South Africa Minibar Refrigerators Market Size & Outlook

The minibar refrigerators market in South Africa is expected to reach a projected revenue of US$ 3.6 million by 2030. A compound annual growth rate of 2.7% is expected of South Africa minibar refrigerators market from 2023 to 2030.
Revenue, 2022 (US$M)
$2.9
Forecast, 2030 (US$M)
$3.6
CAGR, 2023 - 2030
2.7%
Report Coverage
South Africa

South Africa minibar refrigerators market highlights

  • The South Africa minibar refrigerators market generated a revenue of USD 2.9 million in 2022 and is expected to reach USD 3.6 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 2.7% 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 2022USD 2.9 million
Market revenue in 2030USD 3.6 million
Growth rate2.7% (CAGR from 2022 to 2030)
Largest segmentAbsorption
Fastest growing segmentThermoelectric/ Peltier
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAbsorption, Thermoelectric/ Peltier, Compression
Key market players worldwideDometic 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, South Africa accounted for 0.9% 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 Middle East & Africa, Turkey minibar refrigerators market is projected to lead the regional market in terms of revenue in 2030.
  • Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.6 million by 2030.

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Minibar Refrigerators Market Companies

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South Africa 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 55.17% in 2022. Horizon Databook has segmented the South Africa minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.


The popularity of minibar fridges in South Africa could be influenced by the country's vibrant tourism industry. Tourists often expect minibar amenities in hotels and accommodations, which can drive the demand for minibar fridges.

The country's diverse climate, which ranges from coastal regions to inland areas, implies that the guests have varying preferences for staying indoors during certain times.

Minibars provide a convenient way for guests to enjoy a drink or snack while staying cool or warm inside their rooms. Tourists and corporate travelers often seek convenient amenities that enhance their stay. Minibars offer a quick and easy solution for guests to enjoy refreshments without leaving their rooms, catering to various types of travelers.

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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa minibar refrigerators market , including forecasts for subscribers. This country databook contains high-level insights into South Africa minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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South Africa minibar refrigerators market size, by technology, 2017-2030 (US$M)

South Africa Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)

South Africa minibar refrigerators market size, by technology, 2017-2030 (US$M)

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