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Global Ice Maker Market: By Product Type: Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, Others; By End Use: Food Service, Retail, Healthcare, Residential, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Manufacturing Process; Competitive Landscape; Industry Events and Developments
Global Ice Maker Market Outlook
The global ice maker market size was nearly USD 4.6 billion in 2020. The industry is further expected to grow at a CAGR of 6.2% over the forecast period of 2023-2028 to attain a value of USD 6.5 billion by 2026.
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The global ice maker market is being driven by the growing healthcare sector coupled with the increased government investment in the development of healthcare infrastructure. The ice cube maker segment, among other product types, dominates the market owing to the production of rhomboid cubes, which are widely used in various restaurants globally. The product finds extensive applications in the foodservice sector, which accounts for a significant market share. The growth of this segment can be attributed to the increased consumer preference for eating-out at cafes, hotels, and restaurants, particularly the urban populace.
Region-wise, North America is the leading market for the product, accounting for the majority of the industry share. In terms of import and export scenarios, the United States is the largest importer of ice makers, and China is the biggest exporter. The United States is followed by Germany, France, the United Kingdom, and Canada as the significant importers while China is followed by Mexico, Italy, the United States, and Korea as the significant exporters.
Market Segmentation
An ice maker or ice generator, also known as an ice machine, is a dedicated tool used in both the residential and commercial sectors for the generation of ice. This utility item involves the incorporation of various components, including compressors, condensers, evaporators, motors and heating elements, among others. The product is available in different sizes, ranging from small to large, based on the requirement of the consumer.
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Based on product-type, the industry is divided into:
- Ice Cube Maker
- Ice Flake Maker
- Ice Nugget Maker
- Others.
On the basis of end-use sector, the industry is segmented into:
- Foodservice
- Retail
- Healthcare
- Residential
- Others
The report also covers the regional ice maker markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global ice maker market is being driven by the thriving healthcare sector. One of the major factors propelling the industry growth is the growing demand for ice in the healthcare sector to store organs and help with recovery procedures. In addition, the product is also used in microbiology, biotechnology, and genetic engineering laboratories to store biological samples, thus, assisting in the delivery of these samples to other facilities during transportation.
The changing consumer lifestyle, rising disposable incomes, and the need to store perishable products such as food and food supplies are some of the factors aiding the industry further. Large fast-food chains have been increasingly adopting this product, thus, leading to the growth of the industry globally. Moreover, the improving standard of life, along with the rapid development of the restaurant and fast foodservice industry in regions like the Asia Pacific, is propelling the growth of the ice maker industry. To meet the rising consumer demand for enhanced services, key players are increasingly investing in the product development activities, which is expected to further aid the industry growth over the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global ice maker market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion, and plant turnarounds:
- Hoshizaki America, Inc.
- Scotsman Ice Systems
- Manitowoc Ice
- Newair
- Cornelius, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use, Region |
| Breakup by Product Type | Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, Others |
| Breakup by End Use | Food Service, Retail, Healthcare, Residential, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, Cornelius, Inc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ice Maker Market Analysis
8.1 Key Industry Highlights
8.2 Global Ice Maker Historical Market (2018-2022)
8.3 Global Ice Maker Market Forecast (2023-2028)
8.4 Global Ice Maker Market by Product Type
8.4.1 Ice Cube Maker
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Ice Flake Maker
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Ice Nugget Maker
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Ice Maker Market by End Use
8.5.1 Food Service
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Retail
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Healthcare
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Residential
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Ice Maker Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Company Profiles
14.3.1 Hoshizaki America, Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Certifications
14.3.2 Scotsman Ice Systems
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Certifications
14.3.3 Manitowoc Ice
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Certifications
14.3.4 Newair
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Certifications
14.3.5 Cornelius, Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Certifications
14.3.6 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Ice Maker Market: Key Industry Highlights, 2018 and 2028
2. Global Ice Maker Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Ice Maker Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Ice Maker Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Ice Maker Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Ice Maker Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Ice Maker Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Ice Maker Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Ice Maker Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Ice Maker Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Ice Maker Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Ice Maker Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. Global Ice Maker Market Structure
Key Questions Answered in the Report
In 2020, the global ice maker market attained a value of nearly USD 4.6 billion.
The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 6.5 billion by 2026.
The major drivers of the industry, such as the thriving healthcare sector, changing consumer lifestyle, rising disposable incomes, and the need to store perishable products such as food and food supplies, are expected to aid the market growth.
The key market trend guiding the growth of the ice maker market includes the rising product development activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant product types in the industry are ice cube maker, flake maker, and nugget maker, among others.
The major end-use sectors in the industry are foodservice, retail, healthcare, and residential sectors, among others.
The major players in the industry are Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, and Cornelius, Inc., among others.
Analyst Review
The global ice maker market attained a value of USD 4.6 billion in 2020, driven by the need to store perishable products such as food and food supplies. Aided by the rising consumer demand for enhanced services, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.2%. The ice maker market is projected to reach USD 6.5 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into ice cube maker, flake maker, and nugget maker, among others. On the basis of end uses, the industry is categorised into foodservice, retail, healthcare, residential, and others. The major regional markets for ice maker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, Cornelius, Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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