Ice maker, also known as ice machine or ice generator, refers to an industrial and consumer device which produces ice. It is made of various components which include an evaporator, compressor, condenser and throttle valve. An ice maker comes in various sizes ranging from small to big as per the requirement of the consumers. In the current scenario, they are being increasingly used all over the world across different sectors. According to the latest report by IMARC Group, titled “Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global ice maker market reached a value of nearly US$ 4.1 Billion in 2017.
The global ice maker market is being primarily driven by the rising need for ice makers in numerous microbiology, genetic engineering, biochemistry and biotechnology laboratories for storing biological samples. In addition to this, the growing need for ice makers in cold compression therapies is further propelling the growth of the market. Moreover, there is a rise in fast food chains owing to sedentary lifestyles and an increase in disposable incomes which has resulted in an augmented demand for ice makers. Looking forward, the market value is projected to exceed US$ 5.9 Billion by 2023, expanding at a CAGR of more than 6.2% during 2018-2023.
Market Summary:
- Based on the product type, the market has been segmented into ice cube maker, ice flake maker, ice nugget maker and others. Amongst these, ice cube makers holds the majority of the market share due to an increase in the demand from various foodservice establishments such as quick service restaurants.
- The market has been further segregated on the basis of end use sectors which include food service, retail, healthcare and residential along with other sectors. Currently, food service dominates the market owing to the shift in consumer preferences towards fast food items.
- Region-wise, The market has been segmented as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America currently represents the largest market. This is due to a rapid rise in the demand for commercial ice makers in the healthcare and foodservice industries.
- On assessing the import and export scenario of the market, it is found that the United States is the largest importer of ice makers followed by Germany, France, the United Kingdom and Canada. On the other hand, China represents the biggest exporter followed by Mexico, Italy, the United States and Korea.
- The competitive landscape of the market has also been examined with some of the key players being Hoshizaki, Manitowoc, Scotsman, Whynter, Ice-O-Matic, Himalyan Equipment Manufacturing Co., MaxxIce, Newair, Zhejiang Litian Industrial Co. Ltd., SPT, Changshu Lingke Electric Appliance Co. Ltd., Cornelius.
This report provides a deep insight into the global ice maker market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ice maker market in any manner.
Key Questions Answered in This Report:
- How has the global ice maker market performed so far and how will it perform in the coming years?
- What are the key regions in the global ice maker market?
- Which are the popular product types in the global ice maker market?
- What are the key application segments in the global ice maker market?
- What are the import and export trends of the global ice maker market?
- What are the various stages in the value chain of the global ice maker market?
- What are the key driving factors and challenges in the global ice maker market?
- What is the structure of the global ice maker market and who are the key players?
- What is the degree of competition in the global ice maker market?
- How is ice maker manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ice Maker Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.3.1 Price Indicators
5.3.2 Price Structure
5.3.3 Margin Analysis
5.4 Market Breakup by Product Type
5.5 Market Breakup by End Use
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Ice Cube Maker
6.2 Ice Flake Maker
6.3 Ice Nugget Maker
6.4 Others
7 Market Breakup by End Use
7.1 Food Service
7.2 Retail
7.3 Healthcare
7.4 Residential
7.5 Others
8 Market Breakup by Region
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Middle East and Africa
8.5 Latin America
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Ice Maker Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Hoshizaki
11.3.2 Manitowoc
11.3.3 Scotsman
11.3.4 Whynter
11.3.5 Ice-O-Matic
11.3.6 Himalyan Equipment Manufacturing Co. (HEMCO)
11.3.7 MaxxIce
11.3.8 Newair
11.3.9 Zhejiang Litian Industrial Co. Ltd.
11.3.10 SPT
11.3.11 Changshu Lingke Electric Appliance Co. Ltd.
11.3.12 Cornelius
List of Figures
Figure 1: Global: Ice Maker Market: Major Drivers and Challenges
Figure 2: Global: Ice Maker Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Ice Maker Market: Breakup by Product Type (in %), 2017
Figure 4: Global: Ice Maker Market: Breakup by End Use (in %), 2017
Figure 5: Global: Ice Maker Market: Breakup by Region (in %), 2017
Figure 6: Global: Ice Maker Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 7: Global: Ice Maker Industry: SWOT Analysis
Figure 8: Global: Ice Maker Industry: Value Chain Analysis
Figure 9: Global: Ice Maker Industry: Porter’s Five Forces Analysis
Figure 10: Global: Ice Maker (Ice Cube) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Ice Maker (Ice Flake) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12:Global: Ice Maker (Ice Nugget) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Ice Maker Market (End-Use in Food Service): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Ice Maker Market (End-Use in Retail): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Ice Maker Market (End-Use in Healthcare): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Ice Maker Market (End-Use in Residential): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Ice Maker Market (Other End-Uses): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: North America: Ice Maker Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Europe: Ice Maker Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Asia Pacific: Ice Maker Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Middle East and Africa: Ice Maker Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Latin America: Ice Maker Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Ice Maker: Import Breakup by Country (in %), 2017
Figure 24: Global: Ice Maker: Export Breakup by Country (in %), 2017
Figure 25: Ice Maker Manufacturing: Process Flow
List of Tables
Table 1: Global: Ice Maker Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Ice Maker Market Forecast: Breakup by Product Type (in Million US$), 2018-2023
Table 3: Global: Ice Maker Market Forecast: Breakup by End-Use (in Million US$), 2018-2023
Table 4: Global: Ice Maker Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 5: Global: Ice Maker: Import Data by Country, 2017
Table 6: Global: Ice Maker: Export Data by Country, 2017
Table 7: Ice Maker: Raw Material Requirements
Table 8: Global: Ice Maker Market Structure
Table 9: Global: Ice Maker Market: Key Players