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.
Know more about sample report: https://marketreportscenter.com/request-sample/455993
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.
Know more about sample report: https://marketreportscenter.com/request-sample/455993
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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get Discount: https://marketreportscenter.com/request-discount/455993
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get Discount: https://marketreportscenter.com/request-discount/455993
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?
Table of content: https://marketreportscenter.com/reports/455993/global-portable-mini-fridge-market-2016-2020#toc
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