According to the latest market research study by Technavio, the global ice flaker market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global ice flaker market in terms of revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing end-user segments are discussed below
Retail: The rise in the global consumption of chilled beverages has led to a rise in the demand for flake ice maker. The global ice flaker market is expected to experience a steady growth during the forecast period. The growth can be attributed to the expansion of supermarkets and retail food chains such as ASDA, Walmart, Tesco, and Sainsbury’s worldwide.
“Moreover, the growing adoption of household refrigerators and freezers in developing countries supports the increase in the consumption of seafood and meat as its storage options facilitates convenience. This is encouraging more retail outlets to invest in ice flakers to stock and display these items,” says Abhay Sinha, a lead analyst at Technavio.
Foodservice: Ice flakers are used widely in the foodservice industry, and their demand is expected to increase during the forecast period. APAC has seen the highest expansion in retail and fast food chains. High-end restaurant chains, have more restaurants in the pipeline and are expected to be the major end-users of technologically advanced ice maker machine. Moreover, with the rise in tourism, the need to store alcoholic and non-alcoholic beverages and food in cold temperatures have also increased. All these factors are expected to drive the demand for ice maker during the forecast period.
Healthcare: With the growing focus on epidemiology and translational science, the generation and preservation of biological samples for studies and experimentation have also increased. Cryotherapy has also driven the demand for ice flakers. With advances in organ transplantation, hospitals and other healthcare facilities require crushed ice maker and intelligent diagnostics to communicate system failures, as it is important to maintain the temperature of testing and medical materials. Under-counter ice flakers have become quite popular in the healthcare segment.
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The top vendors operating in the global ice flaker market are:
- Follett
- Hoshizaki Electric
- Scotsman Ice Systems
- The Manitowoc Company
The other prominent vendors in the market include Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA, and Telstar Group.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Ice Flaker Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Refrigerated Road Transportation Market 2017-2021
- Global Walk-In Refrigerator Market 2017-2021
- Global Commercial Ice Maker Machine Market 2016-2020
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