Mini Refrigerator Market

2019 Analysis and Review Mini Refrigerator Market by Sales Channel - Wholesalers/Distributors, Hypermarkets/Supermarkets, Multi-Brand Stores, Exclusive Stores, Independent Small Stores, Online Retailers, Other Sales Channels for 2019 2029

Global Mini Refrigerator Market to Reach ~US$ 1,845.0 Mn by 2029

The global mini refrigerator market is projected to reach ~US$ 1,845.0 Mn by the end of 2029. The market was valued at ~US$ 1,042.8 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of ~5.9% between 2019 and 2029. Regionally, East Asia is expected dominate the mini refrigerator market.

However, during the forecast period, East Asia will also exhibit more lucrative growth opportunities. In terms of product type, the mini refrigerator market can be classified into single door refrigerator and double door refrigerator. The single door refrigerator segment holds the major market share as compared to double door refrigerator.

Double Door Refrigerator Segment to Present Lucrative Market Opportunities

The global mini refrigerator market is primarily dominated by single door category as it has less power consumption as compared to double door refrigerator. The single door segment holds the largest market share as compared to double door attributed to the fact that single door occupies less amount of space as well as it is reasonable in price compared to double door refrigerator.

However, the double door refrigerator segment is expected to expand at highest CAGR over the forecast period due to increasing demand for high capacity refrigerator to cool the food and keep it healthy.

Additionally, companies in the market are continuously investing in research and development activities to introduce novel product with high energy star rating and compact design refrigerator for those consumers who have a limited space in kitchen will fuel the global mini refrigerator market for further sales during the forecast.

By Product Type

  • Single Door Refrigerator
  • Double Door Refrigerator

By Capacity

  • Less than 1 cu. Ft.
  • 1-1.9 cu. Ft.
  • 2-2.9 cu. Ft.
  • 3-3.9 cu. Ft.
  • 4-5 cu. Ft.

By End-User

  • Commercial
  • Residential

By Price Range

  • Economy
  • Mid-Range
  • Premium

By Sales Channel

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Exclusive Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channels

 

How will Growth Unfold?

Mini refrigerator market is primarily dominated by East Asia owing to continuously increasing outdoor activities such as recreational activities, adventure sports, and others lead to rise in demand for compact size refrigerators in the region. Key companies in the mini refrigerator market are continuously seeking for certifications to compete in the market along with entering online platform to expand product availability and customer base.

The East Asia market holds major value share in the global footprint followed by South Asia due to high adoption of mini refrigerator in commercial places such as hotels, hospitals, clinics, laboratories, and other institutes. Developing regions such as South Asia is also expanding at significant CAGR. East Asia is anticipated to grow at highest CAGR during the forecast owing to growing trend nuclear families and expanding demand of mini refrigerators for residential purpose.

Moreover, companies are also developing low maintenance kitchen appliances due to rapid technological advancement, frequent upgrades, and new product introduction in the market will also boost the mini refrigerator market to a new height. Online retailers are expected to grow with highest CAGR during the forecast and will contribute a significant revenue share to the global mini refrigerator market. 

Market Segmentation

The global mini refrigerator market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Single Door Refrigerator
Double Door Refrigerator

Capacity

  • Less than 1 cu. Ft.
  • 1-1.9 cu. Ft.
  • 2-2.9 cu. Ft.
  • 3-3.9 cu. Ft.
  • 4-5 cu. Ft.

End-User

  • Commercial
  • Residential

Price Range

  • Economy
  • Mid-Range
  • Premium

Sales Channel

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Exclusive Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channels

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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