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Market Research Report

Car Refrigerator Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-315 Category: Automotive & Transportation

Car Refrigerator Market Overview

Car refrigerator is defined as a portable refrigerator which 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, the 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 automobile industry and rising purchasing power of the consumer for innovative and technologically advanced luxury items.

 car refrigerator

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 increase in adoption for new advanced technologies. Asia–Pacific region is expected to capture significant share during the forecast period aided by China and India, the fastest developing countries. Further, the growing indigenous demand for car refrigerator 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 refrigerator in this region is 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 in the following segments:

By Type

  • Compressor
  • Absorption
  • Thermoelectric

By Price Range

  • Premium
  • Mid
  • Low

By Distribution Channel

  • Physical Store
  • Online Store

By Region

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

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea and Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Rising disposable income coupled with changing lifestyle of the people is the one of the key growth drivers for car refrigerator market. Further, rising sale of luxury cars is believed to be the dynamic factor behind the growth of the car refrigerator market. Also, increasing demand for car equipped refrigerator from the consumers is expected to drive the market over the forecast period.

Rapid urbanization has led to the growth of global car refrigerator market. Furthermore, increase in demand for high-end electronics, mainly in commercial cars is anticipated to be the significant factor behind the rapid growth of car refrigerator market.

However, incorporation of refrigerators has resulted in increased price of the car. This factor is anticipated to restrain the growth of 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 for 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

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

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