IMARC Group has recently released a new research study titled “Ice Maker Market Report by Product Type (Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, and Others), End-Use Sector (Foodservice, Retail, Healthcare, Residential, and Others), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the ice maker market?
The global ice maker market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.57% during 2023-2028.
Industry Overview:
An ice maker is an electrical appliance designed to produce ice cubes or ice flakes for various applications, from household use to industrial settings. It operates by freezing water in a specialized tray or mold, typically using a refrigeration cycle. Once the ice is formed, the appliance releases the cubes or flakes into a collection bin, making them readily available for use. Ice makers come in various sizes and capacities, ranging from small, portable units that can be placed on countertops to large, industrial machines capable of producing tons of ice per day. They are commonly found in refrigerators, but standalone units are also available. These machines are particularly useful in settings like restaurants, hotels, and healthcare facilities, where a consistent supply of ice is essential.
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Ice Maker Market Trends and Drivers:
The expansion of the food and beverage industry, particularly in sectors like restaurants, cafes, and fast-food outlets, where a consistent supply of ice is essential represents one of the key factors driving the growth of the market across the globe. The growth of these establishments invariably leads to increased demand for efficient ice-making solutions, which is propelling the market forward.
The market is also driven by the rise in living standards and disposable income, especially in emerging economies. This growth is translating into greater consumer spending on appliances, including ice makers, for personal use in homes or for small-scale commercial applications. The advent of technological innovations is also contributing to the market growth.
Modern ice makers come with advanced features like faster cooling technology, energy efficiency, and smart connectivity, making them more appealing to tech-savvy consumers. These advancements not only enhance convenience but also contribute to sustainability, which is a growing concern among consumers.
Who Are The Key Players Operating In The Industry?
- Hoshizaki Corporation
- The Manitowoc Company, Inc.
- Scotsman Industries, Inc.
- Whynter LLC
- Ice-O-Matic (Mile High Equipment LLC)
- Himalyan Equipment Manufacturing Co. (HEMCO)
- MaxxIce (The Legacy Companies)
- NewAir
- Zhejiang Litian Industrial Co. Ltd.
- Sunpentown (SPT) Inc.
- Changshu Lingke Electric Appliance Co. Ltd.
- Cornelius, Inc.
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Market Segmentation:
The report has segmented the market into the following categorie
Breakup by Product Type:
- Ice Cube Maker
- Ice Flake Maker
- Ice Nugget Maker
- Others
Breakup by End Use Sector:
- Foodservice
- Retail
- Healthcare
- Residential
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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