Ice Maker Market is expected to grow at a CAGR of 5.12% during the forecast period and market is expected to reach US$ 6.65 Bn. by 2029.Ice Maker Market Overview:
An Ice Maker is also known as an ice generator or ice machine and is used for making ice in residential, commercial, and Industrial sectors. An Ice maker is an electronic machine manufactured using various components, such as motors, compressors, condensers, evaporator, throttle valve, and heating elements. The key market players are now focusing on developing sustainable ice makers, which are expected to reduce the overall consumption of electricity and water to enhance machines' efficiency and their customer base.To know about the Research Methodology :- Request Free Sample Report
Ice Maker Market Dynamics:
The rapid growth of the food & beverage industry, seafood & meat food processing industries, where ice is used to maintain raw ingredients as well as final products frozen and fresh are expected to drive the global ice maker market growth. In addition, the popularity of cocktails, presentation drinks, and usages of ice in bars, high-end restaurants are also expected to boost the market growth. In addition, changing lifestyles and high per capita income have resulted in the development of fast-food chains. These factors coupled with the increased need to store perishable items, primarily food and food ingredients, are driving the ice maker market. The growing demand for ice in the healthcare and pharmaceutical sector for storing organs, dead bodies, specific medicine, and aiding rehabilitation procedures. Growing awareness and acceptance of cryotherapy also known as cold therapy is fueling the Ice Maker market growth during the forecast period. In addition, Ice Makers are also utilized in microbiology, biotechnology, biochemistry, and genetic engineering laboratories to store biological samples along with transportation of these samples from one place to another. These are some of the factors which drive the market growth for the Ice Maker market across the globe. The growing adoption of ice makers in residential, commercial, and industrial sectors for storing and preserving perishable goods or items is expected to provide new market opportunities for Ice Maker across the globe. The emergence of modern homes and modal kitchens with in-built bars are increasing the adoption of ice makers in homes. The high initial investment and maintenance cost of ice maker products is the major factor, which hinders the growth of the ice maker market across developing and undeveloped countries, such as Brazil, India, China, and others. The shift in the preference of consumers towards household refrigerators along with built-in ice makers is one of the key industry challenges. Setting up a suitable ice maker for a specific business needs expertise as well as a substantial investment.Ice Maker Market Segment Analysis:
Based on the product type, the Ice Maker Market is segmented into Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, and others. The Ice Cube maker segment held the largest market share accounted for 48.1 % in 2021 and it is expected to grow at a CAGR of 6.1% during the forecast period. The increasing usage of ice cubes in residential and commercial sectors drives the ice maker market growth for this segment. The use of gourmet ice and rhomboid ice cubes are utilized for consumption with alcoholic and non-alcoholic beverages at hotels, restaurants, offices, and homes are influencing the ice maker market statistics. The Ice Flake Maker segment is expected to witness significant growth with a CAGR of 5.3% during the forecast period. Flake ice provides less contact and damage with refrigerated materials, which makes them more preferable among consumers. Flake ice is used as the direct source of water in the concrete cooling process, more than 80% in weight. Concrete will not crack if has been mixed and poured at a constant and low temperature. Based on Application, the ice maker market is segmented into foodservice, retail, healthcare, residential, and others. The Foodservice segment accounted for the largest share 36.84 % of the global Ice Maker in 2021. The rising frequency of eating out at hotels, restaurants, and cafes by the urban population, is driving the market growth for this segment. The rising per capita income and expanding food and beverage industry also drive the product demand for this segment. The healthcare segment is expected to witness rapid growth with a CAGR of 5.93% during the forecast period. An Increasing necessity of ice makers in the healthcare sector for various applications such as cold compression therapy, rehabilitation procedures, transport of vaccine, and tissue & organ transplantation, fuels the product demand for this segment.Ice Maker Market Regional Insights:
North America region held the largest market share accounting for 36.91 % in 2021. The ice maker market growth is attributed to the high penetration of ice in the foodservice industry, coffee chains, bars, and lounges. An increase in the adoption of the modal kitchen with high-tech appliances in commercial and household sectors is expected to drive regional market growth. In addition, the presence of key market players, increase in global trade, technological advancements, and increase in R&D activities for improving product technology are driving the Ice Maker Market growth for this region. Asia Pacific region is expected to witness a significant CAGR of 5.39% during the forecast period. The rapid growth in the travel and tourism industry is providing the expansion of regional restaurants and hotels, fueling the ice-making machines market demand for this region. The objective of the report is to present a comprehensive analysis of the Trampoline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Trampoline Market make the report investor’s guide.Ice Maker Market Scope: Inquire before buying
Global Ice Maker Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.46 Bn. Forecast Period 2022 to 2029 CAGR: 5.12% Market Size in 2029: US $ 6.65Bn. Segments Covered: by Product • Ice Cube Maker • Ice Flake Maker • Ice Nugget Maker • Others by Application • Foodservice • Retail • Healthcare • Residential • Others Ice Maker Market by Region
• North America • Europe • Asia Pacific • South America • The Middle East and AfricaIce Maker Market Key Players
• Hoshizaki Corporation • Manitowoc Company, Inc. • Scotsman Industries, Inc. • Whynter LLC • Ice-O-Matic • AB Electrolux • Teknotherm Inc. • Himalayan 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. • Cornelius, Inc.Frequently Asked Questions:
1] What segments are covered in the Ice Maker Market report? Ans. The segments covered in the Ice Maker Market report are based on product type and Application. 2] Which region is expected to hold the highest share in the Ice Maker Market? Ans. North America region is expected to hold the highest share in the Ice Maker Market. 3] What is the market size of the Ice Maker Market by 2029? Ans. The market size of the Ice Maker Market by 2029 is US $ 6.65 Bn. 4] Who are the top key players in the Ice Maker Market? Ans. Hoshizaki Corporation, Manitowoc Company, Inc., Scotsman Industries, Inc., Whynter LLC, Ice-O-Matic, AB Electrolux, Teknotherm Inc., Himalayan 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. 5] What was the market size of the Ice Maker Market in 2021? Ans. The market size of the Ice Maker Market in 2021 was US $ 4.46 Bn.
To know about the Research Methodology :- Global Ice Maker Market-
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Ice Maker Market Size, by Market Mn (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Ice Maker Market 3.4. Geographical Snapshot of the Ice Maker Market, By Manufacturer share 4. Global Ice Maker Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Mn Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Ice Maker Market 5. Supply Side and Demand Side Indicators 6. Global Ice Maker Market Analysis and Forecast, 2021-2029 6.1. Global Ice Maker Market Size & Y-o-Y Growth Analysis. 7. Global Ice Maker Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Bn) Estimates & Forecast By Product, 2021-2029 7.1.1. Ice Cube Maker 7.1.2. Ice Flake Maker 7.1.3. Ice Nugget Maker 7.1.4. Others 7.2. Market Size (Bn) Estimates & Forecast By Application, 2021-2029 7.2.1. Foodservice 7.2.2. Retail 7.2.3. Healthcare 7.2.4. Residential 7.2.5. Others 8. Global Ice Maker Market Analysis and Forecasts, By Region 8.1. Market Size (Bn) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Ice Maker Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 9.1.1. Ice Cube Maker 9.1.2. Ice Flake Maker 9.1.3. Ice Nugget Maker 9.1.4. Others 9.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 9.2.1. Foodservice 9.2.2. Retail 9.2.3. Healthcare 9.2.4. Residential 9.2.5. Others 10. North America Ice Maker Market Analysis and Forecasts, By Country 10.1. Market Size (Mn) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Ice Maker Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 12. Canada Ice Maker Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 13. Mexico Ice Maker Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 14. Europe Ice Maker Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 15. Europe Ice Maker Market Analysis and Forecasts, By Country 15.1. Market Size (Mn) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Ice Maker Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 17. France Ice Maker Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 18. Germany Ice Maker Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 19. Italy Ice Maker Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 20. Spain Ice Maker Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 21. Sweden Ice Maker Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Ice Maker Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Ice Maker Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Ice Maker Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Ice Maker Market Analysis and Forecasts, by Country 25.1. Market Size (Mn) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Ice Maker Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 27. India Ice Maker Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 28. Japan Ice Maker Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 29. South Korea Ice Maker Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 30. Australia Ice Maker Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 31. ASEAN Ice Maker Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Ice Maker Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Ice Maker Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Ice Maker Market Analysis and Forecasts, by Country 34.1. Market Size (Mn) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Ice Maker Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Ice Maker Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 37. Egypt Ice Maker Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 38. Nigeria Ice Maker Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Ice Maker Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 40. South America Ice Maker Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 41. South America Ice Maker Market Analysis and Forecasts, by Country 41.1. Market Size (Mn) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Ice Maker Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 43. Argentina Ice Maker Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Ice Maker Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Mn) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Mn) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Ice Maker Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile - Hoshizaki Corporation 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. The Manitowoc Company, Inc. 45.5. Scotsman Industries, Inc. 45.6. Whynter LLC 45.7. Ice-O-Matic 45.8. AB Electrolux 45.9. Teknotherm Inc. 45.10. Himalyan Equipment Manufacturing Co. 45.11. MaxxIce 45.12. Howe Corporation 45.13. Cornelius, Inc 45.14. Middleby Corporation 45.15. A & V Refrigeration Corp 45.16. NewAir 45.17. Haier America Company, LLC 45.18. Zhejiang Litian Industrial Co. Ltd. 45.19. Sunpentown (SPT) Inc. 45.20. Cornelius, Inc. 45.21. Others