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According to a report by Future Market Insights (FMI), the portable fridges market will expand at a steady pace between 2022 and 2032. The rising demand for high-performing and functional compact storage systems in commercial vehicles has been aiding growth of the portable fridges market.

Portable fridges are also in demand among people who enjoy camping and caravanning. The rising focus on outdoor recreational activities is identified as a chief factor driving sales of portable fridges. According to FMI, the market for portable fridges is expected to rise at above 6.4% CAGR between 2022 and 2032.

Cab drivers and truckers are often on road for extended time. Sometimes they even drive for days. Portable fridges can be perfect addition to their vehicles, enabling them to enjoy food or beverage on the go. Eating inside saves significant amount of time and money, which is why the demand for portable fridges is considerably high in among them.

Compact electronic appliances are getting immensely popular, which has been encouraging leading brands to launch advanced versions of their portable fridges. Since they are seeking out opportunities in the residential sector, companies also will focus on getting energy star certification.

Their efforts to please and attract consumers with pave way for several developments. Product launches in the portable fridges market is therefore expected to gain pace in the coming years. FMI’s report on the market gives a holistic overview of the various factors enabling growth and influencing its trajectory.

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Some of the key takeaways from the report are:

“A majority of companies operating in the portable fridges market are expected to focus on innovations to gain competitive advantage. The market consequently has been witnessing a slew of product launches since the last few years,” said a lead analyst at FMI.

Companies operating in the portable fridges market are primarily focusing on improving load capacity and making refrigerator compressor stronger without compromising on the basic features. To make the product more feasible for residential applications, brands are giving special attention to energy star certification.

There is also immense attention towards leveraging their online presence. Some of the leading brands are therefore investing on building their online visibility to expand their footprint across the world.

Some of the leading companies operating in the market are Whirlpool Corporation, ARB Corporation, Danby, Dometic Group AB, EdgeStar (Living Direct, Inc.), Engel Australia Pty Ltd., Haier Inc., Koolatron, Whynter, AB Electrolux, and Samsung Electronics Co., Ltd.

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Portable Fridges Market by Category

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3.1. Key Trends Impacting the Market

3.1.1. Increased demand due to enhanced lifestyle of people

3.1.2. Growing presence of Asia-based players across the globe

3.1.3. Omni-channel product offering by brand owners

3.1.4. Use of artificial intelligence in association with portable fridges

3.1.5. Well-known brands increasing sales footprint

Explore FMI’s Extensive ongoing Coverage of Consumer Product Domain

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Deodorant Stick Market The overall demand in the global deodorant stick market is projected to increase at 7.1% CAGR between 2022 and 2027, topping a valuation of US$ 1,913.4 Mn by 2022.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 Report:  https://www.futuremarketinsights.com/reports/portable-fridges-market For Sales Enquiries: [email protected] Browse latest Market Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs 

The post Rising demand for Portable fridges Market due to high-performing and functional compact storage appliances for commercial applications will drive the sales. appeared first on Future Market Insights.

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