Ice Maker Market Set to Reach $2.8 Billion by 2027, Growing at 4.4% CAGR

According to a new report published by Allied Market Research, titled, "Ice Maker Market by Product Type and Application: Opportunity Analysis and Industry Forecast, 2021-2027," the global ice maker market size was valued at $2,330.6 million in 2019, and is projected to reach $2,784.2 million by 2027, registering a CAGR of 4.4% from 2021 to 2027.

📍𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://www.alliedmarketresearch.com/request-sample/9432

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

An ice maker, also known as an ice machine or ice generator, is an electrical appliance designed to produce ice artificially. The market for ice makers is expected to witness growth due to high demand from the foodservice and food processing sectors. The increasing preference for energy-efficient and water-saving products is anticipated to drive market growth during the forecast period.

Development of the food service industry is anticipated to drive the growth of the ice maker market. Moreover, rise in business related travel, surge in urban population, and rise in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry, thereby driving the growth of the market. Change in food habits and busy lifestyle of consumers have led to increase in demand for ready-to-eat meals. Rapid changes in the supporting factors such as disposable income, consumer preferences, increase in working women population, and digitization have resulted into rise in number of quick-service, and other types of restaurants which in turn is driving the sales of the ice maker.

📍𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐈𝐜𝐞 𝐌𝐚𝐤𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

💡The development of the food service industry is expected to drive market growth.

💡The rise in business-related travel and the surge in urban population contribute to the growth of the hospitality industry, impacting the demand for ice makers.

💡Changes in consumer preferences, disposable income, and lifestyle have led to an increase in the number of quick-service restaurants, driving ice maker sales.

📍𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Countertop ice makers are expected to grow at the highest CAGR during the forecast period. These are designed for easy access to ice, making them suitable for bars or counters.

📍𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The "others" segment, including corporate offices and residential areas, is anticipated to grow at the highest CAGR. Corporate facilities often use ice makers in cafeterias, contributing to market growth.

📍𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

💡Product Type Categories: Modular ice maker, undercounter ice maker, countertop ice maker, and ice dispenser.

💡Application Categories: Food service, food processing, healthcare, retail outlets, and others.

📍𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

- North America

- Europe

- Asia-Pacific

- LAMEA are the analyzed regions in the global ice maker market.

📍𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 https://www.alliedmarketresearch.com/connect-to-analyst/A09067

📍𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

💡By product type, the modular ice maker segment accounted for the highest ice maker market share in 2019, growing at a CAGR of 3.3% from 2021 to 2027.

💡By end use, the food service segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.

💡Region wise, North America accounted for highest share in 2019 and is expected to grow at a CAGR of 2.9% during the forecast period.

📍𝗧𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗶𝗰𝗲 𝗺𝗮𝗸𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝗰𝗹𝘂𝗱𝗲 :

→ Hoshizaki corporation
→ Manitowoc ice (WELBILT, INC.)
→ A & V Refrigeration Corp
→ Ali Group S.p.A.
→ Middleby Corporation
→ Cornelius, Inc.
→ Kold-Draft
→ North Star Ice Equipment Corporation
→ Whynter
→ LLC and U.S. Ice Machine Mfg. Co.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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