NEW YORK, June 2, 2023 /PRNewswire/ -- The global portable mini fridge market size is estimated to grow by USD 1,417.8 million between 2022 to 2027. The market is projected to grow at a CAGR of 5.45%. The growing demand for portable and compact refrigeration solutions is notably driving the portable mini fridge market growth. This demand growth for compact devices can be attributed to the increasing emergence of single-person households and shrinking living spaces. Mini refrigerators are ideal for use in tight spaces, during outdoor activities, and while traveling due to their compact size. Besides, they are energy efficient and affordable. These factors make portal mini-fridges ideal for those living in small apartments or dorms, seeking to reduce electricity bills, or looking for a portable cooling solution to keep their food and drinks cold on the go. Hence, the increasing demand for compact and portable refrigeration is expected to boost the growth of the market during the forecast period. Discover some insights on market size during the historic period (2017 to 2021) and forecast period (2023-2027) before buying the full report - Request a sample report.

Portable mini fridge market – Customer landscape

Our report analyzes the lifecycle of the global portable mini fridge market from the innovator's stage to the laggard's stage, focusing on the adoption rates of major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies for 2023-2027, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity 
• To unlock the detailed information on the customer landscape - request a sample now!

Portable mini fridge market – Vendor analysis
Vendor landscape - The global portable mini fridge market is fragmented, with the presence of several global and regional vendors. Some of the prominent vendors that offer a portable mini fridge in the market are AB Electrolux, ARB Corp. Ltd., Danby, Felix Storch Inc., Ferguson plc, FridgeFreeze Inc., Godrej and Boyce Manufacturing Co. Ltd., Gourmia Inc., Haier Smart Home Co. Ltd., Indel B S.p.a., Koolatron, LG Corp., Marvel Refrigeration, Panasonic Holdings Corp., Sawafuji Electric Co. Ltd., Stanley Black and Decker Inc., The Legacy Co., Uber Appliance, Whirlpool Corp., and Whynter LLC, among others.

The global portable mini fridge market is fragmented due to the presence of many players in the market. Players are competing on various factors, including product features, price, quality, brand image, and distribution channels. They are investing in R&D to introduce new and innovative products integrated with advanced features, including Wi-Fi connectivity, temperature control, and energy efficiency. They are also forming strategic partnerships to leverage partner strengths and capabilities with the aim of expanding their product portfolios and reaching new customers. Hence, the global portable mini fridge market will stay competitive during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor offerings –

• AB Electrolux - The company offers a portable mini fridge called Electrolux 47 L Direct Cool Single Door Refrigerator.
• ARB Corp. Ltd. - The company offers portable mini fridge such as Elements, Zero, and Classic SII.
• Danby - The company offers portable mini fridge such as Danby 1.0 cu. ft. Compact Refrigerator and Danby 1.6 cu. ft. Compact Refrigerator.
• For details on vendors and their offerings – Request a sample report

Portable mini fridge market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (commercial customers and residential customers), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

The commercial customers segment is expected to witness significant market share growth during the forecast period. The commercial customers segment refers to companies that require portable mini refrigerators for commercial use. This segment covers a wide range of end users, including hotels, restaurants, cafes, offices, hospitals, and grocery stores, among other commercial establishments. Commercial customers need portable mini refrigerators for storing beverages and food as well as medical supplies and vaccines, displaying products, and providing customers with easy access to refrigerated products. Portable mini refrigerators are ideal for commercial customers as they take up less space, are easy to carry, and are energy efficient.

Geography overview
The global portable mini fridge market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global portable mini fridge market.

North America is estimated to contribute 34% to the growth of the global portable mini fridge market during the forecast period. The region accounts for the largest share of the global market and is expected to witness growth during the projection period. This growth can be attributed to the increasing acceptance of outdoor leisure activities by millennials across the region and the strong presence of the hospitality industry, including hotels. In 2020, the growth of the market was adversely affected by the outbreak of COVID-19. The pandemic disrupted global supply chains and adversely affected the production and supply of portable mini refrigerators. Additionally, retail store closures due to lockdown measures negatively impacted the sales of portable mini fridges. However, the start of a large-scale vaccination campaign restarted business and industrial activities, including the production of mini fridges and the resumption of the leisure and hospitality sectors. This led to an increase in demand for mini portable refrigerators. Moreover, the increasing demand for solar-powered portable mini refrigerators and the growing e-commerce platforms are expected to fuel the growth of the market in the region during the forecast period.  

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

Portable mini fridge market – Market dynamics

Key trends - The increasing popularity of solar-powered portable mini fridges is a key trend in the portable mini fridge market growth. The growth in preference for these products can be attributed to the growing demand for sustainable and eco-friendly devices. These devices work without electricity, making them an ideal option for outdoor activities and off-grid living. They are a greener option compared to traditional mini fridges due to their higher energy efficiency and lower greenhouse gas emissions. Besides, they are more cost-effective in the long run due to the eliminated utility bills. To cater to the increasing demand for solar-powered portable mini fridges, many new companies, specialized in sustainable and eco-friendly devices, are emerging. These factors are expected to boost the growth of the market during the forecast period, and companies with sustainable and energy-efficient offerings will benefit from this trend.

Major challenges - The limited storage capacity of a portable mini fridge is posing a challenge for the portable mini fridge market growth. Portable mini fridges are a compact and convenient solution for keeping food and drink cold on the go. However, one of the major issues is their limited storage capacity, which can lead to consumer dissatisfaction among customers seeking more storage capacity. This could lead to lower demand and slower market growth. Besides, price sensitivity is another issue that can arise with limited storage capacity. Consumers may not be willing to pay higher prices for portable mini fridges with limited storage capacity, especially if they can obtain larger refrigerators for similar prices. Hence, this challenge is expected to significantly restrain the growth of the market during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! 

What are the key data covered in this portable mini fridge market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the portable mini fridge market between 2023 and 2027
• Precise estimation of the size of the portable mini fridge market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the portable mini fridge market across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of portable mini fridge market vendors

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Table of contents –

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global portable mini fridge market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global portable mini fridge market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial customers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Commercial customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial customers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial customers - Year-over-year growth 2022-2027 (%)

• 6.4 Residential customers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Residential customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Residential customers - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Residential customers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Residential customers - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 56: Market opportunity by Distribution Channel ($ million)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 France - Market size and forecast 2022-2027 
• Exhibit 87: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AB Electrolux
• Exhibit 111: AB Electrolux - Overview
• Exhibit 112: AB Electrolux - Business segments
• Exhibit 113: AB Electrolux - Key news
• Exhibit 114: AB Electrolux - Key offerings
• Exhibit 115: AB Electrolux - Segment focus

• 12.4 ARB Corp. Ltd.
• Exhibit 116: ARB Corp. Ltd. - Overview
• Exhibit 117: ARB Corp. Ltd. - Product / Service
• Exhibit 118: ARB Corp. Ltd. - Key offerings

• 12.5 Danby
• Exhibit 119: Danby - Overview
• Exhibit 120: Danby - Product / Service
• Exhibit 121: Danby - Key offerings

• 12.6 Ferguson plc
• Exhibit 122: Ferguson plc - Overview
• Exhibit 123: Ferguson plc - Business segments
• Exhibit 124: Ferguson plc - Key offerings
• Exhibit 125: Ferguson plc - Segment focus

• 12.7 Godrej and Boyce Manufacturing Co. Ltd. 
• Exhibit 126: Godrej and Boyce Manufacturing Co. Ltd. - Overview
• Exhibit 127: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
• Exhibit 128: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
• Exhibit 129: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus

• 12.8 Haier Smart Home Co. Ltd. 
• Exhibit 130: Haier Smart Home Co. Ltd. - Overview
• Exhibit 131: Haier Smart Home Co. Ltd. - Business segments
• Exhibit 132: Haier Smart Home Co. Ltd. - Key offerings
• Exhibit 133: Haier Smart Home Co. Ltd. - Segment focus

• 12.9 Koolatron
• Exhibit 134: Koolatron - Overview
• Exhibit 135: Koolatron - Product / Service
• Exhibit 136: Koolatron - Key offerings

• 12.10 LG Corp.
• Exhibit 137: LG Corp. - Overview
• Exhibit 138: LG Corp. - Business segments
• Exhibit 139: LG Corp. - Key offerings
• Exhibit 140: LG Corp. - Segment focus

• 12.11 Marvel Refrigeration
• Exhibit 141: Marvel Refrigeration - Overview
• Exhibit 142: Marvel Refrigeration - Product / Service
• Exhibit 143: Marvel Refrigeration - Key offerings

• 12.12 Panasonic Holdings Corp. 
• Exhibit 144: Panasonic Holdings Corp. - Overview
• Exhibit 145: Panasonic Holdings Corp. - Business segments
• Exhibit 146: Panasonic Holdings Corp. - Key news
• Exhibit 147: Panasonic Holdings Corp. - Key offerings
• Exhibit 148: Panasonic Holdings Corp. - Segment focus

• 12.13 Sawafuji Electric Co. Ltd. 
• Exhibit 149: Sawafuji Electric Co. Ltd. - Overview
• Exhibit 150: Sawafuji Electric Co. Ltd. - Product / Service
• Exhibit 151: Sawafuji Electric Co. Ltd. - Key offerings

• 12.14 Stanley Black and Decker Inc. 
• Exhibit 152: Stanley Black and Decker Inc. - Overview
• Exhibit 153: Stanley Black and Decker Inc. - Business segments
• Exhibit 154: Stanley Black and Decker Inc. - Key news
• Exhibit 155: Stanley Black and Decker Inc. - Key offerings
• Exhibit 156: Stanley Black and Decker Inc. - Segment focus

• 12.15 The Legacy Co.
• Exhibit 157: The Legacy Co. - Overview
• Exhibit 158: The Legacy Co. - Product / Service
• Exhibit 159: The Legacy Co. - Key offerings

• 12.16 Whirlpool Corp.
• Exhibit 160: Whirlpool Corp. - Overview
• Exhibit 161: Whirlpool Corp. - Business segments
• Exhibit 162: Whirlpool Corp. - Key offerings
• Exhibit 163: Whirlpool Corp. - Segment focus

• 12.17 Whynter LLC
• Exhibit 164: Whynter LLC - Overview
• Exhibit 165: Whynter LLC - Product / Service
• Exhibit 166: Whynter LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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