LONDON–(BUSINESS WIRE)–Technavio
has announced the top 10 leading vendors in their recent global
portable mini fridge market report. This research report
also lists 18 other prominent vendors that are expected to impact the
market during the forecast period.
Portable mini fridges mostly find use in recreational vehicles (RVs),
commercial and passenger vehicles, marine cruises and leisure yachts,
medical transport of blood and vaccines, and in the residential segment,
where they are used by people who plan frequent outdoor short and long
trips for camping, fishing, and other recreational activities. As the
size of the automotive industry and leisure travel for outdoor trips is
expected to increase in developed regions like North America and Europe
during the forecast period, the sales of these portable, lightweight
mini fridges are also expected to increase.
Due to the growth in the travel and tourism industry, growing social
media influence, and increased interest in adventure sports and
activities, the adventure and leisure tourism industry is growing. This
factor, along with higher visibility of portable mini fridge offerings
in various retail distribution channels and customer engagement on
camping websites and social media, is boosting the sales of portable
mini fridges.
Competitive vendor landscape
“The global portable mini fridge market is highly fragmented
and is characterized by the presence of multiple vendors competing based
on price, product portfolio, and consumer reach. However, the growth of
the market players depends on factors such as market conditions,
government support, and industry development,” says Arushi Thakur,
an industry expert in home,
kitchen, and large appliances analyst from Technavio.
Players can boost profitability by practicing efficient production
techniques that minimize product costs and distinguish their product
offerings through a clear and unique value proposition.
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Top 10 portable mini fridge market vendors
ARB
ARB is one of the leading manufacturers and distributors of small
accessories in Australia and the leader in aftermarket accessories in
the global market. The manufacturing centers of the company are capable
of performing activities such as brake pressing, CNC bending,
guillotining, machining, and turning. These manufacturing centers are
also equipped with spray painting centers, powder coating, robot, and
spot welding facilities. In the distribution front, the company’s final
products are shipped from the main warehouse in Melbourne, Australia to
100 countries in the global market.
Danby
Danby is a manufacturer of electrical appliances. The company offers air
conditioners, refrigerators, dehumidifiers, and freezers. It also
provides dishwashers, washing machines, coolers, and ice makers. The
company serves the commercial, wholesale, and retail sectors.
Dometic
Dometic is a supplier of refrigerators, awnings, cookers, sanitation
systems, lighting, mobile power equipment, air conditioners, safety and
comfort solutions, windows, doors, and other equipment to various
markets such as automotive, truck, marine, RV, motor home, and lodging.
The company also provides a wide range of workshop equipment for
maintenance and servicing of built-in air conditioning. It also offers
specially designed refrigerators to offices, hotels rooms, and wine
storage units. The company has its own production facilities and ships
its product to more than 100 countries in the global market.
Engel
It is a supplier of coolers, fridge freezer, tumblers, and adventure
gear. The company has its stores in the US, Japan, Africa, Europe, and
South America. The company offers information on its products and their
parts on its website to increase the knowledge of the products among the
consumers and engage them effectively. It also provides information
through the owner’s manual. These manuals have information related to
the installation of the devices, specifications such as model number,
input rating, outer dimensions, and capacity.
EdgeStar
EdgeStar operates in the compact appliance industry, developing compact
and portable appliances. The products offered by this vendor are mostly
focused on innovative utilization of small spaces with quality. The
company has product offerings in categories such as appliances, home air
quality, wine and beverage, outdoor appliances, and parts.
Electrolux
Electrolux designs and manufactures home appliances like refrigerators,
washing machines, dishwashers, vacuum cleaners, cookers, air
conditioners, and small domestic appliances under the Frigidaire,
Electrolux, AEG, Zanussi, and Electrolux Grand Cuisine brands.
Haier
Haier, along with its subsidiaries, engages in manufacturing and selling
of home appliances that include refrigerators, freezers, washers, TV
sets, and consumer electric appliances, and integrated kitchenware. It
serves customers in China and across the globe. As of December 2015, the
company had more than 63,000 employees.
Koolatron
Koolatron offers refrigeration and thermoelectric products in the global
market. The company is widely recognized for its flagship product line
of made-in-Canada 12 volt cooler/warmers and accessories. The company is
a leading provider in the North American market and offers its products
in more than 100 countries.
Whirlpool
Whirlpool manufactures and markets home appliances and related products.
Its products include dishwashers, laundry appliances, cooking
appliances, hermetic compressors, refrigerators and freezers, mixers,
and other portable household appliances. The company sells products
under the brand names of KitchenAid, Bauknecht, Maytag, Whirlpool,
Brastemp, Jenn-Air, Amana, and Consul.
Whynter
Whynter is a manufacturing company. It deals with various categories of
products such as air comfort, lifestyle, outdoor, and refrigeration. The
company actively invests its resources in engaging customers through its
marketing initiatives. The company participates in exhibitions and trade
shows such as the International Home + Housewares Show in the US to
display its products in the market and increase its brand awareness
among the customers. The company has built its presence in the online
space through YouTube, Facebook, Instagram, Houzz, and Twitter to
showcase its product offerings online.
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