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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ice Maker Market Size
The global ice maker market 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.
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.
Ice Maker Market Report Snapshots
*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.*
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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.
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