Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Ice Maker Market Outlook

The global ice maker market size was nearly USD 5.52 billion in 2023. The industry is further expected to grow at a CAGR of 5.9% over the forecast period of 2024-2032 to attain a value of USD 9.23 billion by 2032.

Global Ice Maker Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The global ice maker market is being driven by the growing healthcare sector coupled with the increased government investment in the development of healthcare infrastructure. The ice cube maker segment, among other product types, dominates the market owing to the production of rhomboid cubes, which are widely used in various restaurants globally. The product finds extensive applications in the foodservice sector, which accounts for a significant market share. The growth of this segment can be attributed to the increased consumer preference for eating-out at cafes, hotels, and restaurants, particularly the urban populace.

Region-wise, North America is the leading market for the product, accounting for the majority of the industry share. In terms of import and export scenarios, the United States is the largest importer of ice makers, and China is the biggest exporter. The United States is followed by Germany, France, the United Kingdom, and Canada as the significant importers while China is followed by Mexico, Italy, the United States, and Korea as the significant exporters.

Market Segmentation

An ice maker or ice generator, also known as an ice machine, is a dedicated tool used in both the residential and commercial sectors for the generation of ice. This utility item involves the incorporation of various components, including compressors, condensers, evaporators, motors and heating elements, among others. The product is available in different sizes, ranging from small to large, based on the requirement of the consumer.

Ice Maker Market by End Use

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on product-type, the industry is divided into:

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

On the basis of end-use sector, the industry is segmented into:

  • Foodservice
  • Retail
  • Healthcare
  • Residential
  • Others

The report also covers the regional ice maker markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Ice Maker Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis 

The global ice maker market is being driven by the thriving healthcare sector. One of the major factors propelling the industry growth is the growing demand for ice in the healthcare sector to store organs and help with recovery procedures. In addition, the product is also used in microbiology, biotechnology, and genetic engineering laboratories to store biological samples, thus, assisting in the delivery of these samples to other facilities during transportation.  

The changing consumer lifestyle, rising disposable incomes, and the need to store perishable products such as food and food supplies are some of the factors aiding the industry further. Large fast-food chains have been increasingly adopting this product, thus, leading to the growth of the industry globally. Moreover, the improving standard of life, along with the rapid development of the restaurant and fast foodservice industry in regions like the Asia Pacific, is propelling the growth of the ice maker industry. To meet the rising consumer demand for enhanced services, key players are increasingly investing in the product development activities, which is expected to further aid the industry growth over the forecast period.

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global ice maker market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion, and plant turnarounds:

  • Hoshizaki America, Inc.
  • Scotsman Ice Systems  
  • Manitowoc Ice
  • Newair
  • Cornelius, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End Use
  • Region
Breakup by Product Type
  • Ice Cube Maker
  • Ice Flake Maker
  • Ice Nugget Maker
  • Others
Breakup by End Use
  • Food Service
  • Retail
  • Healthcare
  • Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hoshizaki America, Inc.
  • Scotsman Ice Systems  
  • Manitowoc Ice
  • Newair
  • Cornelius, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Ice Maker Market Report Snapshots

Ice Maker Market Size

Ice Maker Market Analysis

Ice Maker Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

In 2023, the global ice maker market attained a value of nearly USD 5.52 billion. 

The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.23 billion by 2032. 

The major drivers of the market are the thriving healthcare sector, changing consumer lifestyles, and the rising focus to store perishable products such as food for a longer period of time.

The key trends guiding the growth of the market includes the rising product development activities by key players and rising disposable incomes.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types considered in the market are ice cube maker, ice flake maker, and ice nugget maker, among others.

The major end uses in ice maker are food service, retail, healthcare, and residential, among others.

The major players in the  global ice maker market are Hoshizaki America, Inc., Scotsman Ice Systems, Manitowoc Ice, Newair, and Cornelius, Inc., among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124