Ice Maker Market Trend Forecast To 2025 By Top Players Electrolux, Ali Group, Hoshizaki America, ITV Ice-makers, The Middleby Corporation

In the ice maker market, the commercial segment including food service and the healthcare sector are growing at a rapid pace owing to the increasing demand for ice-making machines in restaurants, hotels, bars, hospitals, pharma companies, etc. Major ice machine manufacturers are focusing on developing energy-efficient and restaurant-specific machines to cater to the demands of various customers. The increasing demand for ice in the food service sector with different shapes and sizes is a major factor supporting the innovation of new products. To cater to the changing demand from food service, processing, and transportation sectors, manufacturers are also investing huge amounts in R&D activities.

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The growing popularity of cocktails, presentation drinks, and expensive drinks served in bars, high-end restaurants, etc., is supporting the usage of nugget ice maker globally. This type of ice is used in various cooling purposes and beverage displaying in bars, shopping malls, departmental stores, and grocery stores. Additionally, the healthcare sector including hospitals, healthcare centers, etc., is a major nugget maker machine consumer due to chewable features of nuggets and easy consumption by patients. Moreover, the development of hydrocarbon-based and technically advanced ice machines by manufacturers, such as Hoshizaki, Scotsman, Manitowoc Ice, etc., is supporting the ice maker market growth.

The increasing emergence of high-end & boutique bars that focuses on the presentation and quality will pose the demand for various ice-making machines such as square, gourmet, and large ice cubes. The changing consumer preferences are compelling manufacturers to develop a new variety of ice machines that offer ice in various shapes and sizes. The product development trends have increased the industry competition, resulting in technically advanced newer machines. Additionally, ice makers are gaining demand in residential applications in countries with high disposable incomes due to the emergence of modern homes and kitchens with in-built bars.

Ice Maker Market Growth Drivers: --

1. Rapidly developing food & beverage industry across the globe
2. The rising demand for ice makers in the healthcare industry
3. Growing demand for household ice making systems due to the rise in disposable income in North America
4. Proliferation of hospitality industry in Europe and MEA
5. Growing demand for flake ice makers from the transportation industry of Europe
6. Flourishing e-commerce industry in Asia Pacific & Latin America

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Key players operating in the ice maker market include: - A & V Refrigeration Corp., AB Electrolux, Ali Group S.p.A., Brema Group S.p.A., Cornelius, Inc., Direct Catering Products Ltd., Hoshizaki Corporation, Howe Corporation, ITV Ice Makers Inc., Kold-Draft, Manitowoc Ice (Welbilt), Middleby Corporation, North Star Ice Equipment Corporation, Whynter, LLC

Ice Maker Market By Product: -
1. Ice Cube
2. Ice Flake
3. Ice Nugget

Ice Maker Market Analysis By Application: -
1. Residential
2. Commercial

The infrastructure development of new supermarkets, hypermarkets, and restaurant chains along with the surging demand for fast food and beverages in the Middle East is fueling ice maker market growth. As per the data revealed by the International Trade Council, 20 new community shopping malls are under construction in Dubai, which are expected to be completed by 2020. Moreover, the growing tourism and events, such as FIFA World Cup 2022 in Qatar and World Expo 2020 in the UAE, are anticipated to surge the demand for food & beverages in the Middle East, providing lucrative opportunities to industry players and offering expansion opportunities.

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