This market research report includes a detailed segmentation of the ice maker market by end-users (food and services, healthcare, retail outlets/grocery stores, and residential users) and by type (ice cube, ice flake, and ice nugget). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. A comprehensive analysis of the leading vendors such as Manitowoc, Hoshizaki, Scotsman, and Ice-O-Matic is also included.
Technavio’s market research analysts estimate the global ice maker market to grow at a CAGR of around 8% between 2015 and 2019. Expansion of fast food chains across the globe is primarily driving this market’s growth. The Americas dominate the global ice maker market, occupying 38% of the total market share. Much of this region’s growth can be attributed to the presence of established supermarkets and retail chains. The ice maker machines are predominantly used in the medical and food services industry in this region.
The new market research report from Technavio provides a breakdown and analysis of the ice makers segments by technology.
“Market vendors are hugely investing in various R&D approaches to increase the operational life of ice makers. Companies are experimenting on various types of evaporator plates to increase machine life and reliability of ice makers. Recently, Hoshizaki has introduced plates made of stainless steel to increase the durability of ice makers. Vendors are also introducing machines that are waterproof and dirt and corrosion resistant, with a UV disinfection system,” says Sriram Mohan, Lead Analyst, Food & Retail, Technavio Research.
Ice cube makers dominate the ice maker market, covering around 39% of the total market. Rising number of restaurants across the globe, have triggered the demand for ice cube makers. Besides, residential and food and services industries, ice cubes are used in grocery stores for cold storage purpose. This is expected to be the fastest growing segment in the market during the forecast period, posting a market growth rate of 8%.
The key vendors in the global ice maker market include Manitowoc, Hoshizaki, Scotsman, and Ice-O-Matic. Competition in this market is based on brand recognition, quality of the product, innovation, performance, and price. Diversified vendors are estimated to have a competitive advantage over other companies as they can offer a broad range of service at a competitive price.
A more detailed analysis is available in the Technavio report, Global Ice Maker Market 2015-2019 – Market Research.
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