Ice Maker Market Study by Business Opportunity, Segmentation and Growth Overview to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Ice Maker Market Study by Business Opportunity, Segmentation and Growth Overview 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 Ice Maker Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of USD 2.5 billion by 2025, with an anticipated CAGR of 6% through 2025.

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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.

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.

Nugget ice maker industry  is likely to exhibit robust growth due to the rising popularity of expensive drinks, and cocktails served in high-end bars, and restaurants, which has increased the usage of nugget ice maker globally. Nugget ice finds application in various cooling purposes, majorly in beverage displaying in shopping malls, bars, grocery stores, and departmental stores.

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

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Know about Market growth in New Research and its Top growing factors by Key Companies like

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

Ice Maker Market By Product: -

  1. Ice Cube
  2. Ice Flake
  3. Ice Nugget

Ice Maker Market by Applications: -

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

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

The research report presents a detailed outline of Ice Maker Market – this is mainly inclusive of the generic market definitions, the numerous segmentations, as well as the application landscape. The report outlines a detailed examination of the industry vendors – from a regional and global perspective.

An exhaustive brief of the various forecast trends and demand till the year 2025 has been given in the report. The study is inclusive of information pertaining to the numerous firms that form a part of the competitive terrain of this business sphere. Also, the report contains, in exclusive detail, information on the many innovations in this sector, technologies adopted, and also many other factors impacting the product demand.

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Market Report Includes

  1. An analysis with respect to the present industry scenario in tandem with opportunities for growth opportunities, important vendors, target audience, and market projection until 2025
  2. A comprehensive evaluation with regards to the industry size, growth anticipation, industry remuneration, and major contenders until 2025
  3. A scrutiny of the growth opportunities, expansion forecast, remuneration, and Forecast 2019- 2025
  4. Information on Primary and Secondary Research, Consumption Analysis, Market Segmentation, and Forecast until 2025
  5. An in-depth research on the Emerging Growth Parameters, Market Dynamics, Export Research Report, and Forecast to 2025
  6. Market Analysis, Strategic Developments, as well as Forecast 2025
  7. Product applications, industry trends, technological developments, and current demand and Forecast by 2025


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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