Industry

Rapid Growth in Travelling and Recreational Activities Sector Across the Globe Expected to Propel Recreational Vehicle (RV) Refrigerators Market –

Press Release

A refrigerator is the most important appliance in a recreational vehicle (RV). It is also referred to as mobile fridge or portable refrigerator as it is small in size and easy to use. It may differ from a residential fridge that operate on the principle of an absorption technology by using heat, and a combination of ammonia, hydrogen gas, and water. It works on electricity or gas. It also has safety features that automatically switch over to using LP gas for power when there is no electricity. A recreational vehicle refrigerator is used to preserve food and beverages for a longer time. Sales of recreational vehicle refrigerators are expected to rise in the coming years due to increasing demand from marine, boat, van, and truck users, apart from travelers and camping organizers. Additionally, products with innovative technology along with unique design are expected to remain attractive among end-users. This has boosted the demand for recreational vehicle refrigerators.

Major drivers of the global recreational vehicle refrigerators market include rise in awareness about the products, limited space required for storage, ease of handling, and penetration of products through major specialty retail sectors and online platforms. In addition, rapid growth in the travelling and recreational activities sector across the globe is expected to propel the market during the forecast period. However, cost of maintenance and risk associated with the product while handling are major restraints of the market. Development of new and innovative products, targeting new customers, and penetration of products through e-commerce are expected to create significant opportunities for the market.

The global recreational vehicle refrigerators market can be segmented based on product type, capacity, power source, door type, distribution channel, and region. In terms of product type, the recreational vehicle refrigerators market can be bifurcated into 1-way refrigerator, 2-way refrigerator, and 3-way refrigerator. Based on capacity (cubic feet), the global recreational vehicle refrigerators market can be classified into below 4, 5-6, 6-7, 7-8, 8-9, 9-10, 11-12, and above 12.

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Based on door type, the global recreational vehicle refrigerators market can be segmented into single door, double door, triple door, and French doors. Based on power source, the recreational vehicle refrigerators market can be segmented into electric, gas, and combined. In terms of distribution channel, the recreational vehicle refrigerators market can be classified into online and offline. The offline segment is sub-segmented into specialty stores, mega retail stores, independent stores, and others.

Based on region, the recreational vehicle refrigerators market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Continuous robust growth in the field of outdoor recreational activities has propelled the usage of recreational vehicle refrigerators in North America. End-users are opting for recreational vehicle refrigerators for better comfort. In Europe, increasing demand for recreational vehicle refrigerators due to rapid growth in the travelling sector is expected to fuel the sales of the product in the coming years. Increase in disposable income, rapid growth in tourism sector, and outdoor activities are driving the market in Asia Pacific. In Middle East & Africa, premiumization of the product through prominent brands is expected to fuel the recreational vehicle refrigerators market. Celebrity endorsement of recreational vehicle refrigerators and increase in purchasing power of end-users are expected to drive the market in South America.

Major players operating in the global recreational vehicle refrigerators market include Whynter LLC, Intirion Corporation, Felix Storch, Inc., Nova Kool Manufacturing ULC., JC Refrigeration, LLC, Thetford Corp., Midea, Equator Advanced Appliances, Dometic Group AB, The Whirlpool Corporation, Living Direct, Inc., Koolatron CA., Keyfly Limited, Beier Industry(Qingdao) Co.,Ltd, Avanti Products, and Vitrifrigo America LLC.

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