Market Overview:
The global automotive refrigerator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising disposable income of consumers across the globe. In terms of type, the 12 V segment is expected to dominate the global automotive refrigerator market during the forecast period, owing to its low cost and easy installation. However, 24 V refrigerators are gaining popularity among consumers due to their high efficiency and longer life span as compared with 12 V refrigerators. In terms of application, passenger cars are expected to account for a larger share of the global automotive refrigerator market duringthe forecast period as compared with commercial vehicles.
Product Definition:
An automotive refrigerator is a device that is used to keep food and drinks cold in a vehicle. It is important because it allows people to have cold food and drinks while they are driving.
12 V:
12 V is the voltage of a battery that provides more energy than 7.5 V batteries but less than 12 V batteries. The automotive refrigerator market has witnessed significant growth over the past few years owing to rising demand for automobiles across all major economies globally and this trend is expected to continue over the forecast period.
24 V:
The 24 V is a voltage used in automotive refrigerators. It is required to have low power draw and high amperage for the compressor to operate efficiently. The normal range of 24 V systems are designed for small compressing devices such as airbags, seat warmers, and so on.
Application Insights:
The passenger cars segment held the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for passenger vehicles in emerging economies such as China, India and Brazil on account of rapid urbanization and rising per capita income levels. Furthermore, stringent government regulations regarding air pollution control are expected to drive the demand for automotive refrigerators over the forecast period.
Commercial vehicles are projected to expand at a CAGR of XX% from 2018 to 2030 owing to growing construction activities across developing countries including Vietnam, Indonesia and Malaysia which is likely to result in increased production rates of commercial vehicles such as trucks, buses and lorries among others by various manufacturers including Daimler AG, Ford Motor Company LLC., General Motors Company LLC., Volvo AB along with their joint venture partners within next few years time frame thereby positively influencing market growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing vehicle production in key countries such as China, India, and Japan. Moreover, rising disposable income levels and changing consumer preferences are expected to drive the automotive industry in this region over the forecast period.
North America accounted for a significant share of global revenue due to high demand for passenger cars and light commercial vehicles in U.S., Canada, and Mexico on account of growing urbanization across these nations that has led consumers opting for smaller cars with better fuel economy than large vehicles used by their predecessors several decades ago.
Growth Factors:
- Increasing demand for automobiles in developing countries
- Growing popularity of luxury cars and SUVs
- Rising disposable income of consumers in emerging markets
- Proliferation of online retail channels that offer discounts on automotive refrigerators
- Technological advancements that result in more energy-efficient and compact refrigerators
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Refrigerator Market Research Report
By Type
12 V, 24 V, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Denso (Japan), Kyoraku (Japan), Vitrifrigo (USA), IndelB (Italy), Dometic (Sweden), Ezetil (Germany), ARB (Australia), FUYILIAN (China), Denso (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Refrigerator Market Report Segments:
The global Automotive Refrigerator market is segmented on the basis of:
Types
12 V, 24 V, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Denso (Japan)
- Kyoraku (Japan)
- Vitrifrigo (USA)
- IndelB (Italy)
- Dometic (Sweden)
- Ezetil (Germany)
- ARB (Australia)
- FUYILIAN (China)
- Denso (Japan)
Highlights of The Automotive Refrigerator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12 V
- 24 V
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Refrigerator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive refrigerator is a special type of refrigerator designed to keep food cold in vehicles. Automotive refrigerators are often larger and more powerful than regular refrigerators, and they are typically mounted in the trunk or rear of a car.
Some of the major players in the automotive refrigerator market are Denso (Japan), Kyoraku (Japan), Vitrifrigo (USA), IndelB (Italy), Dometic (Sweden), Ezetil (Germany), ARB (Australia), FUYILIAN (China), Denso (Japan).
The automotive refrigerator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Refrigerator Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Refrigerator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Refrigerator Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Refrigerator Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Refrigerator Market Size & Forecast, 2018-2028 4.5.1 Automotive Refrigerator Market Size and Y-o-Y Growth 4.5.2 Automotive Refrigerator Market Absolute $ Opportunity
Chapter 5 Global Automotive Refrigerator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Refrigerator Market Size Forecast by Type
5.2.1 12 V
5.2.2 24 V
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Refrigerator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Refrigerator Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Refrigerator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Refrigerator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Refrigerator Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Refrigerator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Refrigerator Market Size Forecast by Type
9.6.1 12 V
9.6.2 24 V
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Refrigerator Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Refrigerator Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Refrigerator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Refrigerator Market Size Forecast by Type
10.6.1 12 V
10.6.2 24 V
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Refrigerator Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Refrigerator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Refrigerator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Refrigerator Market Size Forecast by Type
11.6.1 12 V
11.6.2 24 V
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Refrigerator Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Refrigerator Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Refrigerator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Refrigerator Market Size Forecast by Type
12.6.1 12 V
12.6.2 24 V
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Refrigerator Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Refrigerator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Refrigerator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Refrigerator Market Size Forecast by Type
13.6.1 12 V
13.6.2 24 V
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Refrigerator Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Refrigerator Market: Competitive Dashboard
14.2 Global Automotive Refrigerator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denso (Japan)
14.3.2 Kyoraku (Japan)
14.3.3 Vitrifrigo (USA)
14.3.4 IndelB (Italy)
14.3.5 Dometic (Sweden)
14.3.6 Ezetil (Germany)
14.3.7 ARB (Australia)
14.3.8 FUYILIAN (China)
14.3.9 Denso (Japan)