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PUBLISHER: Grand View Research | PRODUCT CODE: 1363384
PUBLISHER: Grand View Research | PRODUCT CODE: 1363384
Minibar Refrigerators Market Size, Share & Trends Analysis Report By Technology (Absorption, Thermoelectric/ Peltier, Compression), By End-use (Transportation, Hospitality, Offices, Household), By Region, And Segment Forecasts, 2023 - 2030
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Minibar Refrigerators Market Growth & Trends:
The global minibar refrigerators market size is expected to reach USD 432.36 million by 2030, registering a CAGR of 3.1% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growing hospitality industry is a significant driver for the minibar refrigerator market growth. As tourism and travel continue to flourish globally, hotels and accommodations are striving to enhance guest experiences. Minibar refrigerators offer a convenient and efficient way for hotels to provide in-room refreshments and snacks, which can significantly contribute to guest satisfaction and revenue generation. The desire to offer more personalized services to guests has led to the adoption of minibar refrigerators in many hotels, driving the demand for these appliances.
Changing consumer lifestyles and preferences have substantially impacted the market. People increasingly seek convenience, and minibar refrigerators offer a compact and easily accessible solution for storing beverages and snacks. Whether it's in a hotel room or a home office, individuals appreciate the convenience of having cold drinks and snacks readily available. This trend towards convenience is boosting sales of minibar refrigerators for personal use.
Consumers are increasingly adopting minibar refrigerators for a variety of reasons. They are perfect for small spaces, such as apartments, dorm rooms, and RVs. They are also more energy-efficient than traditional refrigerators, which can save consumers money on their energy bills. These fridges are also portable, making them easy to take on road trips, camping trips, or even to the office. In addition, consumers can customize minibar refrigerators to their specific needs, such as adding an ice maker or adjustable shelves.
Technological advancements also play a role in driving the growth of the minibar refrigerator market. Modern minibar refrigerators have features such as energy-efficient cooling systems, digital temperature control, and even smart connectivity options. These features improve the user experience and cater to the growing demand for sustainable and energy-efficient appliances, making minibar refrigerators an attractive choice for consumers and businesses.
Dometic Group AB's HiPro series includes a set of premium minibars that are energy-saving and do not contain chromate, a commonly used corrosion inhibitor for absorption minibars that was recently flagged by the EU. The Dometic HiPro minibar refrigerators are engineered to chill drinks rapidly without over-cooling. The transparent door racks can fit 1.5L bottles, and the adjustable and removable shelves can fit various products.
Minibar Refrigerators Market Report Highlights:
- Based on technology, the absorption technology held a market share of 55.86% in 2022. The virtually noiseless operation of absorption minibar refrigerators is another compelling factor driving the growth. These refrigerators are well-suited for hotels, offices, and residential settings where noise disruption is undesirable, providing occupants with a peaceful and comfortable environment
- Based on end-use, the transportation end-use is expected to grow at a CAGR of 3.7% from 2023 to 2030. Technological innovation is the driving force behind the growth of minibar refrigerators in transportation. The integration of smart and connected features, such as IoT-enabled monitoring and control systems, enhances the functionality of minibar refrigerators.Consumers can remotely manage the contents and temperature of the minibar through their smartphones, while transportation companies can collect valuable data for better inventory management and customer insights
- Asia Pacific dominated the market with a share of 30.46% in 2022. The minibar market in the Asia Pacific region is projected to experience significant growth due to the flourishing travel and tourism industry and the presence of well-known hotel chains such as Oberoi and Four Seasons. The growth in the travel and tourism industry typically leads to increased demand for hospitality services, including hotels and accommodations
Product Code: GVR-4-68040-130-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
Chapter 3. Minibar Refrigerators Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Adoption
- 4.4. Key Observations & Findings
Chapter 5. Minibar Refrigerators Market: Technology Estimates & Trend Analysis
- 5.1. Technology Movement Analysis & Market Share, 2022 & 2030
- 5.2. Absorption
- 5.2.1. Absorption market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Thermoelectric/Peltier
- 5.3.1. Thermoelectric/Peltier market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Compression
- 5.4.1. Compression market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Minibar Refrigerators Market: End-use Range Estimates & Trend Analysis
- 6.1. End-use Movement Analysis & Market Share, 2022 & 2030
- 6.2. Transportation
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.1.1. Marines
- 6.2.1.1.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.1.2. Cruise Ships
- 6.2.1.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.1.3. Campervans/RVs
- 6.2.1.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.1.4. Others
- 6.2.1.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Hospitality
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4. Offices
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5. Household
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Minibar Refrigerators Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.3.4. UK
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
- 7.6.5. Turkey
- 7.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2022 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section includes:
- 8.9.1. ISM Makine Elektrik Sanayi ve Ticaret A.S.
- 8.9.2. Dometic
- 8.9.3. Felix Storch (Summit Appliance)
- 8.9.4. Minibar Systems
- 8.9.5. Indel B SpA
- 8.9.6. HISENSE
- 8.9.7. OMNITEC SYSTEMS S.L.
- 8.9.8. Royal Minibars
- 8.9.9. TEFCOLD Group
- 8.9.10. Kollatron Corporation
- 8.9.11. Bartech
Product Code: GVR-4-68040-130-5
List of Tables
- Table 1 Minibar refrigerators market estimates & forecast, by technology (USD Million)
- Table 2 Minibar Refrigerators market estimates & forecast, by end-use (USD Million)
- Table 3 U.S. macro-economic outlay
- Table 4 Canada macro-economic outlay
- Table 5 UK macro-economic outlay
- Table 6 Germany macro-economic outlay
- Table 7 France macro-economic outlay
- Table 8 China macro-economic outlay
- Table 9 India macro-economic outlay
- Table 10 Japan macro-economic outlay
- Table 11 Brazil macro-economic outlay
- Table 12 South Africa macro-economic outlay
- Table 13 Turkey macro-economic outlay
- Table 14 Recent Developments & Impact Analysis, By Key Market Participants
- Table 15 Company Market Share, 2022 (Value % Share)
- Table 16 Company Heat Map Analysis
- Table 17 Companies undergoing product innovations
- Table 18 Companies undergoing mergers and acquisitions
List of Figures
- Fig. 1 Minibar refrigerators market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Technology snapshot
- Fig. 8 End-use snapshot
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Global refrigerator and freezer market value, 2022 (USD Million)
- Fig. 11 Minibar refrigerators market- Industry value chain analysis
- Fig. 12 Minibar refrigerators market profit margin analysis
- Fig. 13 Minibar refrigerators market dynamics
- Fig. 14 Minibar refrigerators market: Porter's five force analysis
- Fig. 15 Factors affecting buying decisions for minibar refrigerators
- Fig. 16 Minibar refrigerators market, by technology: Key takeaways
- Fig. 17 Minibar refrigerators market, by technology: Market share, 2022 & 2030
- Fig. 18 Minibar refrigerators market estimates & forecasts, by absorption, 2017 - 2030 (USD Million)
- Fig. 19 Minibar refrigerators market estimates & forecasts, by thermoelectric/Peltier, 2017 - 2030 (USD Million)
- Fig. 20 Minibar refrigerators market estimates & forecasts, by compression, 2017 - 2030 (USD Million)
- Fig. 21 Minibar Refrigerators market, by end-use: Key takeaways
- Fig. 22 Minibar Refrigerators Market, by End Use: Market share, 2022 & 2030
- Fig. 23 Minibar refrigerators market estimates & forecasts, by transportation, 2017 - 2030 (USD Million)
- Fig. 24 Minibar refrigerators market estimates & forecasts, by marines, 2017 - 2030 (USD Million)
- Fig. 25 Minibar refrigerators market estimates & forecasts, by cruise ships, 2017 - 2030 (USD Million)
- Fig. 26 Upcoming cruise ships (2023-2024)
- Fig. 27 Cruise lines with mini bars, 2023
- Fig. 28 Minibar refrigerators market estimates & forecasts, by campervans/RVs, 2017 - 2030 (USD Million)
- Fig. 29 Minibar refrigerators market estimates & forecasts, by others, 2017 - 2030 (USD Million)
- Fig. 30 Minibar refrigerators market estimates & forecasts, by hospitality, 2017 - 2030 (USD Million)
- Fig. 31 Minibar refrigerators market estimates & forecasts, by offices, 2017 - 2030 (USD Million)
- Fig. 32 Minibar refrigerators market estimates & forecasts, by household, 2017 - 2030 (USD Million)
- Fig. 33 Minibar refrigerators market estimates & forecasts, by others, 2017 - 2030 (USD Million)
- Fig. 34 Minibar Refrigerators market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 35 Regional marketplace: Key takeaways
- Fig. 36 Regional marketplace: Key takeaways
- Fig. 37 North America minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 38 U.S. minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 39 Canada minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 40 Europe minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 41 UK minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 42 Germany minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 43 France minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 44 Asia Pacific minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 45 China minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 46 India minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 47 Japan minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 48 Central & South America minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 49 Brazil minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 50 Middle East & Africa minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 51 South Africa minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
- Fig. 52 Turkey minibar refrigerators market estimates & forecast, 2017 - 2030 (USD Million)
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