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Ice Maker Market

Global Ice Maker Market Size, Share, Trends, Forecast: By Product Type: Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, Others; By End Use: Food Service, Retail, Healthcare, Residential, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Ice Maker Market Outlook

The global ice maker market size was nearly USD 5.52 billion in 2023. The industry is further expected to grow at a CAGR of 5.9% over the forecast period of 2024-2032 to attain a value of USD 9.23 billion by 2032.

 

Global Ice Maker Market

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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.

 

Ice Maker Market by End Use

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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.

 

Ice Maker Market by Region

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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. 

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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    Opportunities and Challenges in the Market
8    Global Ice Maker Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ice Maker Historical Market (2018-2023) 
    8.3    Global Ice Maker Market Forecast (2024-2032)
    8.4    Global Ice Maker Market by Product Type
        8.4.1    Ice Cube Maker  
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Ice Flake Maker 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Ice Nugget Maker  
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Ice Maker Market by End Use
        8.5.1    Food Service    
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Retail  
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Healthcare  
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Residential  
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others   
    8.6    Global Ice Maker Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Ice Maker Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Ice Maker Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Ice Maker Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Ice Maker Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Ice Maker Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis 

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Hoshizaki America, Inc.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Scotsman Ice Systems
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Manitowoc Ice
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Newair
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Cornelius, Inc.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Ice Maker Market: Key Industry Highlights, 2018 and 2032
2.    Global Ice Maker Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Ice Maker Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Ice Maker Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Ice Maker Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Ice Maker Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Ice Maker Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Ice Maker Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Ice Maker Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Ice Maker Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Ice Maker Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Ice Maker Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Ice Maker Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2023, the global ice maker market attained a value of nearly USD 5.52 billion. 

The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.23 billion by 2032. 

The major drivers of the market are the thriving healthcare sector, changing consumer lifestyles, and the rising focus to store perishable products such as food for a longer period of time.

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.

Analyst Review

The global ice maker market attained a value of USD 5.52 billion in 2023, 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 2024-2032, growing at a CAGR of 5.9%. The ice maker market is projected to reach USD 9.23 billion by 2032. 

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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