PUNE, India, November 16, 2016 /PRNewswire/ --
The global portable mini fridge market was valued at more than $3 billion in 2015 and is expected to reach around $4 billion by 2020. One of latest trends in the market is trend for retro and colourful designs in residential portable mini fridges. Design and colour 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. They want the appliances they use to reflect their individual style and design preferences even while travelling. Such desires are expected to shape volume growth over the forecast period owing to the fact that product offerings are becoming more individualized to cater to the various demands of consumers.
Complete report on portable mini fridge market spread across 72 pages, analysing 10 major companies and providing 53 data exhibits now available at http://www.reportsnreports.com/reports/749303-global-portable-mini-fridge-market-2016-2020.html.
This analyst forecast the global portable mini fridge market to grow at a CAGR of 4.15% during the period 2016-2020. According to the portable mini fridge market 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.
APAC will be the largest portable mini fridge market during the estimated period and will exhibit the fastest market growth rate during the next few years. Much of this region's growth can be attributed to the strong growth of the RV and marine markets in China. Additionally, factors such as the recent increase in the participation rate for sport fishing will also lead to the high demand for portable mini fridges in this region.
The global portable mini fridge market analyst says portable mini-refrigerators are also used for medical applications. They are increasingly used for the storage and transport of medicines and vaccines by diabetes clinics, medical laboratories, state and county health departments, immunization clinics, universities, centers for infectious disease, and governmental agencies.
The following companies are the key players in the global portable mini fridge market: ARB, Danby, Dometic, Engel, EdgeStar, Electrolux, Haier, Koolatron, Whirlpool, and Whynter. Other prominent vendors in the market are: 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, and XElectron. Order a copy of Global Portable Mini Fridge Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=749303.
Global Portable Mini Fridge Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
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