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The commercial ice maker machine market size is estimated to grow by USD 1.86 billion at a CAGR of 7.49% between 2023 and 2028. The growth of the market hinges on several key factors, including a surge in demand from diverse industries and the expansion of the food service sector. This growth is further propelled by a concerted focus on energy efficiency and sustainability initiatives. As industries across sectors seek to enhance operational efficiency and reduce environmental impact, there is a heightened emphasis on adopting solutions that prioritize sustainability and minimize energy consumption. With an increasing number of food service establishments joining the market, the trajectory is poised for sustained expansion, driven by the collective pursuit of economic viability and environmental responsibility. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
Market Forecast 2024-2028
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The market caters to diverse sectors like the Medical Industry, Food Industry, Life Sciences, and Personal Care, where ice plays a crucial role in various applications. Political factors influence market dynamics, while self-service solutions cater to evolving consumer preferences. In the hospitality sector, machines serve the Burgundy wine and Non-alcoholic beverage segments, offering clear, aesthetically pleasing ice. Businesses strategy prioritizes the size of the machine, with a focus on the Medium Size Segment and specific Hotels and Motels Segment. Innovator in the market emphasize bubble-free and impurity-free ice, meeting the stringent standards of the Foodservice operators and Cafés, where aesthetically pleasing ice enhances beverage presentation, reflecting a strategic approach to meeting consumer demands in both Alcoholic beverages and Non-alcoholic beverages. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The boom in the food and beverage industry is one of the primary reasons for the increase in demand. Restaurants, bars, and catering companies rely heavily on ice for their day-to-day operations. Furthermore, the hospitality industry is also a main driver for the raised demand for commercial ice making machines. To meet the needs of customers, hotels, resorts, and event venues require a constant and abundant supply of ice.
Furthermore, demand for commercial ice machines is also increasing in the healthcare sector. Medical facilities such as hospitals and clinics often require ice for a variety of purposes such as patient care and equipment maintenance. Ice is often used to reduce a patient's high fever or to store vaccines and drugs. Hence, such factors are expected to increase the demand for commercial and are expected to boost the growth of the global market during the forecast period.
The demand for customized ice maker machines has increased significantly in recent years. This rising preference is due to several factors that have contributed to the rising popularity of these personalized machines. One of the main reasons for the increasing demand for customized ice machines is the desire for uniqueness and individuality. A customized machine allows the end user to express their personality and style through the design and function of the machine.
In addition, modern machines are equipped with digital displays, touch controls, built-in water filters, and more. These advancements give users greater control and convenience in making ice. Another advantage of custom ice makers is potential long-term cost savings. By choosing a customized machine that meets their specific needs, users can optimize energy efficiency and minimize water waste. Thus, such factors are expected to fuel the growth of the market in focus during the forecast period.
The global market is facing a major challenge of rising raw material costs such as stainless steel and aluminum. One of the main reasons for rising raw material costs is the increasing global demand for commercial ice machines. With establishments such as hotels, restaurants, and bars wanting to invest in these machines, demand for raw materials such as stainless steel and refrigeration parts is high. This surge in demand inevitably leads to higher prices.
Furthermore, another factor contributing to growing costs is the limited availability of certain raw materials. Stainless steel, a key material in the manufacture of commercial makers, saw significant price increases due to supply chain disruptions and trade restrictions in some countries. This exchange rate volatility can further complicate matters by making it difficult for businesses to plan and budget effectively. Hence, such factors are expected to impede the growth of the global market during the forecast period.
With the proliferation of cafes, restaurants, hotels, and bars in urban areas, the need for efficient ice production and storage solutions has intensified. Businesses prioritize factors like nutritional value and freshness, prompting the adoption of innovative technologies such as remote diagnosis and smartphone apps for real-time observation and control. Cloud-based platforms equipped with smart features enable precise adjustment of ice production settings and monitoring of ice levels, ensuring consistent quality. Ice producers cater to diverse consumer tastes by offering options like ice flakes and ice nuggets, while luxury pubs and restaurants opt for crystal-clear ice cubes to enhance customer purchasing experiences. Beyond the food service sector, hospitals and clinics rely to meet patient needs, further driving market demand. As urbanization continues and consumer preferences evolve, the machine market remains pivotal in delivering ice solutions tailored to various industries and applications.
The foodservices segment will account for a major share of the market's growth during the forecast period.?These makers are an integral part of the foodservice industry as they provide a continuous supply of ice for a variety of purposes including chilling drinks, preserving fresh produce, and creating attractive food displays. The foodservice industry relies heavily on these machines to meet customer demands and keep business running smoothly.
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The foodservices segment was valued at USD 1.23 billion in 2018.?Restaurants often use ice to cool drinks so that customers can enjoy them refreshingly. Whether it's a glass of water, a soft drink, or a cocktail, ice is a key element that enhances the overall dining experience. In addition, ice is also used to preserve the freshness of seafood, fruits, and vegetables and ensure their quality and flavor. Similarly, hospitals and medical facilities require these machines to store and transport pharmaceuticals, blood, and tissue samples. Hence, such factors are expected to grow the demand for commercial ice making machines in the foodservices segment, which will boost the growth of the global commercial ice making machine market during the forecast period.
Based on product type, the market has been segmented into the cube ice maker, flake ice maker, and nugget ice maker. The cube ice maker?segment will account for the largest share of this segment.?Cube ice machines are used in a wide range of applications in various industries and are becoming more popular due to their efficiency and convenience. One of the main advantages of the cube ice machine is that it can produce standardized cube-shaped ice. Supermarkets and grocery stores often use cube ice machines for display purposes to keep their products fresh and attractive. In addition, these are also used in the entertainment industry, especially in venues such as stadiums and concerts. These machines can produce large quantities of ice cubes in a short amount of time, meeting the high demand at such events. Therefore, such factors are expected to raise the demand, which will drive the growth of the global market during the forecast period.
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North America is estimated to contribute 33% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Factors such as a robust economy, the use of advanced technologies, and high demand from various industries such as food services, healthcare, retail, and several others are driving the growth of the region's market. In addition, the thriving food and beverage industry includes restaurants, hotels, and bars that require large quantities of ice for their operations, and also commercial ice making machines provide a convenient and efficient solution.
Furthermore, North America has prominent players in the commercial ice-making machine market. Companies such as Manitowoc Co Inc. (Manitowoc), Scotsman Ice Systems, and Hoshizaki Corp (Hoshizaki) produce innovative, high-quality ice machines that are widely recognized for their performance and reliability. These companies continuously invest in research and development to introduce advanced features such as automatic cleaning mechanisms, energy efficiency, and remote monitoring systems. Thus, such factors will drive the growth of the market in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ali Group Srl: The company offers Cube Ice Machine 3000 and the Flake Ice Machine 5000.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AV Refrigeration, Bionics Scientific Technologies Pvt. Ltd., BREMA GROUP S.p.A., BUUS Refrigeration AS, Direct Catering Products Ltd., Electrolux AB, Focusun Refrigeration Corp., Fujian Snowman Co. Ltd., Grant Ice Systems, HOSHIZAKI Corp., Howe Corp., Iberna Ice Machine Co. Ltd., Marmon Holdings Inc., North Star Ice Equipment Corp., Pentair Plc, PT ROYAL SUTAN AGUNG, Shanghai Chuangli Refrigeration Equipment Co. Ltd., The Middleby Corp., and U.S. Ice Machine Mfg Co.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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In the competitive landscape of the Ice Maker Machine Market, several winning imperatives drive businesses toward success. Employing cross-analysis techniques across various industry verticals helps companies stay active and maintain a cutting edge position. Product strategy and business strategy are essential, especially in catering to the dynamic food service industry. Product innovation focusing on producing clear ice with an aesthetically pleasing look, bubble-free, and slow-melting properties is paramount to meet consumer demands, preventing dilution of beverages. Targeting specific sectors like catering food service, mocktails, Bubble-free ice, and cocktails for social gatherings and business conferences is crucial as consumer tastes shift.
In addition, offering diverse ice options like edible ice and soft ice pellets, along with innovative designs such as modular and countertop ice makers, caters to the needs of fine dining establishments and multi-site restaurants alike. Rigorous testing ensures quality, whether for residential or commercial use, across various sales channels including store-based and non-store based, and specialty stores. Partnering with key players like Figor Industrial and Chinese catering equipment resellers expands market reach, catering to supermarkets and convenience stores, while maintaining concrete temperature regulation and reliability, exemplified by brands like Bremao and NewAir Portable Ice Maker.
Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.49% |
Market growth 2024-2028 |
USD 1.86 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.83 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ali Group S.r.l., AV Refrigeration, Bionics Scientific Technologies Pvt. Ltd., BREMA GROUP S.p.A., BUUS Refrigeration AS, Direct Catering Products Ltd., Electrolux group, Focusun Refrigeration Corp., Fujian Snowman Co. Ltd., Grant Ice Systems, HOSHIZAKI Corp., Howe Corp., Iberna Ice Machine Co. Ltd., Marmon Holdings Inc., North Star Ice Equipment Corp., Pentair Plc, PT ROYAL SUTAN AGUNG, Shanghai Chuangli Refrigeration Equipment Co. Ltd., The Middleby Corp., and U.S. Ice Machine Mfg Co. |
Market dynamics |
Parent market analysis, market report , market growth and trends, Market forecasting , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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