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.
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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 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
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