Global Ice Maker Market to Reach US$ 7.3 Billion by 2032, Impelled by Rising Demand Across Food and Beverage Industry

October 05, 2018 | Technology & Media

According to the latest report by IMARC Group, titled "Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global ice maker market reached a value of US$ 5.1 Billion in 2023. An ice maker refers to a consumer appliance that is used for preparing ice cubes. It is widely equipped in refrigerators or industrial machines for producing ice on a large scale. It is usually integrated with a condenser, compressor, electric motor, evaporator, expansion valve and heating elements. Some of the popular ice maker variants available include portable and countertop, built-in and undercounter, modular and self-contained machines. Due to the easy availability of the product via offline and online organized retail channels, it is gaining widespread prominence among the masses.

Global Ice Maker Market Trends:

The global market is primarily driven by the rising demand for the product across the food and beverage (F&B) industry. This is supported by the escalating consumption of chilled non-alcoholic and alcoholic beverages among the masses. Along with this, significant growth in the hospitality sector and the proliferation of pubs and bars, full-service restaurants and quick-service food joints have provided a boost to the sales of ice makers across the globe. Moreover, the widespread utilization of the product for storing organs, vaccines and medicines in the healthcare industry is acting as another growth-inducing factor. In line with this, the increasing adoption of ice makers across biotechnology and genetic engineering laboratories for storing biological samples is further contributing to the market growth. Additionally, multiple leading players are heavily investing in incorporating innovative features with ice makers, which is creating a positive market outlook. Other factors, including continual technological advancements in the manufacturing processes, the increasing number of diagnostic centers and laboratories, continual improvements in the healthcare infrastructure and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 7.3 Billion by 2032, growing at a CAGR of 4.1% during 2024-2032.

Market Summary:

On the basis of the product type, the market has been segmented into ice cube maker, ice flake maker, ice nugget maker and others. Among these, ice cube maker accounts for the largest market share.
Based on the end-use sector, the market has been segmented into foodservice, retail, healthcare, residential and others. Currently, foodservice sector represents the leading market segment.
On the basis of the regional insights, the market has been divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Presently, North America holds the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Hoshizaki Corporation, The Manitowoc Company, Inc., Scotsman Industries, Inc., Whynter LLC, Ice-O-Matic (Mile High Equipment LLC), Himalyan Equipment Manufacturing Co. (HEMCO), MaxxIce (The Legacy Companies), NewAir, Zhejiang Litian Industrial Co. Ltd., Sunpentown (SPT) Inc., Changshu Lingke Electric Appliance Co. Ltd. and Cornelius, Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type End Use Sector Region
Product Types Covered	Ice Cube Maker, Ice Flake Maker, Ice Nugget Maker, Others
End Use Sectors Covered	Foodservice, Retail, Healthcare, Residential, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Hoshizaki Corporation, The Manitowoc Company, Inc., Scotsman Industries, Inc., Whynter LLC, Ice-O-Matic (Mile High Equipment LLC), Himalyan Equipment Manufacturing Co. (HEMCO), MaxxIce (The Legacy Companies), NewAir, Zhejiang Litian Industrial Co. Ltd., Sunpentown (SPT) Inc., Changshu Lingke Electric Appliance Co. Ltd., Cornelius, Inc., etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Ice Maker Market to Reach US$ 7.3 Billion by 2032, Impelled by Rising Demand Across Food and Beverage Industry

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.