Business segmentation by revenue in 2015
      • Table Whirlpool: Geographical segmentation by revenue in 2015
      • Table Whirlpool: Product offerings in the global portable mini fridge market
    • Whynter
      • Table Whynter: Product offerings in the global portable mini fridge market
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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