Ice Maker Market - Growth Trends and Segments by Product and Application to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-24
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Ice Maker Market - Growth Trends and Segments by Product and Application to 2025

Ice maker market is gaining profits from commercial segments, such as food service and healthcare. Demand for ice makers is surging in hotels, restaurants, hospitals, bars, pharma companies, etc. Growing demand for ice makers is pushing major ice machine manufacturers to develop energy-efficient and restaurant-specific machines. Rapid development and adoption of ice machines will show a positive impact on ice maker market outlook.

The overall Ice Maker Market is slated to depict a valuation of USD 2.5 billion by 2025, having registered a remuneration of USD 1.5 billion in 2018.

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Market Growth Drivers –

  1. Rapidly developing food & beverage industry across the globe
  2. The rising demand for ice makers in the healthcare industry
  3. Growing demand for household ice making systems due to the rise in disposable income in North America
  4. Proliferation of hospitality industry in Europe and MEA
  5. Growing demand for flake ice makers from the transportation industry of Europe
  6. Flourishing e-commerce industry in Asia Pacific & Latin America

Amplifying focus on quality and presentation of beverages in high-end bars will improve the growth of ice maker market share. Boutique bars demand for various ice making machines for gourmet, square, and large ice cubes. Increasing disposable incomes have gushed the advent of modern kitchens and homes with built-in bars. People are opting to prepare cocktails and expensive drinks in their own built-in bars, which will boost demand for ice makers in residential applications. Also, companies are rolling out advanced machines, which will enhance competition in ice maker industry.

Middle East ice maker market size is expanding with  development of regional infrastructures, such as restaurant chains, supermarkets, and hypermarkets. There is a huge demand for fast food and beverages in the region, which has amplified ice maker industry share. According to the International Trade Council, in Dubai, around 20 new community shopping malls are under construction and are likely to be operational by 2020.

Also, the UAE will host World Expo 2020 and Qatar will hold FIFA World Cup 2022, which will upsurge travel and tourism in the region. Organization of such events in the Middle East will offer lucrative growth prospects to ice marker industry players.

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Top Companies: -

A & V Refrigeration Corp., AB Electrolux, Ali Group S.p.A., Brema Group S.p.A., Cornelius, Inc., Direct Catering Products Ltd., Hoshizaki Corporation, Howe Corporation, ITV Ice Makers Inc., Kold-Draft, Manitowoc Ice (Welbilt), Middleby Corporation, North Star Ice Equipment Corporation, Whynter, LLC

Split by product type, the market is divided into: -

  1. Ice Cubes
  2. Ice Flakes
  3. Ice Nuggets

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by application, the market is divided into: -

  1. Residential
  2. Commercial [Food Service, Healthcare]
  3. Industrial

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space"


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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