Portable Mini Fridge Market by Type (Less Than 1 cu. ft., 1 - 1.9 cu. ft., 2 - 2.9 cu. ft., 3 - 3.9 cu. ft., and 4 - 5 cu. ft.) and Application (Commercial Use and Home Use): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
The popularity of outings and adventure sports has increased over the years and these activities often require portable cooling solution to keep food items fresh for extended period. This has led to rise in adoption of portable mini fridge all around the world. Moreover, increasing demand from commercial vehicle drivers to cool food items during their long travels has positively impacted the growth of portable mini fridge
Shankar Bhandalkar
• The global portable mini fridge market size is estimated to reach $1,748.9 million in 2025.
• The global portable mini fridge market growing at a CAGR of 5.0% during the forecast period.
• The 45 cu. ft. segment dominated the global portable mini fridge market in 2017 and is expected to maintain the dominance throughout the forecast period.
The 45 cu. ft. segment was the highest contributor to the portable mini fridge market in terms of value in 2018 and is expected to grow at a CAGR of 5.1%, from 2018 to 2025.
The commercial use segment was the highest contributor to the portable mini fridge market in terms of value in 2017, and is estimated to grow at a CAGR of 4.7% from 2018 to 2025.
The 22.9 cu. ft. portable mini fridge segment is expected to grow at the highest CAGR of 5.4% from 2018 to 2025.
• Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
• In 2017, Asia-Pacific is expected to remain dominant and grow at the highest CAGR in the portable mini fridge market followed by Europe.
• In terms of value, Asia-Pacific and LAMEA collectively contributed around half of the global market share in the portable mini fridge market in 2017.
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