Global Minibar Refrigerators Market Size & Outlook
Global minibar refrigerators market, 2017-2030 (US$M)
Related Markets
Global minibar refrigerators market highlights
- The global minibar refrigerators market generated a revenue of USD 337.8 million in 2022 and is expected to reach USD 432.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.1% by 2030.
- In terms of segment, absorption accounted for a revenue of USD 188.7 million in 2022.
- Thermoelectric/ Peltier is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 337.8 million |
| Market revenue in 2030 | USD 432.4 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Absorption |
| Fastest growing segment | Thermoelectric/ Peltier |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Absorption, Thermoelectric/ Peltier, Compression |
Other key industry trends
- In terms of revenue, the North America accounted for 26.3% of the global minibar refrigerators market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 11.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global minibar refrigerators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to minibar refrigerators market will help companies and investors design strategic landscapes.
Absorption was the largest segment with a revenue share of 55.86% in 2022. Horizon Databook has segmented the Global minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
Over the past few years, the demand for infant formula has been increasing steadily all over the world. A large number of lactating mothers, especially working women in single-parent houses, are opting for infant formula for their babies as a replacement for breast milk.
The rising number of women in the workforce, hectic work schedules, and lack of workplace support for breastfeeding are making it difficult for new mothers to breastfeed their babies. A growing number of mothers who are either unable to breastfeed or choose not to is also driving the demand for infant formula, and consequently, for baby feeding bottles.
Reasons to subscribe to Global minibar refrigerators market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global minibar refrigerators market databook
-
Our clientele includes a mix of minibar refrigerators market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global minibar refrigerators market , including forecasts for subscribers. This global databook contains high-level insights into Global minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global minibar refrigerators market size, by regions, 2017-2030 (US$M)
Top 10 countries: Minibar refrigerators market size, 2022 (US$M)
Global minibar refrigerators market share, by technology, 2022 & 2030 (%, US$M)
Minibar refrigerators market: Opportunity assessment by country
Global minibar refrigerators market, by region, 2022 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
