Brazil Minibar Refrigerators Market Size & Outlook
Brazil minibar refrigerators market, 2017-2030 (US$M)
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Brazil minibar refrigerators market highlights
- The Brazil minibar refrigerators market generated a revenue of USD 5.9 million in 2022 and is expected to reach USD 7.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, absorption was the largest revenue generating technology in 2022.
- Thermoelectric/ Peltier is the most lucrative technology segment registering the fastest growth during the forecast period.
Minibar refrigerators market data book summary
| Market revenue in 2022 | USD 5.9 million |
| Market revenue in 2030 | USD 7.7 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Absorption |
| Fastest growing segment | Thermoelectric/ Peltier |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Absorption, Thermoelectric/ Peltier, Compression |
| Key market players worldwide | Dometic Group AB, Indel B, Felix Storch, Minibar Systems, Hisense Home Appliances Group Co Ltd Class H, TEFCOLD, Koolatron, Bartech Systems International |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global minibar refrigerators market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil minibar refrigerators market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 7.7 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 55.93% in 2022. Horizon Databook has segmented the Brazil minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
The luxury hotel sector in Brazil has been experiencing a notable boost in recent times. This trend is driven by various factors, including the country's natural beauty, cultural richness, and the increasing demand from affluent travelers seeking unique and high-end experiences. The rise in high-net-worth individuals and affluent travelers worldwide has led to an increased demand for luxury accommodations.
Luxury hotels are taking advantage of the demand for enhanced in-room experiences by introducing a variety of innovative amenities, including mini bar fridges and freezers. The statistics from the Brazilian Association of Luxury Holidays (BLTA) in May 2022 showed a 20% increase in all highend luxury hotels in Brazil, reflecting a significant increase in high-end tourism.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil minibar refrigerators market , including forecasts for subscribers. This country databook contains high-level insights into Brazil minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil minibar refrigerators market size, by technology, 2017-2030 (US$M)
Brazil Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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