Global Portable Fridges Market, By Size (Mini Portable Fridge, Standard Portable Fridge), Price Range (Economic, Mid-Range, Premium), Functionality (Conventional, Semi-automatic, Automatic), End User (Household, Commercial), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Portable Fridges Market
The portable fridges market size is expected to grow at a compound annual growth rate of 4.30% for the forecast period of 2021 to 2028. Portable fridges market report analyses the growth, which is currently being growing due to the high demand for convenient and compact refrigerators to carry medical supplies, pharmaceuticals, food and beverages and other products.
Portable fridges are ideal storage solution for keeping food fresh for a longer time and are also are ideal to be carried during picnics and other recreational activities. Their lightweight and compact design makes them perfect for carrying fresh food and drinks for outside activities.
The rising awareness regarding better fitness to promote the use of portable mini fridges for keeping the freshness of food and beverages is one of the major factors anticipated to drive the portable fridges market growth rate. Moreover, the high demand for the portable and compact fridge in personal vehicles and recreational vehicles amongst the adventure lovers and the high growth in travel and tourism industry are also expected to fuel the growth of the portable fridges market in the forecast period of 2021 to 2028. Additionally, the rise in social media influence as well as the increase in interest in adventure activities and sports are also expected to highly impact the growth of the portable fridges market. While, the rapid technological advancements leading to the emergence of more energy efficient models is also amongst the major factors expected to fuel the growth of the portable fridges market in the above mentioned forecast period.
In addition, the rise in the number of hotel chains and fondness for travel amongst people around the world and increase in the number of individuals opting for leisure, recreational and adventure-related activities such as hunting, boating, camping, exploring and recreational vehicle adventures are expected to bring various opportunities that will lead to the growth of the portable fridges market in the above mentioned forecast period.
However, the limited availability of labor and materials and high cost of the product are expected to act as a major limiting factors for portable fridges market, whereas the, limited product lifespan and high plastic content can challenge the growth of the portable fridges market in the forecast period of 2021 to 2028.
This portable fridges market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the portable fridges market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Portable Fridges Market Scope and Market Size
The portable fridges market is segmented on the basis of size, price range, functionality, end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on size, the portable fridges market is segmented into mini portable fridge and standard portable fridge.
- On the basis of price range, the portable fridges market is segmented into economic, mid-range and premium.
- Based on functionality, the portable fridges market is segmented into conventional, semi-automatic and automatic.
- On the basis of end user, the portable fridges market is segmented into household and commercial.
- The distribution channel segment of the portable fridges market is segmented into online and offline.
Portable Fridges Market Country Level Analysis
The portable fridges market is analyzed and market size, volume information is provided by country, size, price range, functionality, end user and distribution channel as referenced above.
The countries covered in the portable fridges market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the portable fridges market because of the rise in the demand for portable fridge in countries such as the U.S. and Canada. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid shift in the inclination towards outdoor activities among consumers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Portable Fridges Market Share Analysis
The portable fridges market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to portable fridges market.
The major players covered in the portable fridges market report are Whirlpool Corporation, ARB, Danby, DOMETIC GROUP AB, Engel Australia Pty Ltd., Haier Inc., Koolatron US, WHYNTER LLC, Samsung, AB Electrolux, Evakool, SAWAFUJI ELECTRIC CO., LTD., Living Direct, Inc., Indel B. S.p.a., Fridgefreeze Inc., Gourmia, Midea Group, Godrej Group, Shaoxing Shangyu North Electron Manufacture Co, Ltd., and LG Electronics, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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