Market analysis of vehicle refrigerator

Car Refrigerator Market Overview

A car refrigerator is defined as a portable refrigerator that is designed to fit in any vehicle. It is optimized to fit on the floor in front of the smaller middle seat located in maximum cars. It is designed to run off the rechargeable battery or by the car AC port. Car refrigerator is more convenient and more efficient in storing supplies and food, rather than using an insulated food and beverage box with ice packs because as the ice packs melt, the box will begin to heat up. Therefore, car refrigerators provide convenience and versatility in a simple form.

Market Size and Forecast

The global car refrigerator market is expected to grow at a robust growth rate over the forecast period i.e. 2017-2024. The global car refrigerator market is driven by the rapid growth of the automobile industry and the rising purchasing power of the consumer for innovative and technologically advanced luxury items. 

The most prominent regional markets include North America and Asia-Pacific. The global car refrigerator market has been dominated by North America, owing to favorable market conditions and an increase in the adoption of new advanced technologies. Asia–Pacific region is expected to capture a significant share during the forecast period aided by China and India, the fastest developing countries. Further, the growing indigenous demand for car refrigerators in India is a result of rising disposable income among the growing middle and affluent class. One of the key factors raising the demand for car refrigerators in this region is the need for cold storage in commercial vehicles by cab drivers. In Europe, the car refrigerator market is estimated to attain maturity as most of the vehicles are equipped with high-end electronics and safety features. In Western Europe, Germany is estimated to dominate the car refrigerator market. However, Eastern Europe and North American countries such as Mexico and Canada still have the potential market due to increasing vehicle production capacity and commissioning of new vehicle assembly plants. 

Market Segmentation

Our in-depth analysis segmented the car refrigerator market into the following segments:

By Type

  • Compressor
  • Absorption
  • Thermoelectric

By Price Range

  • Premium
  • Mid
  • Low

By Distribution Channel

  • Physical Store
  • Online Store

By Region

The global car refrigerator market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • The middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Rising disposable income coupled with changing lifestyle of the people is one of the key growth drivers for the car refrigerator market. Further, the rising sale of luxury cars is believed to be the dynamic factor behind the growth of the car refrigerator market. Also, increasing demand for a car-equipped refrigerator from the consumers is expected to drive the market over the forecast period. Rapid urbanization has led to the growth of the global car refrigerator market. Furthermore, an increase in demand for high-end electronics, mainly in commercial cars is anticipated to be the significant factor behind the rapid growth of the car refrigerator market. However, the incorporation of refrigerators has resulted in the increased price of the car. This factor is anticipated to restrain the growth of the global car refrigerator market. Moreover, maintenance issue associated with the car refrigerator is hindering the development of car refrigerator market which is further likely to dampen the market growth in future.

Key players

The major key players in the car refrigerator market are as follows

  • Mobicool
  • Company Overview
  • Key Product Offerings
  • Business Strategy
  • SWOT Analysis
  • Financials
  • PNDA
  • NFA
  • IndelB
  • Kingcool
  • Fiyilian
  • Ezetil
  • Congbao    
  • Autobox
  • Aotuotai

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global car refrigerator market is segmented as follows:

  • By Price Range Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

For more information you require. Please contact us by yaoyouzhe@chanceindustry.cn 

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