HOSHIZAKI CORPORATION, AB Electrolux, and Ali Group S.r.l. Dominated the Global Ice Maker Market in 2020

Global Ice Maker Market is said to grow with the CAGR of 5.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global ice maker market is a highly fragmented market, which includes a number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenario.

HOSHIZAKI CORPORATION is the dominating player in global ice maker market. Other key players existing in the market include AB Electrolux, Ali Group S.r.l., Welbilt, GE Appliances (a subsidiary of Haier Group), Berg Chilling Systems Inc., BREMA GROUP S.p.A., Danby, FOLLETT PRODUCTS, LLC, Fujian Snowman Co., Ltd., Howe Corporation, icemakerkoller, ITV Ice Makers Inc., KitchenAid (a subsidiary of Whirlpool Corporation), Marel, Marmon Holdings, Inc., Maxx Ice, MCA Corporation, NewAir, The Middleby Corporation, and others.

Ice Maker MarketHOSHIZAKI CORPORATION

HOSHIZAKI CORPORATION is headquartered in Aichi, Japan, and was founded in 1947. The company is a manufacturer and developer of commercial kitchen appliances & equipment including ice machines, refrigerators, and dish washers. The company offers a wide range of product categories such as ice, refrigeration, preparation, back bar, dispensers, and accessories, in which ice is the market focused category.

  • In March, HOSHIZAKI CORPORATION recieved the Kitchen Innovations (KI) Award by the National Restaurant Association. This award was given to the company for its Commercial 2by2 Cube Ice Machine. The machine provides superior chilling ability increasing the flavor and presentation of specialty cocktails. Also, it increases bar efficiency, eliminating messy house-made molds and expensive purchased vendor-made ice. With this award, the company has enhanced its brand image in the market.

The company has wide global presence across Europe, Americas, Asia-Pacific, and Middle-East & Africa with its various subsidiaries such as Lancer Corporation (U.S.), Hoshizaki Southeastern Distribution Center, Inc. (U.S.), Hoshizaki Taiwan, Inc (Taiwan), Hoshizaki Europe Holdings B.V. (Netherlands), and Hoshizaki Lancer Ltd. (New Zealand) among others.

AB Electrolux

AB Electrolux is headquartered in Stockholm, Sweden and was founded in 1919. The company is a global appliance company, which has Electrolux, AEG, and Frigidaire brands under it. The company operates in business segments including taste, care, wellbeing, food & beverage, and laundry of which taste and food & beverage are the market focused segments. The company offers a wide range of products categories such as kitchen, laundry, filters & accessories, prepare, cook, preserve, distribute, wash, accessories and consumables, and cooking concepts in which kitchen and preserve are the market focused categories.

  • In October 2021, AB Electrolux signed a patent licensing deal with LG Electronics, one of the largest consumer electronics producing company. Under the agreement, Electrolux will be able to produce and sell French-door refrigerators using patented technologies developed by LG. With this, the company will be able expand its customer base in the market.

The company has wide global presence across Europe, Americas, Asia-Pacific, and Middle-East & Africa with its various subsidiaries such as Electrolux Argentina S.A (Argentina), Electrolux Home Products Pty. Ltd (Australia), Electrolux Austria GmbH (Austria), Electrolux Home Products Corporation N.V. (Belgium), and Electrolux do Brasil S.A. (Brazil) among others.

Ali Group S.r.l.

Ali Group S.r.l. is headquartered in Milan, Italy. The company is a foodservice solutions provider and has a wide range of innovative brands to meet the customers need. It also offers a wide range of product categories such as cooking, bakery, meal delivery, preparation & storage solutions, refrigeration, washing & waste management, ice cream & beverage dispense, ice makers, coffee machines, contract, and distribution & service in which ice makers is the market focused category.

  • In November 2020, Ali Group S.r.l. introduced a new POLARIS KEEP Blast Chillers, which is designed especially for the highest quality professional performance by keeping consumptions low. The machine has three main functions in it, which are blast-chilling, blast-freezing, and defrosting. This has helped the company provide its customers with high performance cooling and deep freezing equipment.

The company has wide global presence across Europe, Americas, and Asia-Pacific with its various subsidiaries such as Carpigiani Group - Ali S.P.A. (U.S.), Hoonved Srl (Italy), InterMetro Industries Corporation (U.S.), Rancilio (Italy), and Aladdin Temp-Rite LLC (U.S.) among others.