Dublin, Dec. 22, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Portable Mini Fridge Market 2016-2020" report to their offering.
The global portable mini fridge market to grow at a CAGR of 4.15% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global portable mini fridge market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of portable mini fridges (compressor and non-compressor based), and portable electric or battery operated coolers worldwide. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is trend for retro and colorful designs in residential portable mini fridges. Design and color have become important factors that influence consumers' purchasing decisions for appliances like portable mini fridges. Consumers today are not only concerned about the function of an appliance but also about the way it looks in terms of design and are even ready to pay a little extra for a better design.
According to the report, one of the primary drivers in the market is need for cold storage in commercial vehicles. Road truckers and cab drivers are always on the road. Many of these professionals prefer eating food packed from home or elsewhere inside their vehicles to eating out as it saves time and money. Thus, they need portable mini fridges to keep their food and beverages fresh. As long as the batteries of the vehicles work properly, portable mini fridges work well. With an increase in the number of road truckers and cab drivers on the road, the demand for portable mini fridges for commercial vehicles (trucks and cabs) is expected to increase.
Further, the report states that one major challenge in the market is lower demand for luxury cars and RVs in emerging economies. Luxury cars and RVs in which portable mini fridges are mostly used have lower demand in emerging economies like APAC and MEA owing to the premium prices of these vehicles. Unlike in developed countries like the US where overall shipments of RVs are increasing on a year-on-year basis ($10 billion RV sales in 2015), in emerging countries like India, the sales of these vehicles are low. The low penetration of luxury and RVs in the emerging regions restricts the use of portable mini fridges in the commercial segments in these regions.
Key vendors
- ARB
- Danby
- Dometic
- Engel
- EdgeStar
- Electrolux
- Haier
- Koolatron
- Whirlpool
- Whynter
Other prominent vendors
- AGA Marvel
- Avanti Products
- Coleman
- Gourmia
- Kegco
- Felix Storch
- FridgeFreeze
- Igloo
- Indel B
- LG Electronics
- Midea
- MCA Corporation
- Panasonic
- Sears Holdings Company
- Uber Appliance
- U-Line
- Vinotemp International
- XElectron
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Five forces analysis
Part 07: Segmentation by end customer segment
Part 08: Segmentation by distribution channel
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Vendor landscape
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/q3d3tm/global_portable