DUBLIN--(BUSINESS WIRE)--The "Minibar Market Size Analysis by Product (Automatic, Manual), by Technology (Absorption, Compression, Thermoelectric), by Application (Transportation, Commercial & Residential buildings), and Segment Forecasts, 2014-2024" report has been added to ResearchAndMarkets.com's offering.
The global minibar market size to reach USD 1.49 billion by 2024, owing to the transformation, growth, and emergence of the hospitality industry worldwide. With the rise in the demand for customer satisfaction and necessity of enhancing profitability in the hotel industry, the demand of minibars is estimated to grow over the forecast period.
In addition, the increasing prerequisites of consumers and guests for hassle free services, high comfort, facilities, and luxury while travelling and their stay at elite hotels is anticipated to encourage the market growth. This in turn is expected to reassure the hotel industry to focus on providing value added services such as safety box, laundry, Wi-Fi, ironing, dry cleaning, minibars, in-room dining and others. One of the services offered by exclusive hotels nowadays is the in-room minibars, which adds to customer experience.
The prevailing rate of installation of minibars in rooms of luxury hotels poses growth potential for the global minibar market. Cherishable customer experiences results in enhanced customer loyalty and promotes continued association of customers in future as well, which in turn fuels the growth of minibar market on a global scale.
The market for absorption minibars market is estimated to develop swiftly on account of the existing properties such as environment friendly, completely silent, highly reliable, energy efficient, and offers an extended service life. With the rise in technological advancements, automatic minibars can detect missing items, charge the guests based on the usage of the products using sensors and can be synchronized with the property management system (PMS) of hotels.
Companies Mentioned
- Bartech
- Dometic Group AB (publ)
- Indel B S.p.A.
- Vitrifrigo
- Minibar Systems
Key Topics Covered:
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope
Chapter 3. Introduction
Chapter 4. Minibar Market Trends: Drivers & Opportunities
Chapter 5. Minibar Market Trends, By Product
Chapter 6. Minibar Market Trends, By Technology
Chapter 7. Minibar Market Trends, By Application
Chapter 8. Minibar Market Trends, By Region
Chapter 9. Key Country Markets
Chapter 10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/p59w4r/minibar_market?w=4
