Minibars Market (Updated Version Available)

A minibar is a small refrigerator, typically an absorption refrigerator, in a luxury hotel room. The hotel staff fill it with drinks and snacks for the guest to purchase during their stay. It is stocked with a precise inventory of goods, with a price list. The guest is charged for goods consumed when checking out of the hotel. Some newer minibars use infrared or other automated methods of recording purchases. These detect the removal of an item, and charge the guest\'s credit card right away, even if the item is not consumed. This is done to prevent loss of product, theft and lost revenue.
Hoteliers are obligated to modify their service offerings with the aim of not losing their guests to convenience stores in the proximity. Hotels are increasingly using these cellarets to deliver an exclusive experience to their guests and generate additional revenues, which is aiding to the growth of the industry. The prevailing demand from the mentioned sectors is expected to keep the market afloat over the forecast period as well. Increasing installation of minibars in hotel rooms, rendering favorable services to the guests\' will further enhance the acceptance of these types of counters over the forecast period.
The shift in focus towards environment-friendly and automatic minibar from manual ones is expected to strengthen over the coming years. The use of automated counters minimizes the operational glitches observed during the final billing for the customer in line with their actual consumption. Competitors in the market are focusing on colorful, retro designs and product innovation for attracting more number of buyers. In addition, the steady increase in the number of studio, service and small apartments is expected to spur demand growth for minibars over the forecast period.
The Minibars market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
In the global Minibars market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

following companies are covered:
Bartech
Dometic Group
Indel B
Vitrifrigo
Minibar Systems
Royal Minibars
JennAir
iTEC
TECHNOMAX

Market Segment by Product Type
Absorption
Compression
Thermoelectric

Market Segment by Application
Transportation
Commercial & Residential buildings

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Minibars market for the forecast period 2020 - 2025?
• What are the driving forces in the Minibars market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Minibars industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?