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Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global ice maker market reached a value of US$ 4.8 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

An ice maker, also known as an ice generator or ice machine, is an appliance that is used for producing ice in both the residential and commercial sectors. It is manufactured using various components, which include motors, compressors, condensers, evaporators, throttle valves and heating elements. Among these, the compressor cold compresses the low-pressure vapor to high-pressure vapor and directs it to the condenser. The condenser helps in condensing the high-pressure vapor into the high-pressure liquid, which is then drained out through the throttle valve. The liquid is then sent towards the evaporator wherein heat exchange takes place and results in the formation of ice.

 

 
 

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One of the significant factors catalyzing the market growth include the rising demand for ice in the healthcare sector for storing organs and aiding rehabilitation procedures. Besides this, ice makers are also utilized in microbiology, biochemistry, biotechnology and genetic engineering laboratories to store biological samples and assist the transportation of these samples to other facilities. The growing popularity of cryotherapy (cold therapy) is further impelling the market growth. Additionally, there is an increase in the demand for the product in the food and beverage (F&B) industry, owing to the burgeoning sales of processed foods and inflating income levels of the individuals. This escalation in demand can also be accredited to the easy availability of ice makers in different sizes, depending on the requirements of the consumers. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ice maker market, along with forecasts for growth at the global, regional, and country-level from 2021-2026. Our report has categorized the market based on region, product type, and end-use sector.

Breakup by Product Type:

 

 
 

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  • Ice Cube Maker
  • Ice Flake Maker
  • Ice Nugget Maker
  • Others


Ice cube maker represents the most preferred product type as it produces rhomboid cubes which are utilized in various restaurants.

Breakup by End-Use Sector:

  • Foodservice
  • Retail
  • Healthcare
  • Residential
  • Others


At present, ice makers find myriad applications in the foodservice sector. This can be attributed to the rise in the frequency of eating-out at cafes, hotels and restaurants by the urban populace.

Regional Insights:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


On the geographical front, North America represents the largest market. On assessing the import and export scenario of the market, it is found that the United States represents the largest importer of ice makers, whereas China is the biggest exporter.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

  • 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.


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 market?
  • What has been the impact of COVID-19 on the global ice maker market?
  • Which are the popular product types in the market?
  • What are the major end use sectors in the market?
  • What are the price trends of ice makers?
  • 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 are the import and export trends of 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 are ice makers 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    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Margin Analysis
    5.5    Market Breakup by Product Type
    5.6    Market Breakup by End Use Sector
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturers
        5.10.5    Distributors and Exporters
        5.10.6    Retailers
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6   Market Breakup by Product Type
    6.1    Ice Cube Maker
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ice Flake Maker
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Ice Nugget Maker
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4     Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by End Use Sector
    7.1    Foodservice
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Retail
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Healthcare
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Residential
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Europe
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Middle East and Africa
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Latin America
        8.5.1 Market Trends
        8.5.2 Market Forecast
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 Corporation
        11.3.2    The Manitowoc Company, Inc.
        11.3.3    Scotsman Industries, Inc.
        11.3.4    Whynter LLC
        11.3.5    Ice-O-Matic (Mile High Equipment LLC)    
        11.3.6    Himalyan Equipment Manufacturing Co. (HEMCO) 
        11.3.7    MaxxIce (The Legacy Companies)
        11.3.8    NewAir
        11.3.9    Zhejiang Litian Industrial Co. Ltd. 
        11.3.10    Sunpentown (SPT) Inc.
        11.3.11    Changshu Lingke Electric Appliance Co. Ltd.   
        11.3.12    Cornelius, Inc.

List of Figures

Figure 1: Global: Ice Maker Market: Major Drivers and Challenges
Figure 2: Global: Ice Maker Market: Sales Value (in Billion US$), 2015 - 2020
Figure 3: Global: Ice Maker Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Ice Maker Market: Breakup by End Use Sector (in %), 2020
Figure 5: Global: Ice Maker Market: Breakup by Region (in %), 2020
Figure 6: Global: Ice Maker Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Ice Maker Market: Price Structure (US$/Unit)
Figure 8: Global: Ice Maker Industry: SWOT Analysis
Figure 9: Global: Ice Maker Industry: Value Chain Analysis
Figure 10: Global: Ice Maker Industry: Porter’s Five Forces Analysis
Figure 11: Global: Ice Maker (Ice Cube) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Ice Maker (Ice Cube) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Ice Maker (Ice Flake) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Ice Maker (Ice Flake) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Ice Maker (Ice Nugget) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Ice Maker (Ice Nugget) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Ice Maker (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Ice Maker (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Ice Maker (End-Use in Foodservice Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Ice Maker (End-Use in Foodservice Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Ice Maker (End-Use in Retail Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Ice Maker (End-Use in Retail Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Ice Maker (End-Use in Healthcare Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Ice Maker (End-Use in Healthcare Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Ice Maker (End-Use in Residential Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Ice Maker (End-Use in Residential Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Ice Maker (Other End-Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Ice Maker (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Ice Maker Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Ice Maker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Europe: Ice Maker Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Europe: Ice Maker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia Pacific: Ice Maker Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia Pacific: Ice Maker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Middle East and Africa: Ice Maker Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Middle East and Africa: Ice Maker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Latin America: Ice Maker Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Latin America: Ice Maker Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Ice Maker: Import Breakup by Country (in %), 2018
Figure 40: Global: Ice Maker: Export Breakup by Country (in %), 2018
Figure 41: Ice Maker Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Ice Maker Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Ice Maker Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Ice Maker Market Forecast: Breakup by End-Use Sector (in Million US$), 2021-2026
Table 4: Global: Ice Maker Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Ice Maker: Import Data by Country, 2018
Table 6: Global: Ice Maker: Export Data by Country, 2018
Table 7: Ice Maker Manufacturing: Raw Material Requirements
Table 8: Global: Ice Maker Market: Competitive Structure
Table 9: Global: Ice Maker Market: Key Players

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