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(Transportation-News.com, October 14, 2017 ) 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.
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.
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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.
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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, PNDA, NFA, IndelB, Kingcool, Fiyilian, Ezetil, Congbao , Autobox, Aotuotai
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Research Nester
Ajay Daniel
+1 6465869123
news@researchnester.com
Source: EmailWire.Com 
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