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Report Overview
The global ice maker market was valued at USD 6.20 Billion in 2025. The industry is expected to grow at a CAGR of 5.90% during the forecast period of 2026-2035 to reach a value of USD 11.00 Billion by 2035.
The continuous growth of the ice maker market can be attributed to automation, energy efficiency, and rising demand across hospitality and healthcare. The market is evolving beyond traditional cold chain utility and entering sectors like medical cryogenics and smart vending. According to the U.S. Energy Department, next-gen commercial models are 30% more energy-efficient, reflecting government-backed eco-initiatives. The EU’s EcoDesign directive has also pushed manufacturers toward integrating low-GWP refrigerants, influencing purchasing decisions among institutional buyers.
In Asia Pacific, India's Ministry of Food Processing Industries is funding cold storage chains that include automated ice production facilities, aiding local seafood exporters, fuelling the ice maker market development. In Japan, IoT-enabled ice makers are being used in high-precision pharma logistics. Such integrations of real-time monitoring and predictive maintenance are pushing the boundaries of how these machines are used. As remote diagnostics become a norm, ice maker is becoming a part of smart infrastructure. With custom-size ice shaping and modular stackable designs gaining traction, manufacturers are innovating for specific client verticals.
The thriving food and beverage industry significantly contributes to demand for ice makers, particularly in restaurants, cafes, and bars that require a consistent supply of ice for beverages. Major chains like McDonald's and Starbucks rely heavily on commercial ice makers to meet customer needs for cold drinks and iced coffees. Additionally, the healthcare sector's increasing requirement for ice in applications such as cold therapy and transporting medical supplies further boosts market growth. Innovations such as smart ice makers from brands like Whirlpool, which offer app connectivity for monitoring ice production, are attracting tech-savvy consumers, leading to further growth in the market.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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In Kenya, the hospitality sector is rapidly expanding due to a surge in tourism and business travel. Hotels such as the Sankara Nairobi are upgrading their facilities with modern ice machines to meet guests' demands for chilled beverages. This trend reflects a broader movement within the hospitality industry to enhance guest experiences through improved amenities. As hotels and restaurants invest in high-quality ice makers, the market is expected to benefit significantly.
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In the United States, the restaurant industry is anticipated to reach USD 1 trillion in sales by 2024, which will greatly increase the demand for ice makers. The food service sector, including restaurants, bars, and cafes, is a major consumer of ice-making equipment. As dining out becomes more prevalent and consumers seek refreshing beverages, the need for reliable ice production will drive growth in this ice maker market segment. The food service industry's expansion is expected to significantly contribute to overall market growth, as establishments require efficient solutions for ice production to enhance their service offerings.
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In terms of exports and imports, the United States stands as the largest importer of ice makers, while China is recognised as the biggest exporter. This dynamic indicates a strong global supply chain for ice-making equipment, with China capitalising on its manufacturing capabilities to meet international demand. The trade relationships between these two countries are crucial for maintaining supply levels in various markets, particularly as demand for both residential and commercial ice makers continues to rise.
Competitive Landscape
The ice maker market players are increasingly focusing on integrating predictive analytics, plug-and-play modules, and sanitation technologies. A key shift is the development of decentralised and mobile units for disaster zones and field clinics. Firms are also tailoring solutions for industry-specific needs from UV-sanitised flakes for blood banks to ultra-clear cubes for fine dining. OEMs are partnering with software firms to enable remote diagnostics and automatic refill triggers.
Another growth lever is geographic customisation. Ice maker companies are releasing region-specific models that align with climate profiles, power stability, and water quality. Additionally, aftermarket services such as AI-led maintenance contracts and sustainability audits are gaining traction. Leasing options for small businesses and startups are also on the rise, allowing cash-strapped players to access premium machines. These developments show that the competitive focus is shifting from just production capacity to service ecosystems, sustainability compliance, and client-specific configurations.
Key Players
Hoshizaki America, Inc.
Founded in 1981 and based in California, United States, Hoshizaki America, Inc. is a prominent manufacturer specialising in ice machines and refrigeration products. The company is recognised for its commitment to quality and innovation, producing a wide range of commercial ice makers, dispensers, refrigerators, and related products.
Scotsman Ice Systems
Founded in 1950, Scotsman Ice Systems is one of the largest manufacturers of ice-making machines globally, known for pioneering the development of affordable and reliable ice machines. The company introduced nugget ice to the market and has since expanded its product line to include over 300 models of ice machines and dispensers.
Manitowoc Ice
Manitowoc Ice is a division of The Manitowoc Company, which was founded in 1902. The Manitowoc Ice division produces high-quality ice machines designed for foodservice applications and is known for its reliability and performance.
Newair
Newair, established in 2002 and headquartered in California, United States focuses on compact, portable ice makers for residential and small business use. Their AI-integrated ‘ClearIce40’ model supports self-cleaning, smart refill alerts, and sleek countertop designs tailored for luxury suites and boutique cafes.
Another key player in the market is Cornelius, Inc, among others.
Ice Maker Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the ice maker market reached an approximate value of USD 6.20 Billion.
The market is projected to grow at a CAGR of 5.90% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 11.00 Billion by 2035.
Key strategies driving the market include expanding eco-friendly portfolios, embedding IoT features, forming partnerships with healthcare and retail chains, and customising units for geography-specific demand while offering AI-powered maintenance support.
The key trends guiding the growth of the market includes the rising product development activities by key players and rising disposable incomes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product types considered in the market are ice cube maker, ice flake maker, and ice nugget maker, among others.
The major end uses in ice maker are food service, retail, healthcare, and residential, among others.
The major players in the global ice maker market are Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, and Cornelius, Inc., among others.
The key challenges are regulatory compliance around refrigerants, high maintenance costs, and inconsistent water quality in emerging markets.
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