According to the latest market research study by Technavio, the global ice maker market is anticipated to grow at a CAGR of more than 8% during the estimated period 2017 to 2021.
This report by Technavio offers an exhaustive analysis of the global ice maker market regarding revenue and emerging market trends. The report also comprises an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Ice cube makers: The growing demand for ice cube makers from the foodservice industry that serves cold beverages to consumers is driving the growth of this market segment. These machines are very popular in bars, QSRs, FSRs, and hotels that serve cold beverages such as carbonated drinks, alcoholic beverages, and juices. Furthermore, these machines are equipped to make various sizes of ice cubes, which includes full cubes, half cubes, and regular cubes.
“The massive expansions of restaurants, juice bars, and hotels in emerging countries in the APAC will fuel the demand for ice cube markers in this region. Leading fast-food chains are expanding their business to these regions to boost the sales of these machines in the market. The leading vendors in the market are offering both countertop and floor model ice cube makers with different sizes to increase their consumer base,” says Manu Gupta, a lead analyst at Technavio for research on home, kitchen, and large appliances.
Ice flake makers: The rising number of number of retail stores across the world is driving the growth of this market segment. The ice flakes machines find application in supermarkets, hypermarkets, convenience stores, and butcher shops to display the fresh meat, seafood, and fish. Moreover, these ice flakes are easy to mold into any shapes and is used by foodservice establishments to serve salad and blended drinks.
Ice nugget makers: The increasing demand for blended beverages will enable foodservice establishments to expand around the globe and boost the sale of ice makers in the global market. The ice nugget maker is used by the foodservice establishments, which serves blended beverages such as smoothies, juices, and shakes. The vendors are launching new machines that have a production capacity in the range of 200 pounds-600 pounds to increase their revenues.
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The top vendors operating in the global ice maker market are:
- Hoshizaki
- Ice-O-Matic
- Manitowoc Ice
- Scotsman Ice Machines
The other leading vendors in the market include Bionics Scientific Technologies, Brema Ice Makers, Cornelius, Electrolux, Follett, Howe, KOLD-DRAFT, MAJA, and Telstar.
A more detailed breakdown is available in the Technavio report titled, ‘Global Ice Maker Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
Other related reports:
- Global Commercial Ice Maker Machine Market 2016-2020
- Ice Cream Market in the US 2016-2020
- Global Commercial Refrigeration Market 2016-2020
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