Europe Ice Maker Market, By Type (Modular/Ice Machine Head, Under Counter Ice Machines, Countertop Ice Dispenser/Makers, Combination Ice/Water Machines, And Others) , Product Type (Cube Ice, Nugget Ice, Gourmet Ice, Crescent Ice, Flake Ice And Others), Condensing Units Type (Air Cooled, Water Cooled, Remote Cooled, And Others), Size (7-10 Oz. Cup, 11-16 Oz.Cup, 17-24 Oz. Cup And Others), Material (Metal, Plastic, Rubber, Fibreglass And Others) , Application (Residential, Commercial, Industrial And Others), End User (Food Service And Healthcare) Country (Germany, U.K. Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, turkey and rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Europe Ice Maker Market
Europe ice maker market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 2.5% in the forecast period of 2022 to 2029 and is expected to reach USD 680.78 million by 2029. Increasing Demand for Ready-to-eat drinks owing to Busier Lifestyle and increasing demand for ice in healthcare sector acts as a driver for Europe Ice Maker Market growth.
The recent trend indicates increasing demand for ice machines as investments in public and private healthcare industries continue to increase. The factors driving the growth of the ice maker market are increasing demand for cold drinks and alcoholic beverages, the Europe Ice Maker Market will witness an increased trajectory in the coming years. However, the high prices of ice makers may restraint the growth of the market.
Many companies are making strategic decisions, such as forming agreements with research facilities to launch new products to improve their market share. As a result, the ice maker market is growing at a rapid rate.
The Europe Ice Maker Market report provides details of market share, new developments, and impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the ice maker market scenario, contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe ice maker market is segmented into seven segments based on type, product type, condensing unit type, size, material, application and end user.
- On the basis of type, the Europe Ice Maker Market is segmented into modular/ice machine head, under counter ice machines, countertop ice dispenser/makers, combination ice/water machines, and others. In 2022, the modular/ice machine head segment is expected to dominate the ice maker market due to increasing demand for a lot of ice in food service industry.
- On the basis of product type, the Europe Ice Maker Market is segmented into cube ice, nugget ice, gourmet ice, crescent ice, flake ice and others. In 2022, cube ice is expected to dominate the market as it has small size and also available in medium size which is comfortable for consumers to use in any kind of food preparation which drives the growth of the market. Thus, these facts attract the consumers and hence helps the market to grow rapidly in coming years.
- On the basis of condensing units type, the Europe Ice Maker Market is segmented into AIR cooled, water cooled, remote cooled, and others. In 2021, the air-cooled segment is expected to dominate the ice maker market due to growing demand of air-cooled ice maker owning to its cheap price and easy installation.
- On the basis of size, the Europe Ice Maker Market is segmented into 7-10 Oz. Cup, 11-16 Oz.Cup, 17-24 Oz. Cup and others. In 2022, 7-10 oz cup is expected to dominate the market as this size is mostly purchased by all the industries as it is light weight, small sized and thus preferred by all industries which is driving the growth of the market.
- On the basis of material, the Europe Ice Maker Market is segmented into metal, plastic, rubber, fibreglass and others. In 2022, the metal segment is expected to dominate the ice maker market due to rising adoption of long lasting and corrosion-resistant material for ice maker.
- On the basis of application, the Europe Ice Maker Market is segmented into residential, commercial, industrial and others. In 2022, commercial segment is expected to dominate the market owing to increased demand for cold drinks, alcoholic beverages and changing lifestyle of consumers which enables them to go in cafes, restaurants, and food service centers. Thus, this ultimately drives the market and shows rapid growth in coming years.
- On the basis of end user is further segmented into food service and healthcare. In 2022, the food service segment is expected to dominate the ice maker market due to increasing demand for hotels and restaurants.
- Europe Ice Maker Market is fragmented and the major players have used various strategies, such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in the Europe Ice Maker Market.
Some of the major players operating in the Europe Ice Maker Market are A&V Refrigeration, AB Electrolux, Ali Group, Marmon Foodservice Technologies, Inc., BREMA GROUP S.p.A., Direct Catering Products Ltd., HOSHIZAKI CORPORATION, Howe Corporation, ITV Ice Makers Inc, ZIEGRA Eismaschinen GmbH, Manitowoc Ice, The Middleby Corporation, WHYNTER LLC, NewAir, Orien, Sunpentown Inc., Changshu Lingke Electric Appliance Co. Ltd, Holiday Ice, Maxx Ice, and Summit Appliance among others.
Europe Ice Maker Market Country Level Analysis
Europe ice maker market is analysed and market size information is provided by the country, on type, product type, condensing unit type, size, material, end user and application as referenced above.
The countries covered in Europe nutritional beverages market report are Russia, Germany and France.
- In Europe Ice Maker Market, Russia dominating the market due to easy availability as well as at reasonable rates of ice makers in the region. Germany also dominates the market owing to increased demand for ice makers from different countries. France dominates the market due to the increased usage of different type of ice in beverages in resturants and bars will ultimately drive the market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for ice makers is Boosting the Market Growth of ice maker market.
Europe Ice Maker Market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2019 to 2020.
Competitive Landscape and Ice Maker Market Share Analysis
Europe Ice Maker Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe Ice Maker Market.
Some of the major players operating in the Europe Ice Maker Market are A&V Refrigeration, AB Electrolux, Ali Group, Marmon Foodservice Technologies, Inc., BREMA GROUP S.p.A., Direct Catering Products Ltd., HOSHIZAKI CORPORATION, Howe Corporation, ITV Ice Makers Inc, ZIEGRA Eismaschinen GmbH, Manitowoc Ice, The Middleby Corporation, WHYNTER LLC, NewAir, Orien, Sunpentown Inc., Changshu Lingke Electric Appliance Co. Ltd, Holiday Ice, Maxx Ice, and Summit Appliance among others., domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many developments are also initiated by the companies’ worldwide which are also accelerating the Europe ice maker market.
For instance,
- In October 2021, ITV ICE MAKERS S.L. participated in the HOST 2021 fair in Milan, regarding the hospitality equipment. This participation helped the company to present the latest developments in the ice machines in the market and to grab attention of the consumers..
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the Europe Ice Maker Market which also provides the benefit for organization’s profit growth.
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