Minibars Market Trends, Investment Feasibility Analysis Report 2021
Global minibar market is
segmented on the basis of cooling type, application, and geography. A minibar
is a small refrigerator; normally an absorption refrigerator. It is used in
luxury hotel rooms or restaurants. The hotel staffs serve snacks and drinks for
the customers to purchase during their stay. Minibars’ concept is a great way
for a hotel industry to earn extra revenue. Globally, the concept of minibars
was introduced at the Hong Kong Hilton Hotel by manager Robert Arnold in 1974.
Minibars are also an
important part of the hotel and catering industry for the key safes, room
safes, and back-office safes. A minibar allows the customer to enjoy a snack or
cold drink at any time of day or night without having to leave the room. The
small minibar refrigerator is generally filled with small bottles of juice,
alcoholic beverages, and the other soft drinks. Besides, they may have some
cookies, candy, crackers, chocolates, and the other small snacks.
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A minibar refrigerator
uses a single heating element to power the cooling system that makes it highly
reliable and energy-efficient. It uses the three operating fluids that comprise
such as water, ammonia, and hydrogen. This refrigerator is best-suited for
hotels, resorts, and villas. Generally, minibar cooling unit is different from
standard refrigerators using absorption technology.
Based on cooling type,
minibar market is segmented into absorption cooling, thermoelectric cooling,
peltier cooling, and so on. Based on application, minibar market is segmented
into hotels, restaurants, resorts, villas, and so on. Based on geography,
minibar market is segmented into Asia Pacific, Latin America, North America,
Europe, and Middle East & Africa.
Europe is expected to
hold the largest market share in the minibars industry in the years to come.
Key players operating in the minibars industry are Indel B, Dometic Hotel
Equipment, BARTECH, VITRIFRIGO, Minibar Systems, TECHNOMAX, U-LINE, ISM
MINIBAR, iTEC, ITV Ice Makers, JENN-AIR and ASSA ABLOY Hospitality.
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