According to the report, Rising demand for the portable and compact fridge in personal vehicles and recreational vehicles (RV) among the adventure lovers is one of the primary growth factors for the market. Increasing enthusiasm for outdoor recreational activities among millennials
is also expected to contribute significantly to the Portable Fridges market. Overall, Home
applications of Portable Fridges, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Offline, is boosting the Portable Fridges market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Capacity, such as 30L, is boosting the Portable Fridges market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Portable Fridges market identified that the demand is rising in many different parts of the world as "Innovations and development of portable fridge with improved ergonomics".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Portable Fridges market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Portable Fridges market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Portable Fridges market size is calculated using market estimation process, the Portable Fridges market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Portable Fridges market size has been validated using both top-down and bottom-up approaches.