The global ice maker Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.4% during the review period (2022 to 2027)
The ice maker market is expected to rise because of the increasing demand for ice in developing countries for its utilization in their daily food. Growing food services, beverage, and hotel industry give rise to the ice maker market. The ice maker market is growing with the increasing use of ice in swelling, pain and heat healing, and other treatment purposes in hospitals and clinics. The healthcare industry fuels the growth of the Icemaker market with the increasing use of ice in several critical medical applications.An ice maker is a device that makes ice from water. The ice machine can mean either a device found inside a home freezer or a stand-alone appliance for making ice, an industrial device for making ice on a large scale, or a consumer device for making ice. Generally, an ice machine refers to a stand-alone appliance. Prominent players in the global ice maker market are Manitowoc, Scotsman, Kalinda, Hoshizaki, and Ice-O-Matic who together hold a market share of around 50%. Currently, the production of ice makers is concentrated. The ice maker was mainly produced in Europe and United States, their products are famous for their quality and performance, so they are welcomed by the world. The ice maker produced in China is famous for its lower price than European products.
Industry News and Updates:
The NewAir Introduced a New Nugget Ice Maker: "Good Ice" Has Never Tasted Better!
JULY 8th, 2020-- NewAir Appliances is introducing a new product that brings the internet's most talked-about ice, nugget or "Sonic" ice, into the home. Nugget ice has traditionally been reserved for commercial establishments, such as the fast-food chain SonicTM, which sells it by the cup. Instead of going out of their way to find nugget ice or spending thousands of dollars on a commercial product, anyone can buy a NewAir Nugget Ice Maker and enjoy up to 40 lbs. of nugget ice right from their kitchen counter.
In 2021, ITV Ice Makers Inc. showcased its new ice maker at the NAFEM Show, a foodservice equipment and supplies exhibition. At the show, presented a new Delta, a new solid and crystalline gourmet cube, with a more modern truncated conical design. This helped the company to showcase its new and advanced products to the customers.
October 1, 2019-- Manitowoc, the leading brand for commercial ice makers, introduced a new 1 Ton (2,000 lbs.) nugget ice machine. Due to the growing customer demand for a machine with higher daily product capabilities, the company has designed the new nugget ice machine. The machine produces high-quality ice and has easy, lump-free serving options in it. This helped the company provide its customers with a high-volume ice machine.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America accounted for the largest share of 30.96% in the previous year. The U.S. accounted for the largest share of 75.51% in the previous year in the North American market and is projected to register a significant CAGR from 2022 to 2027. The Asia Pacific is expected to witness the fastest growth over the forecast period. China accounted for the largest share of 26.1%in previous year, followed by India and Japan. The growing demand from restaurants and bars has contributed to the growth of the regional market.
The Ice Maker Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Ice Maker Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.4% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Hoshizaki, Manitowoc, Scotsman, Külinda, Ice-O-Matic, Follett, Cornelius, GEA, Brema Ice Makers, Snowsman, North Star, Electrolux, GRANT ICE SYSTEMS, MAJA, Ice Man, KTI, Iberna, ICESTA, Snooker, KOLD-DRAFT |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 117 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Ice Maker Market is studied from 2017 - 2027.
What is the growth rate of the Ice Maker Market?
The Ice Maker Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the key players in Ice Maker Market?
Hoshizaki, Manitowoc, Scotsman, Külinda, Ice-O-Matic, Follett, Cornelius, GEA, Brema Ice Makers, Snowsman, North Star, Electrolux, GRANT ICE SYSTEMS, MAJA, Ice Man, KTI, Iberna, ICESTA, Snooker, KOLD-DRAFT
What regions does this Ice Maker Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Ice Maker Market?
Ice Only, Ice and Water Dispenser, Others
What are the major end-use applications of the Ice Maker Market?
Food Processing, Entertainment, Food Retail, Mining Industry, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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