Commercial Ice Maker Machine Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,UK,Germany - Size and Forecast 2023-2027

Commercial Ice Maker Machine Market Forecast 2023-2027

The commercial ice maker machine market size is estimated to grow by USD 1.62 billion at a CAGR of 7.04% between 2022 and 2027. 

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.

What will be the size of the  Machine Market During the Forecast Period?

Market Forecast 2023-2027

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Market Dynamic

The market is experiencing significant growth fueled by various factors including the rising demand from cafes, restaurants, hotels, and bars in urbanized areas. With a focus on convenience and nutritional value, businesses in the food service sector increasingly rely to cater to consumer tastes and preserve perishable goods. The market witnesses a surge in demand for cold storage facilities and efficient transportation to ensure the quality and freshness of food products. Small businesses face intense competition and pricing pressures, driving the adoption of alternative beverages and smart technology solutions such as remote diagnosis and smartphone apps. Cloud-based platforms with smart features enable businesses to monitor ice production settings, ice levels, and receive notifications for maintenance needs, ensuring uninterrupted service in luxury pubs, restaurants, and specialty beverage sectors. Customized ice cubes, resembling ice produced in biotechnology labs, cater to diverse consumer preferences, driving sales and trust in quality among residencies and commercial establishments alike. As disposable incomes rise and consumer preferences evolve, the machine market continues to expand, serving as a vital component in the global food service and processed food markets.Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Market Driver

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. 

Market Trends

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.

Market Challenge

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.

Market Segmentation

This market research report extensively covers market segmentation by end-user (foodservices, retail, healthcare, and others), product type (cube ice maker, flake ice maker, and nugget ice maker), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 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.

Market Segmentation by End-User

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 1.17 billion in 2017 and continued to grow until 2021.?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.

Product Type Segment Analysis

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.

Regional Analysis

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North America is estimated to contribute 35% to the growth by 2027. 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.

Who are the Major Commercial Ice Maker Machine Market Companies?

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.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

• End-user Outlook
  • Foodservices
  • Retail
  • Healthcare
  • Others

• Product Type Outlook
  • Cube ice maker
  • Flake ice maker
  • Nugget ice maker

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

 

The market is witnessing robust growth fueled by diverse applications across various sectors. In the foodservice sector, commercial ice makers play a crucial role in meeting the demand for ice in restaurants, hotels, and bars, ensuring beverages remain chilled and refreshing for patrons. Additionally, residential ice makers cater to individual needs, providing ice for home use. Beyond food and beverage, these machines are also essential in other industries such as water storage and electricity generation, where ice is utilized for cooling purposes. Moreover, in scientific settings like biochemistry labs, microbiology labs, and genetic engineering labs, ice makers are indispensable for preserving perishable samples and maintaining temperature-controlled environments. The versatility of commercial ice makers extends to household refrigerators, where they facilitate the storage of perishables and frozen foods. As demand continues to rise across various sectors, the commercial ice maker machine market is poised for sustained growth, driven by its indispensable role in ensuring temperature control and preservation in diverse applications.

Ice makers have evolved to cater to various consumer tastes and preferences, offering a wide range of options such as ice cubes, ice flakes, and ice nuggets. For luxury establishments like luxury pubs and restaurants, crystal-clear ice cubes are a hallmark of sophistication and elegance, appealing to discerning customers. Additionally, the market sees a demand for ice makers that produce ice resembling natural formations, reflecting an aesthetic consideration aligning with consumer tastes. As consumers prioritize quality and trust in their purchases, ice producers strive to meet these expectations by delivering reliable products that adhere to stringent standards. Ice makers come in various forms, from freezer ice makers to portable and built-in options, catering to the diverse needs of consumers across the alcoholic beverage market, shopping malls, and convenience stores. In the broader context, the ice maker market intersects with industries such as meat, milk, and the processed food market, where ice plays a crucial role in preserving freshness and maintaining quality standards.

The market is thriving, catering to diverse sectors like healthcare settings, tourism, and commercial establishments. These machines offer versatile solutions for cooling beverages and preserving food, with options ranging from under-counter to countertop and portable units.In the hospitality industry, craft cocktails are gaining popularity, driving the demand for specialized ice shapes and sizes. Standalone machines and ice maker trays are also sought after for their convenience in various settings.

Market Scope
Report Coverage	Details
Page number	172
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.04%
Market growth 2023-2027	USD 1.62 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	6.55
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Ali Group Srl, 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.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in the Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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