Minibar Refrigerators Market is expected to grow with a CAGR of 3.10% from 2023 to 2030.
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In a hotel room or cruise ship stateroom, a minibar is a tiny refrigerator, usually an absorption refrigerator. The hotel staff stocks it with refreshments and snacks that guests can buy while they are there. It has a pricing list and is loaded with an exact inventory of the items.
This report describes the global market size of Minibar Refrigerators Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 3.10% from 2023 to 2030.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Minibar Refrigerators Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 3.10% during the forecast period 2023-2030. North American market for Minibar Refrigerators Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Minibar Refrigerators Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
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By Technology
Absorption
Thermoelectric/ Peltier
Compression
In 2022, the market share of the absorption technology-based minibar refrigerators was 55.66%. The mix of elements that emphasise energy efficiency, quiet operation, and technical progress might be blamed for this. Due to its distinct advantages, absorption technology, which uses a heat-driven process rather than a conventional compressor-based system to chill the refrigerator, has become quite popular. The increasing global focus on sustainability and energy reduction is a major motivator. Absorption technology uses less electricity, which makes it a desirable option for environmentally conscious customers and companies looking to lower their carbon footprint and energy expenditures.
By End-use
Transportation
Marines
Cruise Ships
Campervans/RVs
Others Light Duty Vehicles
Medium Duty Vehicles
Heavy Duty Vehicles
Jets
Hospitality
Offices
Household
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Others
In 2022, the hotel sector had the highest market share at 69.24%. The increased importance placed on creating personalised and immersive guest experiences in the hospitality industry is one of the main factors driving the demand for minibar refrigerators. Today's travellers want more from their trips than just a place to sleep; they want memorable encounters that are all their own. Recognising this trend, lodging companies are using minibar refrigerators as a strategy to raise visitor happiness. Hotels may give visitors a flavour of the local culture by stocking minibars with a carefully curated assortment of locally produced drinks and food, making for a more genuine and memorable stay.
By Company
Indel B SpA
OMNITEC SYSTEMS S.L.
Royal Minibars
TEFCOLD Group
Kollatron Corporation
Bartech
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