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Minibar Refrigerators Market Trends

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

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Minibar Refrigerators Market Trends

The growing emphasis on sustainability and energy conservation is driving the adoption of energy-efficient minibar refrigerators in the hospitality industry. Hotels and resorts are recognizing the importance of reducing their carbon footprint and operational costs. By opting for eco-friendly minibar refrigerators, they can demonstrate their commitment to environmental responsibility while benefiting from lower energy consumption. These energy-efficient models align with green initiatives as well as contribute to cost savings over time.

The smart minibars are an emerging trend in the industry owing to technological advancements and the desire to enhance guest experiences. They are equipped with sensors, IoT connectivity, and integrated software that enable automated inventory tracking & billing. Guests can easily access information about minibar contents and prices through mobile apps. This technology not only streamlines operations for hotels but also provides guests with a convenient & interactive experience, allowing them to personalize their stay and order items with ease. For instance, in November 2020, Bartech launched BarTouch Cloud, an advanced manual minibar management solution designed to address the needs of hotels in the post-COVID-19 industry environment.

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.