The ‘Global Ice Maker Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global ice maker market, assessing the market on the basis of its segments like product types, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Ice Maker Market Size, Share, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.2%
| Report Attribute | Details |
| Historical Period | 2018-2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
| Market Size in 2020 | USD 4.6 billion |
| Revenue Forecast in 2026 | USD 6.5 billion |
| Growth Rate CAGR | 6.2% |
| Major Players | Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, and Cornelius, Inc., among others. |
An ice maker enables the production of large amounts of ice which brings redundance to the need of pilling up ice stocks for occasions or other forms of high-volume usage. Hence, this appliance is witnessing a heightened demands in the foodservice sector. Ice makers are easy to operate and are hygienic, which is a major advantage propelling the demand for this product. Restaurants, cafes, and various food service businesses use ice in beverages and to preserve meats and various frozen grocery products. As a result, the dependence of food service businesses on ice makers is bolstering the global ice maker market.
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Ice makers also finds application in the healthcare sector to preserve tissues, samples, organs, and facilitate ice therapy. Preservation of tissues and samples requires ice, as does the preservation of organs before transplant. The increasing prevalence of inflammation and abnormal blood pressure among the geriatric patients is fuelling the demand for ice in bulk, leading to an increased incorporation of industrial ice makers across physical therapy clinics and large hospitals.
North America holds a significant share in the market. The large number of beverage consumers, food service businesses, and frozen food consumers are generating a remarkable demand for ice and the ice maker market.
Ice Maker Industry Definition and Major Segments
An ice maker, also known as an ice generator, is defined as a dedicated appliance which produces ice . There are many types of ice makers available, to produce ice of different shapes, sizes, and volumes. Ice makers are useful for households, food service businesses, pharmaceuticals, and other end users. The key components constituting an ice maker include a compressor, condenser, and an evaporator.
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Based on product type, the market can be segmented into:
• Ice Cube Maker
• Ice Flake Maker
• Ice Nugget Maker
• Others
The end uses included in the market are as follows:
• Food Service
• Retail
• Healthcare
• Residential
• Others
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Ice Maker Market Trends
The key trends in the ice maker market include the rapid innovations and progressive product developments which are bolstering the popularity of ice makers. For instance, countertop ice makers are popular owing to its compact design that saves space.
Innovative ice makers which produce attractive ice shapes along with excellent symmetry are gaining traction among the cocktail enthusiasts and mixologists. This trend is further bolstered by the increasing popularity of non-alcoholic cocktails, increasing consumption of beer, and rising footfall in pubs and beverage shops, leading to a greater growth of the global ice maker market. Moreover, the development of noise-free, quick, and portable ice makers is a crucial trend adding to the market growth.
Key Market Players
The major players in the ice maker market report are
- Hoshizaki America, Inc.
- Scotsman Ice Systems
- Manitowoc Ice
- Newair
- Cornelius, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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