Global Automotive Parking Cooler
Market Report
2024
The Global Automotive Parking Cooler market size will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global automotive parking cooler market size will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Parking Cooler Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by Distribution Channel |
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Market Split by Tech |
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Market Split by Component |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Parking Cooler Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An air-conditioned parking lot where cars are parked or stored is known as a parking cooler. The benefit of having a parking cooler is that it maintains a constant temperature inside the garage, so preserving the cars from harsh weather. The demand for cars and trucks, as well as the expanding knowledge of the advantages of employing automotive parking coolers, are both contributing factors to the market's expansion. Furthermore, market expansion is being supported by strict government regulations on vehicle emissions and fuel economy standards. The rising popularity of electric and hybrid automobiles is also fueling the expansion of the automotive parking cooler market during the anticipated period.
(Source:www.webasto-group.com/en/press/press-releases/press-release/truck-parking-cooler-cool-top-23-rt-e/)
The increase in average global temperature mostly drives the need for automotive parking coolers. Climate change, brought on by things like greenhouse gas emissions, has led to increased global temperatures over time. This global tendency has caused summers to get hotter and dangerous heat waves to last longer in many places. As a result, automobiles parked outside are exposed to greater temperatures, which makes them uncomfortable to enter and even dangerous. Additionally, customers are looking for solutions to stay comfortable and safeguard their health while driving due to the rising temperatures. By lowering the interior temperature of parked automobiles, making them more comfortable to enter, and lowering the risk of heat-related illnesses, parking coolers assist in resolving this issue. Furthermore, worries about climate change are intimately related to the growing popularity of electric cars (EVs). Extreme temperature sensitivity can impact the battery performance of electric vehicles (EVs). Parking coolers can aid in keeping EV batteries at a healthy temperature, ensuring maximum performance and range.
Advanced cooling technologies are used in automotive parking coolers, which frequently include premium compressors, refrigerated systems, and digital controls. Even in sweltering heat, these parts are designed to cool the car's interior effectively. Utilizing cutting-edge technology raises the cost of manufacturing. Additionally, installing a parking cooler might need to be done by an expert, especially when retrofitting existing automobiles. Installation-related labor expenditures may increase the overall cost.
The COVID-19 outbreak significantly impacted the market for automotive parking coolers in several ways. The pandemic delayed the production and shipping of car parts, especially parking cooler systems, by upsetting worldwide supply lines. Manufacturers had trouble finding components and materials, which limited their capacity to meet demand. Additionally, numerous car manufacturing facilities temporarily ceased operations to safeguard staff members and adhere to lockdown regulations during the pandemic's initial waves. Because of this, fewer vehicles with parking coolers were produced.
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The market for automotive parking coolers is competitive due to numerous sizeable rivals. The market's players have recently expanded their facilities and merged with other companies to seize a dominant position. The market for automotive parking coolers is highly competitive and is home to numerous businesses.
(Source:en.bergstromchina.com/news/54992_for_index_text.htm)
Top Companies Market Share in Automotive Parking Cooler Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America controlled the world market in terms of revenue share. The region is predicted to have rising fleet operator adoption and expanding demand for passenger cars. Furthermore, the regional market is expected to grow as a result of technical developments like autonomous vehicles and adaptive cruise control. Additionally, the market is projected to grow due to the region's rising adoption of innovative technology. In addition, the automotive industry is one of the biggest sectors in the U.S. investing in R&D. Another element influencing the market's revenue growth is the presence of significant automakers in the area.
On the other hand, over the forecast period, Asia Pacific is anticipated to increase at a high rate. There are more cars in Asia Pacific due to rising auto production and rising consumer preference for expensive vehicles with cutting-edge safety features. Additionally, rising consumer desire for luxury and comfort in vehicles will support market expansion in this sector.
The current report Scope analyzes Automotive Parking Cooler Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Parking Cooler Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Parking Cooler Industry growth. Automotive Parking Cooler market has been segmented with the help of its Type, Application Distribution Channel, and others. Automotive Parking Cooler market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, a battery-powered parking cooler is a portable air conditioner used to keep the car's passenger area cool during warm weather. It operates by drawing energy from the battery. Thus, it doesn't need an electrical outlet to function. When traveling, camping, or even in an emergency where alternative cooling options might not be available or be too challenging to use, the product's capacity to function without power makes it incredibly helpful.
Furthermore, the engine-independent parking cooler lowers a vehicle's engine temperature while driving. It brings fresh air inside the vehicle's cooling system, which the engine block has already warmed. The air passes past the radiator and any other hot parts before leaving through the fan.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Parking Cooler Industry. Request a Free Sample PDF!
In 2023, the passenger cars segment had the biggest share. Urban areas generally have a higher demand for passenger cars than rural areas. Over the projected period, this factor is predicted to increase demand for parking coolers. Additionally, it is anticipated that rising electric car adoption in both developed and developing nations, including Germany, China, Japan, and the United States, will boost product demand internationally.
According to Cognitive Market Research, due in large part to their capacity to transport more passengers than other types of vehicles while moving faster, commercial vehicles have a high utilization rate on a global scale, which has contributed to the segment's value.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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During the forecast period, the aftermarket segment is anticipated to hold the greatest market share. The market is anticipated to expand due to rising demand for automotive charge air coolers in mid-range automobiles and the simplicity of air cooler system installation.
Moreover, OEM parking coolers are made to fit particular car makes and models. They are created to maximize effectiveness and performance by matching the vehicle's interior configuration and dimensions.
According to Cognitive Market Research, the manual category led the market in 2023. The driver or passengers in manual systems directly control the cooling system. They can manually activate, modify, and shut off the cooler when necessary. In order to initiate or stop the cooling operation, manual parking coolers frequently contain physical switches or buttons inside the car.
Over the forecast period, the automatic category is anticipated to be the fastest growing. The interior temperature, humidity, and car occupancy are just a few examples of the factors that automatic parking coolers may detect with the help of sensors. The cooling system starts up automatically when certain criteria are satisfied.
The cooling of the air pumped inside the car mostly depends on heat exchanger components. These heat exchangers transmit heat between the air inside the car and the outside air. They are frequently employed in parking cooler systems that rely on airflow.
Some parking cooler systems have variable-speed blowers that can change the speed of their fan depending on how much cooling is required. As a result, when full cooling power is not needed, the operation is quieter and energy efficient.
Individuals who own cars, SUVs, or other private vehicles fall into the category of private operators who buy and use parking coolers for their vehicles. Parking coolers are often installed to improve their comfort and their passengers' comfort, such as friends or relatives.
These people are known as fleet operators and are responsible for overseeing a fleet of commercial vehicles like buses, lorries, and delivery vans. In order to protect perishable cargo or items that need temperature regulation and assure the comfort of drivers and passengers, parking coolers are installed.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Parking Cooler Market is witnessing significant growth in the near future.
In 2023, the Battery-Powered Parking Cooler segment accounted for noticeable share of global Automotive Parking Cooler Market and is projected to experience significant growth in the near future.
The Passenger Cars segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bergstrom , MAHLE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Battery-Powered Parking Cooler, Engine-Independent Parking Cooler, Others |
Application | Passenger Cars, Commercial Vehicles, Light-Duty Vehicles, Heavy-Duty Vehicles |
Distribution Channel | OEM, Aftermarket |
Tech | Manual, Automatic, Smart |
Component | Heat Exchanger, Blower, Compressor, Control Unit |
End-User | Private, Fleet Operators |
List of Competitors | Bergstrom, Webasto, MAHLE, Dometic, IndelB, Eberspà ¤cher, Autoclima |
This chapter will help you gain GLOBAL Market Analysis of Automotive Parking Cooler. Further deep in this chapter, you will be able to review Global Automotive Parking Cooler Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 13 Market Split by Tech Analysis 2019 -2031
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Chapter 14 Market Split by Component Analysis 2019 -2031
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Chapter 15 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Parking Cooler market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Battery-Powered Parking Cooler have a significant impact on Automotive Parking Cooler market? |
What are the key factors affecting the Battery-Powered Parking Cooler and Engine-Independent Parking Cooler of Automotive Parking Cooler Market? |
What is the CAGR/Growth Rate of Passenger Cars during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Parking Cooler Market? |
Which region is expected to dominate the global Automotive Parking Cooler Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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