The global ice maker market is anticipated to grow at a significant CAGR of around 5.7% during the forecast period. The rapid growth in food and beverages and healthcare industry globally is the major factor likely to drive the market growth. The growing healthcare industry is increasing in demand and adoption of ice makers for healing and treatment applications. The ice machines are used to produce hazard-free and fresh ice to store organs for a long period also there is an increase in the use of ice in cold compression therapy, tissue, and organ transplantation are the factors driving the ice maker market. Additionally, to reduce water consumption and electricity in the healthcare industry there will be an increase in the need of energy-efficient ice machines. For instance, In April 2020, Hoshizaki has equipped orders for essential sites including hospitals so that patients stay hydrated and healthy. Hospitals heavily depend on ice for patient care that includes, ice or machines are used to reduce swelling, keep patients hydrated, store perishables, and for organ cooling and transportation. However, with the rise in demand of ice makers there is also an increase in the price of ice machines that would hamper the market growth.

Impact of COVID-19 Pandemic on Global Ice Maker Market

COVID-19 has impacted the icemaker market, among the end-users segment of icemaker such as food service, retail, healthcare industry, residential and among others have faced decline due to restriction, de-globalization, restriction on import and export of products all these factors impacted market growth. Meat producers faced various challenges in processing, and distribution facilities due to unavalbility of industrial ice makers and travel restrictions. Moreover, there was a fall in hospitality and restaurant industrythat resulted in a reduction in demand for processed food items.

Segmental Outlook 

The global ice maker market is segmented based on the product type, and end-user. Based on the product, the market is segmented into ice cube maker, ice flake maker, ice nugget maker, among others, and based on the end-user, the market is sub-segmented into the food service, retail, healthcare, residential, and others. Among the end-user segment, residential segment is projected to show notable growth in the market due to rising adoption of portable ice makers in residential sector. 

Global Ice Maker  Market Share by Product Type, 2020 (%)

The Ice Cube Maker Segment Poised to Ragister Significant Growth Rate in the Global Ice Maker Market

Among the product type, the ice cube market is dominating the market as it comes in small and medium-size that is comfortable for consumers to use in any kind offood & beverages.. Additionally the use of gourmet ice cubes in consumption with non-alcoholic and alcoholic beverages at hotels, restaurants, homes, and others. For instance, In June 2019, Scotsaman a modular ice cube machine named MXC938. It produces 400kg crystal clear gourmet ice cubes per day, that last longer and do not dilute the drink. This model is reliable, compact, and has a lower carbon footprint. 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 segment further.

Regional Outlooks

The global ice maker market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America).  North America is dominating the global ice maker market,  the US is the largest importer of ice maker followed by Europe due to the increased in demand for frozen foods in the region is high for that ice makers are mostly used. 

Global Ice Maker  Market Growth, by Region 2021-2027

The Asia-Pacific Region is estimated to be the Fastest Growing in the Global Ice Maker Market

The Asia Pacific is expected to be the fastest growing due to the demand for commercial ice maker machines is increasing owing to various expansions of retail chains and stores in the region and also rapid expansion of the foodservice industry. Growing transportation and trade activities of meat and seafood products in the Asia-Pacific is driving in the adoption of commercial fake ice machines. According to data published by Food and Agriculture Organizations of the United Nations in 2020, in 2018, Asia Pacific dominated the production of seafood products with an 89% share of the total production and China captured about 57.9% of the global seafood industry share in 2018. China is dominating in the Asia-Pacific due to easy availability and reasonable rates of ice market in the region.

Market Players Outlook

The major companies serving the global ice maker market include Hoshizaki America, Inc., Manitowoc Ice, Mile High Equipment LLC, Scotsman Ice Systems, WHYNTER LLC, Welbilt and,ZIEGRA Eismaschinen GmbH, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Hoshizaki acquired Brema, to make it number one commercial icemaker manufacturer in Europe. By focusing on high-end products Hoshizaki has been expanding its commercial icemaker business in the UK, France, Germany, and Scandinavia. The acquisition of both the company will add Brema value-priced products to Hoshizaki's high-end products.

The Report Covers

    • Market value data analysis of 2020 and forecast to 2027.

    • Annualized market revenues ($ million) for each market segment.

    • Country-wise analysis of major geographical regions.

   • Key companies operating in the global ice maker market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

   • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

    • Analysis of market-entry and market expansion strategies.

    • Competitive strategies by identifying ‘who-stands-where’ in the market.