Car Refrigerator Market Size

Car Refrigerator Market size was over USD 540.77 Million in 2023 and is likely to reach USD 814.42 Million by the end of 2036, witnessing around 3.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of car refrigerator is assessed at USD 556.34 Million. The growth of the market can be attributed primarily to the rapid growth and development of the automotive industry worldwide. For instance, the automotive industry in India is estimated to grow in vehicle exports by five times by the end of 2026, and automobile exports from India accounted for over 5,600,200 units in year 2021-22

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. Moreover the rising demand for premium products, growing purchasing power for innovative products, increasing changes in lifestyle coupled with desire to eat fresh and healthy while travelling are anticipated to drive global car refrigerator market growth over the forecast period. In a study of 1000 people aged over 18 years, it was found that lifestyle changes were identified in 18% of the population owing to healthy dietary habits.