The report of Global Ice Maker Market by product (ice cube maker, ice flake maker, ice nugget maker and others), application (foodservice, retail, healthcare, residential and others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Mn by 2026, at a CAGR of 5.8 % during a forecast period.
Key players are forming robust footprints in the global ice maker market by Mergers, Acquisitions and High investment.
The ice making business growth is expected to grow by customized solutions, which is based on the portfolio of products, and application. Some of the prominent key players are focusing on the innovations activities and resources on the technology development and expanding partnership with other key players. For instance, in 2020, Manitowoc, which is a brand of Welbit, Inc. has launched LuminIce II, which was a fully integrated solution. It helps to guard ice machine against viruses and bacteria.
Asia Pacific is emerging market
The Asia-Pacific region is one of the largest regional consumers for food products because of the presence of large-scale population. This trend is expected to continue in the near future as a result of rapid expansion of the end-user industries like retail, food& beverage, and healthcare sectors in the developing economies as China, India, South Korea, Taiwan, and other developing countries. An increase in adoption of advanced technologies in the production of ice is expected to drive the regional market growth during the forecast period.
Key players operating in the Global Ice Maker Market includes Hoshizaki Corporation, The Manitowoc Company, Inc., Scotsman Industries, Inc., Whynter LLC, Ice-O-Matic , AB Electrolux, Teknotherm Inc., Himalyan Equipment Manufacturing Co. , MaxxIce , Howe Corporation, Cornelius, Inc, Middleby Corporation, A & V Refrigeration Corp, NewAir, Haier America Company, LLC, Zhejiang Litian Industrial Co. Ltd., Sunpentown (SPT) Inc. and Cornelius, Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Ice Maker Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Ice Maker Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Ice Maker Market positioning of competitors.
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