Global 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 Services and Healthcare) – Industry Trends and Forecast to 2031.
Ice Maker Market Analysis and Size
In the ice maker market, the integration of smart technology is transforming convenience and efficiency. Innovations such as app-controlled ice production, self-cleaning mechanisms, and energy-saving features are reshaping user experiences. These advancements not only enhance functionality but also elevate sustainability and user interaction, driving the market forward.
Data Bridge Market Research analyses that the global ice maker market which was USD 2.93 billion in 2023 and is expected to reach USD 3.71 billion by 2031, registering a CAGR of 3.0% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024-2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
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 Services and Healthcare)
|
|
Countries Covered
|
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
|
|
Market Players Covered
|
AV Refrigeration (U.S.), Electrolux (Sweden), Ali Group Worldwide (Italy), Marmon Foodservice Technologies, Inc. (U.S.), Howe Corporation (U.S.), ITV Ice Makers Inc (U.S.), ZIEGRA Eismaschinen GmbH (Germany), Manitowoc Ice (U.S.), The Middleby Corporation (U.S.), WHYNTER LLC (U.S.), NewAir (U.S.), Orien (Finland), Sunpentown Inc. (U.S.), Changshu Lingke Electric Appliance Co. Ltd (China), Holiday Ice (U.S.), Maxx Ice (U.S.), and Summit Appliance (U.S.)
|
|
Market Opportunities
|
|
Market Definition
An ice maker is a device that produces ice cubes or crushed ice automatically. It is commonly found in refrigerators or as standalone appliances. Ice makers freeze water into various shapes and sizes of ice, providing a convenient supply for cooling drinks or preserving perishable items.
Global Ice Maker Market Dynamics
Drivers
- Increasing Demand in Foodservice Industry for Maintaining Quality Standards
The foodservice industry's growing need for ice makers, evident in restaurants, hotels, cafeterias, and bars, propels market growth. These establishments rely on ice for beverage service and food preservation, emphasizing the vital role of ice makers in meeting their operational demands and maintaining quality standards in food and beverage service.
- Expansion of Healthcare Facilities for Preserving Samples
The global expansion of healthcare facilities drives demand for ice makers, essential for preserving samples and providing cold therapy in hospitals, clinics, and laboratories. This growing infrastructure necessitates reliable ice production systems to meet medical needs, highlighting the integral role of ice makers in healthcare settings worldwide.
Opportunities
- Rising Demand for Packaged Ice to Ensuring Chilled Beverages
The growing packaged ice industry drives demand for ice makers to supply supermarkets, and gas stations. These venues rely on ice makers to meet the constant need for bagged ice, catering to consumer demand for convenience and ensuring chilled beverages and perishables remain fresh, particularly in high-traffic retail environments.
- Focus on Hygiene and Sanitation to Meet Stringent Standards
As hygiene awareness rises, demand for ice makers with antimicrobial materials and self-cleaning rises, notably in foodservice and healthcare sectors. Consumers prioritize equipment ensuring sanitation to meet stringent standards. Manufacturers innovate to deliver solutions that promote cleanliness, aligning with industry needs and addressing concerns about contamination risks.
Restraints/Challenges
- Growing Water Quality Concerns Impede Growth
Water quality concerns hinder the ice maker market, impacting both taste and safety of the produced ice. Consumers avoid purchasing ice makers or switch to alternatives due to doubts about water safety. Manufacturers face pressure to invest in costly filtration systems, raising production expenses and potentially decreasing market competitiveness.
- Fluctuations in Seasonal Demand Lead to Inventory Shortages
Seasonal demand fluctuations present a significant challenge for ice maker manufacturers and distributors. Balancing production capacity and inventory to meet the varying demand during warmer months or in hot climate regions requires precise forecasting and resource allocation. Failure to effectively manage these fluctuations lead to inventory shortages, excess production costs, and missed sales opportunities, impacting profitability and market competitiveness.
This global ice maker market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global ice maker market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, Qualeben launched Munch, its pioneering nugget ice maker, transforming the ice maker market with its chewable ice. Boasting advanced features, it stands out as a user-friendly option
- In 2021, ITV ICE MAKERS S.L. displayed cutting-edge ice machine innovations at HOST 2021, Milan, amplifying the brand's presence in the competitive hospitality equipment market
- In 2020, Elanpro launched a portable ice maker, tapping into the evolving demands of the market with its innovative features tailored for diverse settings such as restaurants, bars, and upscale residences
- In 2020, Hoshizaki America, Inc. teamed up with Fastcomm to offer remote monitoring solutions for their K.M. cuber ice machines, enhancing efficiency by providing real-time machine health and ice production updates
Global Ice Maker Market Scope
The global ice maker market is segmented on the basis of type, product type, condensing unit type, size, material, application, and application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Modular/Ice Machine Head
- Under Counter Ice Machines
- Countertop Ice Dispenser/Makers
- Combination Ice/Water Machines
- Others
Product Type
- Cube Ice
- Nugget Ice
- Gourmet Ice
- Crescent Ice
- Flake Ice
- Others
Condensing Units Type
- Air Cooled
- Water Cooled
- Remote Cooled
- Others
Size
- 7-10 OZ. CUP
- 11-16 OZ.CUP
- 17-24 OZ. CUP
- Others
Material
- Metal
- Plastic
- Rubber
- Fibreglass
- Others
Application
- Residential
- Commercial
- Industrial
- Others
End User
- Food Services
- Healthcare
Global Ice Maker Market Regional Analysis/Insights
The global ice maker market is analyzed and market size insights and trends are provided by type, product type, condensing unit type, size, material, application, application, and end user as referenced above.
The countries covered in the global ice maker market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
South America dominates the ice maker market, propelled by the rising demand for various types of ice in beverages. This trend drives market growth, reflecting the region's significant influence on the industry's dynamics and consumption patterns.
Europe dominates the ice maker market, with Russia leading due to increased demand for frozen food. This surge fuels the need for ice makers, positioning Russia as a dominant force in Europe ice maker manufacturing and distribution.
Asia-Pacific is expected to dominate the ice maker market, fueled by China's accessibility to ice makers at competitive prices. The region's prominence stems from the widespread availability and affordability of these machines, driving significant market growth and adoption.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Ice Maker Market Share Analysis
The global 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global ice maker market.
Some of the major players operating in the global ice maker market are:
- AV Refrigeration (U.S.)
- Electrolux (Sweden)
- Ali Group Worldwide (Italy)
- Marmon Foodservice Technologies, Inc. (U.S.)
- Howe Corporation (U.S.)
- ITV Ice Makers Inc (U.S.)
- ZIEGRA Eismaschinen GmbH (Germany)
- Manitowoc Ice (U.S.)
- The Middleby Corporation (U.S.)
- WHYNTER LLC (U.S.)
- NewAir (U.S.)
- Orien (Finland)
- Sunpentown Inc. (U.S.)
- Changshu Lingke Electric Appliance Co. Ltd (China)
- Holiday Ice (U.S.)
- Maxx Ice (U.S.)
- Summit Appliance (U.S.)
SKU-