Global Minibar Refrigerators Market Size study & Forecast, by Technology (Absorption, Thermoelectric/ Peltier and Compression) by End-use (Transportation, Hospitality, Offices, Household and Others) and Regional Analysis, 2023-2030

Description

List of Tables

Global Minibar Refrigerators Market is valued approximately USD 330.57 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.57% over the forecast period 2023-2030. The burgeoning hospitality sector, particularly the hotel industry, serves as a primary catalyst for the robust growth of the minibar refrigerators market. Hotels, renowned for their distinctive designs, tailored services, and immersive themes, are driving the surge in demand for minibar refrigerators. This momentum is underscored by data from the Q4 year-end global construction pipeline trend report by Lodging Econometrics (LE), revealing a substantial uptick in hotel construction activities. As of 2022, the global construction pipeline for hotels reached an impressive count of 14,267 establishments, encompassing 2,298,846 rooms-an increase of 4% year-over-year. In response to the evolving preferences of discerning guests, these properties are prioritizing the curation of high-quality minibar offerings that resonate with their brand identity. This strategic approach caters to guests seeking exclusivity and premium amenities, thereby fortifying the market's expansion trajectory.

The evolution of minibar refrigerators has been propelled by technological advancements, elevating them from basic cooling devices to sophisticated appliances equipped with state-of-the-art features. Smart minibar refrigerators exemplify this transformation, offering remote control, monitoring, and restocking capabilities. These advanced functionalities empower hotels to streamline operations and enhance guest experiences while providing valuable consumption data for optimized restocking and reduced wastage. Furthermore, market players are prioritizing energy efficiency, exemplified by offerings like Dometic Group AB's HiPro series. These premium minibars boast energy-saving capabilities and are free from chromate, a corrosion inhibitor recently flagged by the EU. The Dometic HiPro minibar refrigerators are designed for rapid drink chilling without excessive cooling. Their transparent door racks accommodate 1.5L bottles, while adjustable and removable shelves offer versatility for storing various products. Moreover, Changing consumer preferences and the availability of alternative amenities, such as vending machines or on-demand delivery services, could impact the demand for minibar refrigerators in hospitality settings.

The key regions considered for the Global Minibar Refrigerators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe emerged as a dominant force in the global minibar refrigerator market in 2023, driven by the increasing demand for convenience, energy efficiency, and connectivity features among European consumers. This preference has spurred companies to innovate and introduce new refrigerator models equipped with advanced functionalities such as touch screens, remote monitoring, energy-saving capabilities, and integration with smart home systems. Asia Pacific is poised to experience highest CAGR through 2023-2030. This growth trajectory is primarily attributed to the flourishing travel and tourism industry in the region, coupled with the presence of renowned hotel chains such as Oberoi and Four Seasons.

Major market player included in this report are:

ISM Makine Elektrik Sanayi ve Ticaret A.S.
Dometic
Felix Storch (Summit Appliance)
Minibar Systems
Indel B SpA
HISENSE
OMNITEC SYSTEMS S.L.
Royal Minibars
TEFCOLD Group
Kollatron Corporation

Recent Developments in the Market:

In September 2021, Dometic made a strategic acquisition by purchasing Igloo, a prominent company known for its passive cooling boxes and drinkware. This acquisition bolstered Dometic's distribution network, particularly in North America, enhancing its market presence and product offerings in the region.
In May 2022, Dometic advanced to the next phase of its sustainability initiative by achieving a significant milestone. All of its European plants and production facilities have successfully transitioned to operating solely on 100% renewable electricity.

Global Minibar Refrigerators Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Technology, End-use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Absorption
Thermoelectric/ Peltier
Compression

By End-use:

Transportation
Hospitality
Offices
Household
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Minibar Refrigerators Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Minibar Refrigerators Market, by Technology, 2020-2030 (USD Million)
- 1.2.3.Minibar Refrigerators Market, by End-use, 2020-2030 (USD Million)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Minibar Refrigerators Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Minibar Refrigerators Market Dynamics

3.1.Minibar Refrigerators Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Growing hospitality sector across the world
  - 3.1.1.2.Rising Travel and Tourism industry
- 3.1.2.Market Challenges
  - 3.1.2.1.High Cost of Minibar Refrigerators
  - 3.1.2.2.Energy Consumption Concerns
- 3.1.3.Market Opportunities
  - 3.1.3.1.Integration of smart technologies, such as IoT sensors for inventory management and remote monitoring
  - 3.1.3.2.Growing demand for eco-friendly and energy-efficient minibar refrigerators

Chapter 4.Global Minibar Refrigerators Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Minibar Refrigerators Market, by Technology

5.1.Market Snapshot
5.2.Global Minibar Refrigerators Market by Technology, Performance - Potential Analysis
5.3.Global Minibar Refrigerators Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
5.4.Minibar Refrigerators Market, Sub Segment Analysis
- 5.4.1. Absorption
- 5.4.2.Thermoelectric/ Peltier
- 5.4.3.Compression

Chapter 6.Global Minibar Refrigerators Market, by End-use

6.1.Market Snapshot
6.2.Global Minibar Refrigerators Market by End-use, Performance - Potential Analysis
6.3.Global Minibar Refrigerators Market Estimates & Forecasts by End-use 2020-2030 (USD Million)
6.4.Minibar Refrigerators Market, Sub Segment Analysis
- 6.4.1. Transportation
- 6.4.2. Hospitality
- 6.4.3.Offices
- 6.4.4.Household
- 6.4.5.Others

Chapter 7.Global Minibar Refrigerators Market, Regional Analysis

7.1.Top Leading Countries
7.2.Top Emerging Countries
7.3.Minibar Refrigerators Market, Regional Market Snapshot
7.4.North America Minibar Refrigerators Market
- 7.4.1.U.S. Minibar Refrigerators Market
  - 7.4.1.1.Technology breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2.End-use breakdown estimates & forecasts, 2020-2030
- 7.4.2.Canada Minibar Refrigerators Market
7.5.Europe Minibar Refrigerators Market Snapshot
- 7.5.1.U.K. Minibar Refrigerators Market
- 7.5.2.Germany Minibar Refrigerators Market
- 7.5.3.France Minibar Refrigerators Market
- 7.5.4.Spain Minibar Refrigerators Market
- 7.5.5.Italy Minibar Refrigerators Market
- 7.5.6.Rest of Europe Minibar Refrigerators Market
7.6.Asia-Pacific Minibar Refrigerators Market Snapshot
- 7.6.1.China Minibar Refrigerators Market
- 7.6.2.India Minibar Refrigerators Market
- 7.6.3.Japan Minibar Refrigerators Market
- 7.6.4.Australia Minibar Refrigerators Market
- 7.6.5.South Korea Minibar Refrigerators Market
- 7.6.6.Rest of Asia Pacific Minibar Refrigerators Market
7.7.Latin America Minibar Refrigerators Market Snapshot
- 7.7.1.Brazil Minibar Refrigerators Market
- 7.7.2.Mexico Minibar Refrigerators Market
7.8.Rest of The World Minibar Refrigerators Market

Chapter 8.Competitive Intelligence

8.1.Key Company SWOT Analysis
8.2.Top Market Strategies
8.3.Company Profiles
- 8.3.1. ISM Makine Elektrik Sanayi ve Ticaret A.S.
  - 8.3.1.1.Key Information
  - 8.3.1.2.Overview
  - 8.3.1.3.Financial (Subject to Data Availability)
  - 8.3.1.4.Product Summary
  - 8.3.1.5.Recent Developments
- 8.3.2. Dometic
- 8.3.3.Felix Storch (Summit Appliance)
- 8.3.4.Minibar Systems
- 8.3.5.Indel B SpA
- 8.3.6.HISENSE
- 8.3.7.OMNITEC SYSTEMS S.L.
- 8.3.8.Royal Minibars
- 8.3.9.TEFCOLD Group
- 8.3.10.Kollatron Corporation

Chapter 9.Research Process

9.1.Research Process
- 9.1.1.Data Mining
- 9.1.2.Analysis
- 9.1.3.Market Estimation
- 9.1.4.Validation
- 9.1.5.Publishing
9.2.Research Attributes
9.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Minibar Refrigerators Market, report scope
TABLE 2.Global Minibar Refrigerators Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3.Global Minibar Refrigerators Market estimates & forecasts by Technology 2020-2030 (USD Million)
TABLE 4.Global Minibar Refrigerators Market estimates & forecasts by End-use 2020-2030 (USD Million)
TABLE 5.Global Minibar Refrigerators Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6.Global Minibar Refrigerators Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7.Global Minibar Refrigerators Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8.Global Minibar Refrigerators Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9.Global Minibar Refrigerators Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10.Global Minibar Refrigerators Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11.Global Minibar Refrigerators Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12.Global Minibar Refrigerators Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13.Global Minibar Refrigerators Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14.Global Minibar Refrigerators Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15.U.S. Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16.U.S. Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17.U.S. Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18.Canada Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19.Canada Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20.Canada Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21.UK Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22.UK Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23.UK Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24.Germany Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25.Germany Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26.Germany Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27.France Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28.France Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29.France Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30.Italy Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31.Italy Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32.Italy Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33.Spain Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34.Spain Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35.Spain Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36.RoE Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37.RoE Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38.RoE Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39.China Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40.China Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41.China Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42.India Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43.India Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44.India Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45.Japan Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46.Japan Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47.Japan Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48.South Korea Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49.South Korea Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50.South Korea Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51.Australia Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52.Australia Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53.Australia Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54.RoAPAC Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55.RoAPAC Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56.RoAPAC Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57.Brazil Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58.Brazil Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59.Brazil Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60.Mexico Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61.Mexico Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62.Mexico Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63.RoLA Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64.RoLA Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65.RoLA Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66.Row Minibar Refrigerators Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67.Row Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68.Row Minibar Refrigerators Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69.List of secondary sources, used in the study of global Minibar Refrigerators Market
TABLE 70.List of primary sources, used in the study of global Minibar Refrigerators Market
TABLE 71.Years considered for the study
TABLE 72.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Minibar Refrigerators Market, research methodology
FIG 2.Global Minibar Refrigerators Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Minibar Refrigerators Market, key trends 2022
FIG 5.Global Minibar Refrigerators Market, growth prospects 2023-2030
FIG 6.Global Minibar Refrigerators Market, porters 5 force model
FIG 7.Global Minibar Refrigerators Market, pest analysis
FIG 8.Global Minibar Refrigerators Market, value chain analysis
FIG 9.Global Minibar Refrigerators Market by segment, 2020 & 2030 (USD Million)
FIG 10.Global Minibar Refrigerators Market by segment, 2020 & 2030 (USD Million)
FIG 11.Global Minibar Refrigerators Market by segment, 2020 & 2030 (USD Million)
FIG 12.Global Minibar Refrigerators Market by segment, 2020 & 2030 (USD Million)
FIG 13.Global Minibar Refrigerators Market by segment, 2020 & 2030 (USD Million)
FIG 14.Global Minibar Refrigerators Market, regional snapshot 2020 & 2030
FIG 15.North America Minibar Refrigerators Market 2020 & 2030 (USD Million)
FIG 16.Europe Minibar Refrigerators Market 2020 & 2030 (USD Million)
FIG 17.Asia pacific Minibar Refrigerators Market 2020 & 2030 (USD Million)
FIG 18.Latin America Minibar Refrigerators Market 2020 & 2030 (USD Million)