Ice Maker Market Report

Market Insights

Ice maker market is likely to witness a healthy CAGR of 6% during the forecast period. The prime factors that are contributing to the demand for ice makers are the rapidly growing food & beverage industry, growing demand for ice makers in the healthcare sector, increasing demand for household ice making systems, and good growth of e-commerce industry in Asia Pacific and Latin America.

Segment Analysis

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Ice Maker Market Share: By Product Type

Based on the product type, the market is segmented as ice cube maker, ice flake maker, and ice nugget maker. The ice cube maker segment dominated the market in 2019, due to its increased use of these machines in residential and commercial segments. Also, the consumption of ice cubes along with cold alcoholic & non-alcoholic beverages increases the product sales.

Ice Maker Market Share: By Application Type

Based on the application type, the ice maker market is segmented as residential, commercial, and industrial. By application type, the commercial segment leads the market as ice maker systems form an essential part of foodservice or hospitality establishments as they maintain a constant production of clean and frozen ice.

Market Scope & Segmentation

Ice maker or ice machine is a device used for making ice in residential, commercial and industrial sectors Basic components of an ice maker includes condenser, evaporator, throttle valve, and compressor.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The ice maker market is segmented into the following categories. 

Ice Maker Market Size, Share, & Forecast, by Product Type:

• Ice Cube Maker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ice Flake Maker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ice Nugget Maker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ice Maker Market Size, Share, & Forecast, by Application Type:

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Food Service and Healthcare)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ice Maker Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major ice maker manufacturers are-

• A & V Refrigeration Corp.
• Ali Group S.p.A.
• Brema Group S.p.A.
• Cornelius, Inc.
• Direct Catering Products Ltd.
• Electrolux AB
• HOSHIZAKI CORPORATION
• Howe Corporation
• ITV Ice Makers Inc.
• kold-draft.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.