Ice Makers Market Research Report and Growth Analysis 2022 by Type (Modular Ice Maker, Undercounter Ice Maker Countertop Ice Maker, and Ice Dispenser), End-Use (Residential and Commercial), Distribution Channel (Store Based and Non-Stored Based), and Region (North America, Asia-Pacific, Europe, and Rest of the World) —Forecast till 2030
Ice Makers Market Overview
According to the analysis reports by MRFR, the global market for ice makers is predicted to thrive considerably during the review era from 2022 to 2030 at a healthy growth rate of approximately 4.07%. The report further anticipates the market is likely to attain a size of around USD 3,165.1 million by the end of 2030.
An ice maker is also called an ice machine or ice generator. The global market for ice makers has demonstrated a massive expansion in recent times owing to the aspects such as increasing use of ice makers in households, growth of the food service industry, product innovation, and increasing investments in R&D. On the other hand, the need for high initial investments may limit the market’s performance.
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Ice Makers Market Segment Analysis
The global market for ice makers has been fragmented into segments based on distribution channel, end-user, type, and region.
Based on the type, the global market for ice makers are split into ice dispensers, under-counter ice makers, countertop ice makers, and modular ice makers.
Based on the end-users, the global market for ice makers is divided into residential and commercial.
Based on the distribution channel, the global ice makers market is categorized into non-store-based and store-based.
Ice Makers Market Regional Analysis
The global market for ice makers is analyzed across five critical geographies: Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa.
According to the research reports by MRFR, the North American region secured the top position across the global market for ice makers in 2021, with the most significant share contribution of approximately 35.64%. The report further anticipates the regional market to thrive considerably during the assessment era at a healthy growth rate of around 3.95%. The region has Mexico, Canada, and the US as the leading growth contributors. The presence of a well-established food service industry with a massive number of restaurants & bars is considered to be the primary aspect causing an upsurge in the regional market. Furthermore, the growing consumption of alcoholic and other beverages, the presence of a broad consumer base, and expanding product portfolios of manufacturers are also likely to catalyze the growth of the regional market over the coming years.
The European regional market for ice makers secured the second position globally in 2021. The report further anticipates the regional market to thrive considerably during the assessment era from 2022 to 2030 at a healthy growth rate of approximately 4.20%. The regional market accounted for nearly 33.05% of the net market share in 2021. The regional market’s growth is ascribed to aspects such as the launch of premium products and increasing expenditure on home appliances. The region has Germany as the leading growth contributor. In addition, expanding the pharmaceutical industry across the region is also predicted to catalyze the growth of the regional market over the coming years.
The Asia-Pacific regional market for ice makers is likely to show the highest growth rate of approximately 4.48% during the review era.
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Ice Makers Market Competitive Analysis
The global market for ice makers has a robust and competitive landscape. The players across the global market are implementing several new growth policies, such as mergers, acquisitions, partnerships, etc., to strengthen their market footprint. The catalog for the leading participants across the global market for ice makers includes players such as ITV Ice Maker (US), Fagor Industrial (Spain), Website (US), Hoshizaki (Japan), Direct Catering Products (England), and Marel. (Iceland), ITV Ice Maker (US), Fagor Industrial (Spain), Welbilt Inc. (US), Cornelius, Inc. (US), NewAir (US), Hoshizaki Corporation (Japan), Direct Catering Products (England), North Star Equipment (US), Koller refrigeration & Equipment (Hong Kong), and several others.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 GLOBAL ICE MAKER MARKET, BY TYPE 15
1.1.2 GLOBAL ICE MAKER MARKET, BY END USE 16
1.1.3 GLOBAL ICE MAKER MARKET, DISTRIBUTION CHANNEL 17
1.1.4 GLOBAL ICE MAKER MARKET, BY REGION 18
2 MARKET INTRODUCTION 19
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 20
2.5 KEY BUYING CRITERIA 20
3 RESEARCH METHODOLOGY 21
3.1 RESEARCH PROCESS 21
3.2 PRIMARY RESEARCH 22
3.3 SECONDARY RESEARCH 23
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 25
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 26
4 MARKET DYNAMICS 27
4.1 INTRODUCTION 27
4.2 DRIVERS 28
4.2.1 GROWTH OF THE FOODSERVICE INDUSTRY 28
4.2.2 INCREASING HOUSEHOLD USE 28
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