According to a comprehensive research report by Axiom Market Research & Consulting Global Ice Maker Market has been witnessing significant growth in recent years, driven by the increasing demand for ice makers in various commercial and residential applications. Ice makers are commonly used in restaurants, bars, hotels, hospitals, and other places where ice is required for food storage and preparation, drinks, and medical purposes. Moreover, the rising popularity of cold beverages, frozen desserts, and cocktails is also boosting the demand for ice makers in households and small businesses.

 

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ICE MAKER MARKET DRIVERS

 

The increasing sedentary lifestyle owing to the growing jobs in the service sector in emerging economies like China and India, has led to the development and growth of the food service industry. The food service industry has evolved owing to the rise in the trend of eating away from home. The use of advanced techniques and technologies has also helped the food service providers increase their production and streamline their activities to enhance overall efficiency. The increase in the millennial working population, changing preferences for ready-to-eat foods, and the growing need for customized and newer food and chilled beverage options have propelled the demand for ice makers in the foodservice industry. Also, the growing demand for storing predictable food and serving chilled beverages to customers has led to increasing demand for products from the food service industry globally. The continuous population growth, rapid urbanization, and increasing disposable income are among the significant factors expected to positively influence the demand for ice makers globally. Besides, the increasing consumption of ice cubes in bars is likely to drive the market growth. The rising popularity of alcoholic beverages, such as whiskey, and an increasing number of people have started to opt for chilled drinks, thereby driving the ice maker demand. The icemaker is used to lower the whiskey's temperature a few notches, making it more palatable.

 

ICE MAKER MARKET OPPORTUNITIES

 

The increasing expenditure on the healthcare system by various governments across the globe in the wake of the recent coronavirus outbreak is expected to drive the demand for ice makers in hospitals. The expansion of the healthcare industry and growing investments in the public and private healthcare industries are projected to stimulate growth. One of the major factors propelling the industry's growth is the growing demand for ice in the healthcare sector to store organs and help with recovery procedures. Ice is used for organ storage, as if the cells and tissues of the organ breakdown too much, the organ will not function properly, or at all. To slow the breakdown, organs are rinsed with a preservation solution and cooled to a temperature between 32-9 degrees Fahrenheit. This process delays the breakdown of cells and creates a window of time during which the organ can be outside of the body without causing irreversible damage. Further, the growing healthcare industry is fuelling the adoption of ice makers for healing and treatment applications. The increasing utilization of ice in cold therapy is one of the major factors augmenting the ice maker’s industry.

 

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ICE MAKER MARKET RESTRAINTS

 

However, the high price of the product restrains market growth. For instance, the pellet ice makers on the market are made for commercial settings like restaurants and gas stations. As such, they have to produce enough ice to satisfy hundreds of customers a day. That kind of capacity calls for a large, heavy, well-insulated machine, which imposes a substantial material cost.

 

COVID-19 IMPACT ANALYSIS ON GLOBAL ICE MAKER MARKET

 

The COVID-19 pandemic has had a significant impact on the global ice maker market. With the imposition of lockdowns and restrictions on travel and hospitality, the demand for ice makers has been severely affected. The closure of restaurants, bars, and hotels has led to a decline in the demand for commercial ice makers, which are a major segment of the market.

However, the pandemic has also led to an increase in the demand for residential ice makers as more people are staying at home and consuming food and beverages indoors. This has helped to partially offset the decline in the commercial segment. Moreover, the rising awareness about hygiene and cleanliness has led to an increase in the adoption of self-contained ice makers, which do not require human contact for ice dispensing.

 

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ICE MAKER MARKET SEGMENTAL OVERVIEW

The ice maker market can be segmented based on product type, end-use application, and geography. Based on product type, the market can be further segmented into modular ice machines, self-contained ice machines, undercounter ice machines, and countertop ice machines. End-use applications of ice makers include the food and beverage industry, healthcare facilities, hospitality and tourism, residential, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These segments offer insights into the market trends and opportunities specific to each category, helping manufacturers and marketers to tailor their products and strategies to meet the unique demands of each segment.

 

ICE MAKER MARKET BY TYPE

 

·         Cube

·         Tube

·         Flake

·         Block

·         Others

 

ICE MAKER MARKET BY CONDENSING UNIT TYPE

 

·         Air-Cooled

·         Water-Cooled

·         Remote Cooled

·         Others

 

ICE MAKER MARKET BY APPLICATION

 

·         Food Service

·         Healthcare

·         Chemical Industry

·         Others

 

ICE MAKER MARKET BY GEOGRAPHY

 

The ice maker market is segmented into various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is the largest market for ice makers, owing to the presence of a large number of food and beverage establishments and the growing demand for packaged food and beverages. The Asia Pacific region is expected to witness the highest growth in the ice maker market, driven by the increasing demand for ice makers in emerging economies such as China and India.

 

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MARKET KEY PLAYERS

 

·         A&V Refrigeration

·         Patkol

·         Morris and Associates

·         Fujian Snowman

·         CBFI

·         Focusun

·         RECOM

·         AB Electrolux

·         Ali Group

·         BREMA GROUP S.p.A.

·         Hoshizaki Corporation

·         Gurdev Icecans Refrigeration Industries

·         Chirag Ice Factory Pvt Limited

·         Mello

·         ZIEGRA

·         Eismaschinen GmbH

·         Middleby Corporation

·         Shenzhen Brother Ice System

·         Icetro America

·         Manitowoc Ice

·         Tamutom

 

RECENT DEVELOPMENT:

 

September 2022: Shenzhen Brother Ice System (ICESTA) has successfully tested the First one-stop Integrated Ground Refrigeration Supply System for High-speed Rail Project, which consists of (316L stainless steel) flake ice plants with automatic ice storage & delivery & Slurry ice mixing system.

 

September 2022: CBFI has opened a new ice plant with 50T flake ice rake automatic system. The project is located in Morocco. Morocco is extremely rich in fishery resources. The export of sardines ranks first in the world, and it is the largest fish-producing country in Africa. The solution system we provide to customers integrates automatic ice making, ice storage.