U.S. Minibar Refrigerators Market Size & Outlook
U.S. minibar refrigerators market, 2017-2030 (US$M)
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U.S. minibar refrigerators market highlights
- The U.S. minibar refrigerators market generated a revenue of USD 75.0 million in 2022 and is expected to reach USD 96.8 million by 2030.
- The U.S. 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.
Minibar refrigerators market data book summary
| Market revenue in 2022 | USD 75.0 million |
| Market revenue in 2030 | USD 96.8 million |
| Growth rate | 3.2% (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, U.S. accounted for 22.2% 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 North America, U.S. minibar refrigerators market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 96.8 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 56.4% in 2022. Horizon Databook has segmented the U.S. minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
The trend of gatherings and house parties among U.S. households has led to a need for extra space to store beverages and frozen snacks while dining across the outdoors, such as backyards, terraces, and gardens.
The homeowners’ increased preferences towards dedicated cold storage facilities for an uninterrupted supply of drinks and appetizers for such occasions have fostered the minibar fridges adoption across residential settings.
Moreover, the increased participation of millennials in outdoor recreational activities and the strong presence of the hospitality sector, particularly hotels, are indeed expected to play a significant role in driving the market for portable mini fridges in the U.S. Many hotels in the country now offer amenities that align with the desire for a personalized and comfortable stay.
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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 country-level data and insights on the U.S. minibar refrigerators market , including forecasts for subscribers. This country databook contains high-level insights into U.S. minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. minibar refrigerators market size, by technology, 2017-2030 (US$M)
U.S. Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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