Global Commercial Undercounter Ice Machines Market 2017-2021

Overview of the global commercial undercounter ice machines market

Research analysis on the global commercial undercounter ice machines market identifies that the elimination or easing of various bans on the consumption of alcohol will be one of the major factors that will have a positive impact on the growth of the market. Consequently, the demand for commercial undercounter ice machine will increase due to the rise in alcohol servings in bars, pubs, clubs, and various other commercial establishments. For instance, the ban on dancing after midnight in bars, clubs, and most other public venues in Japan was removed in 2015. This resulted in the consumption of beverage in pubs, bars, and clubs in Japan. Similarly, the government in Ireland has removed the ban on the sales of alcohol on Good Friday, which is effective from 2018 onwards. This will boost the alcohol consumption, which in turn, will drive the demand for the commercial ice maker. Technavio's market research analysts predict that this market will grow at a CAGR of close to 8% by 2021.

The influx of new products with improved controls and features is one of the key trends that will gain traction in the global commercial undercounter ice machines market throughout the estimated period. For instance, commercial undercounter ice machines offered by Scotsman Ice Machines have a sensor for detecting the quality of water. The sensor detects hard water conditions and ensures the storage of ice for a longer period.

Competitive landscape and key vendors

The commercial undercounter ice machines market is relatively concentrated and has many prominent vendors. The vendors in the commercial ice maker market are increasingly competing against each other based on factors such as water efficiency and energy efficiency, innovative technology, pricing, and warranty period of the products. They are also focusing on designing and manufacturing products to offer customized products according to the specific needs of their customers. In addition, vendors are focusing on obtaining various certifications such as ENERGY STAR-certified, ADA-compliant, ETL-listed, ETL-S-approved, AHRI-certified, ISO-certified, and NSF to gain market share and comply with various laws and regulations.

Key vendors in this market are -

• Cornelius
• Hoshizaki
• Scotsman Ice Machines
• Welbilt

Other prominent vendors in the market include EdgeStar, Follett, Foster, Ice-O-Matic, ITV Ice Makers, kold-draft, Marvel, NTF, Polar Refrigeration, Stuart Ice Makers, Summit Appliance, U-Line, Viking, WESSAMAT, and Whynter.

Segmentation by product and analysis of the commercial undercounter ice machines market

• Air cooled
• Water cooled

Commercial air cooled undercounter ice machines are extensively preferred because they have higher water efficiency when compared to the commercial water cooled ice machines. These machines have a water efficiency of around 40%-65%. The commercial ice maker market will witness considerable growth in this segment during the predicted period mainly since these machines are easy to install. Some of the key players in the commercial air cooled undercounter ice machine segment include Cornelius, Hoshizaki, Scotsman ice machine, and Welbilt.

Segmentation by geography and analysis of the commercial undercounter ice machines market

• Americas
• APAC
• EMEA

The adoption of commercial undercounter ice machines is high in the Americas due to the growth of the foodservice market. The demand for commercial undercounter ice machines that produce nugget ice called nugget ice maker will increase during the forecast period. This in turn, will contribute to the growth of the commercial ice maker market in this region during the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial undercounter ice machines market?
• What are the key market trends impacting the growth of the global commercial undercounter ice machines market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial undercounter ice machines market?
• What are the market opportunities and threats faced by the vendors in the global commercial undercounter ice machines market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global commercial undercounter ice machines market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming report on the global commercial undercounter ice machines market offers industry insights about factors such as market size, growth rate, and competitive landscape of the food and beverage industry. They produce a complete market landscape of the food service sector and accurately forecast the growth prospect of the market by considering the latest trends and major growth drivers.

The upcoming report on the global commercial undercounter ice machines market gathers information on various parameters such as brand awareness, micro-economic trends, and major vendors using qualitative and quantitative research methods. The report also collects intelligence data on multiple parameters by collecting information via vendor briefings, company database, industry journals, webinar, and telephone and online surveys. The information thus collected is processed by the research analysts to forecast the growth prospects of this market accurately.

The upcoming report on the global commercial undercounter ice machines market also discusses the growth prospects of the market in each of the geographic segment by covering regions such as the Americas, APAC, and EMEA. The report also identifies some of the major players as well as other prominent players such as Manitowoc Ice, Hoshizaki, Ice-o-matic, Scotsman, Cornelius, Marvel, U-Line, Follett, Edgestar, Eurodib, and ITV Ice Makers. Our analysts predict that growing demand for chilled beverage would likely influence the growth in this market.

The upcoming research report on the global commercial undercounter ice machines market also includes product category-wise growth potential, industry insights, emerging trends, technological innovation, and changing market dynamics. The report also covers related sectors from food and beverage market such as non-alcoholic beverage and alcoholic beverage.

Our market research methodology for the global commercial undercounter ice machines market

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