Ice Maker Market to Reach USD 3,499.09 million with a 3.0% CAGR

Market Analysis and Insights: Global Ice Maker Market

Global ice maker market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.0% in the forecast period of 2022 to 2029 and is expected to reach USD 3,499.09 million by 2029. Increasing Demand for Ready-to-eat drinks owing to Busier Lifestyle and increasing demand for ice in healthcare sector acts as a driver for global ice maker market growth.

The recent trend indicates increasing demand for ice machines as investments in public and private healthcare industries continue to grow. The factors driving the growth of the ice maker market are increasing demand for cold drinks and alcoholic beverages. The Global ice maker market will witness an increased trajectory in the coming years.

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Global Ice Maker Market Scope And Market Size

Global ice maker market is segmented into seven segments based on type, product type, condensing unit type, and size material application.

On the basis of type, the global ice maker market is segmented into modular/ice machine heads, under-counter ice machines, countertop ice dispenser/makers, combination ice/water machines, and others. In 2022, the modular/ice machine head segment is expected to dominate the ice maker market due to increasing demand for a lot of ice in food service industry.
On the basis of product type, the global ice maker market is segmented into cube ice, nugget ice, gourmet ice, crescent ice, flake ice, and others. In 2022, cube ice is expected to dominate the market as it has small size and also available in medium size, which is comfortable for consumers to use in any kind of food preparation which drives the growth of the market. Thus, these facts attract the consumers and hence helps the market to grow rapidly in coming years.
On the basis of condensing units type, the global ice maker market is segmented into AIR cooled, water cooled, remote cooled, and others. In 2021, the air-cooled segment is expected to dominate the ice maker market due to growing demand of air-cooled ice maker owning to its cheap price and easy installation.

Competitive Landscape and Global Ice Maker Market Share Analysis

Global ice maker market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to global ice maker market.

Some of the major players operating in the global ice maker market are A&V Refrigeration, AB Electrolux, Ali Group, Marmon Foodservice Technologies, Inc., BREMA GROUP S.p.A., Direct Catering Products Ltd., HOSHIZAKI CORPORATION, Howe Corporation, ITV Ice Makers Inc, ZIEGRA Eismaschinen GmbH, Manitowoc Ice, The Middleby Corporation, WHYNTER LLC, NewAir, Orien, Sunpentown Inc., Changshu Lingke Electric Appliance Co. Ltd, Holiday Ice, Maxx Ice, and Summit Appliance among others., domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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