Latin America Minibar Refrigerators Market Size & Outlook
Latin America minibar refrigerators market, 2017-2030 (US$M)
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Latin America minibar refrigerators market highlights
- The Latin America minibar refrigerators market generated a revenue of USD 22.7 million in 2022.
- The market is expected to grow at a CAGR of 2.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 22.7 million |
| Market revenue in 2030 | USD 28.3 million |
| Growth rate | 2.8% (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 |
| 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, Latin America region accounted for 6.7% of the global minibar refrigerators market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 116.5 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 55.07% in 2022. Horizon Databook has segmented the Latin America minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
Tourism is a significant driver of the demand for minibar refrigerators in Central & South America, as many countries in the region are popular tourist destinations. Hotels and resorts in tourist-heavy areas tend to provide minibar refrigerators in their rooms to cater to the needs and preferences of international and domestic travelers.
The demand for minibars has been on the rise across various commercial settings, including sea cruises, resorts, hotels, and other hospitality establishments in Central and South America. For hotels, resorts, and cruise ships, minibars represent a revenue generating opportunity.
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Our clientele includes a mix of minibar refrigerators market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America minibar refrigerators market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America minibar refrigerators market size, by country, 2017-2030 (US$M)
Latin America Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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