North America Minibar Refrigerators Market Size & Outlook
North America minibar refrigerators market, 2017-2030 (US$M)
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North America minibar refrigerators market highlights
- The North America minibar refrigerators market generated a revenue of USD 88.9 million in 2022.
- The market is expected to grow at a CAGR of 3.2% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 88.9 million |
| Market revenue in 2030 | USD 114.2 million |
| Growth rate | 3.2% (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, North America region accounted for 26.3% 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 |
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North 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 56.36% in 2022. Horizon Databook has segmented the North America minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
These small refrigerators offer convenience to travelers by allowing them to store and chill beverages, snacks, and small food items in their cabins or vehicles.
Minibar refrigerators are often found in cabins or suites of cruise ships. Passengers can use these refrigerators to store items they might want to access without having to go to public dining areas.
Also, boating events across the region provide a valuable platform for companies in the marine industry to showcase their products and innovations to boating enthusiasts, professionals, and the general public.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America minibar refrigerators market , including forecasts for subscribers. This continent databook contains high-level insights into North America minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America minibar refrigerators market size, by country, 2017-2030 (US$M)
North America Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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