Global Car Refrigerators Market Overview:
Car refrigerator is a type of portable refrigerator that is designed to fit in the car. It is optimized to fit on the floor in front of the smaller middle seat. It is designed to run off the rechargeable battery or by the AC port. Moreover, it is more efficient as well as convenient for storing supplies, beverages, and food, among others. Therefore, the car refrigerators offer convenience and versatility in a simple form.
Growth Drivers
- Rising Disposable Income Coupled With Changing Lifestyle
- Increased Sales of Luxury Cars
- Rapid Growth of Automobile Industry
- Increasing Demand for Car Equipped Refrigerators
Roadblocks
- Incorporation of Refrigerator Has Resulted into Increased the Price of the Cars
Opportunities
- The Emerging Growth from Developing Countries
- Technological Advancements in Car Refrigerators
Competitive Landscape:
Some of the key players profiled in the report are Mobicool (Italy), IndelB (Italy), King Cool Refrigeration (Canada), LABFREEZ INSTRUMENTS GROUP CO LTD (China), ARB (Australia), Ting wei Electric Technology Co. Ltd (China), Koolatron (Canada), Tropicool (India) and Cooluli (United States). Analyst at AMA Research see Italian and Chinese Vendors to retain maximum share of Global Car Refrigerators market by 2026. Considering Market by Price Range, the sub-segment i.e. Premium will boost the Car Refrigerators market. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Car Refrigerators market.
On 20 Aug 2019, Xiaomi has launched the Indel B Car Refrigerator with a 12L cabin, DC inverter compressor, -18°C optimum temperature. Indel B Car refrigerator comes with a 12L cabin and has a built-in DC inverter compressor. The entire setup uses German refrigeration technology. The operating power of the fridge is 45W meaning when used with the car’s 12V battery, the power consumed is actually 3.75Amp which isn’t too much. Also, the fridge motor does not need to run all the time so the consumption is only when the compressor kicks in.
What Can be Explored with the Car Refrigerators Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Car Refrigerators Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Car Refrigerators
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Refrigerators market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Refrigerators market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Car Refrigerator Manufacturers, Car Refrigerator Sub Component Manufacturers, Car Refrigerator Traders/Distributors, Car Refrigerator Importer/Exporter, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.