Rising disposable income, increasing demand for premium and luxury cars along with rise in road trips are the major factors driving the growth of the car refrigerator market.
The market is anticipated to attain a CAGR of 3% over the forecast period, i.e., 2023-2033.
Increased price of the car due to incorporation of refrigerators are the challenges affecting the market growth.
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Cool King Refrigeration Ltd., TROPICOOL, CARPIGIANI GROUP, Mobicool, PNDA, NFA, IndelB, Kingcool, Fiyilian, Congbao, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, price range, distribution channel, and, by region.
The compressor segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.