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Minibar Refrigerators Market Share

Report ID: GMI6889
Published Date: Oct 2023
Report Format: PDF

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Minibar Refrigerators Market Share

The major players operating in the minibar refrigerators market are:

Avanti Products
Dometic Group
GE Appliances (a Haier company)
Indel B
ISM Makine Elektrik Sanayi ve Ticaret A.?.
Liebherr Group
Midea Group

Dometic Group and ISM Makine Elektrik Sanayi ve Ticaret A.?. are the dominant market players, holding over 8% of the market share in 2022. Dometic Group is known for its innovative and energy-efficient minibar refrigerator solutions, contributing to the sustainability trend in the hospitality industry. ISM Makine has gained prominence through its high-quality minibar refrigerators, appealing to various customer segments. The company’s market dominance is attributed to its reputation for reliability, product quality, and meeting diverse customer needs.

Authors: Avinash Singh

Frequently Asked Questions (FAQ) :

Global market for minibar refrigerators was valued at USD 347.7 million in 2022 and is projected to grow at a CAGR of over 3% between 2023 and 2032, owing to the growing hospitality sector.

The absorption segment is expected to grow at a CAGR of around 2.5% through 2032, owing to the unique features and suitability of these refrigerators for various hospitality settings.

Europe held a revenue share of over 30% in industry in 2022. The region's vibrant hospitality industry including hotels, resorts, and boutique accommodations drives the demand for minibar refrigerators.

Avanti Products, Dometic Group, GE Appliances (a Haier company), Indel B, ISM Makine Elektrik Sanayi ve Ticaret A.?., Liebherr Group, and Midea Group.