Chinese Car Refrigerator Market to Reach 100 Billion Level

The market scale of Chinese car refrigerator may reach 100 billion level. The South Korean media pay close attention!

According to a recent report from South Korea's Kotra Overseas Market News, with the increase in car ownership and self-driving travel in China, the demand for car refrigerators has grown significantly.

According to the analysis of the report: At present, the products categories in Chinese car refrigerator market are mainly divided into semiconductor refrigerators and compressor refrigerator. The former one relies on electronic chips for refrigeration, while the latter one relies on compressor for refrigeration, which has high refrigeration efficiency but is relatively large.

Chinese car refrigerator industry started in 2000, and as of 2017, the annual sales was less than 1.5 million units. However, it is predicted that the market size of Chinese vehicle peripheral products will reach about 1 trillion US dollars in the future, and the related car refrigerator market also has great potential. The development of the automobile industry has promoted the expansion of the car refrigerator market. According to statistics, the national car ownership in 2020 will be 281 million, a year-on-year increase of 8.1%