Global Ice Flaker Market 2017-2021

Global ice flaker market forecast

According to Technavio’s market research analyst, the global market for ice flakers will grow at a CAGR of over 8% by 2020. The recent rise in organized retail outlets will help in ice flaker market growth during the predicted period. It has been noted that the organized retail sector in developed countries like the US and the UK is established and is becoming significantly popular in developing countries such as China, India, and Brazil. The recent change in consumers’ lifestyle has led to the high demand for an array of frozen and chilled food, which, in turn, has driven the demand for flake ice from the organized retail segment. Supermarkets, hypermarkets, forecourt retailers, discounters, and convenience stores have multiplied over the years and are investing in better technologies to provide consumers with convenience and chilled food products that are safe to consume. Additionally, it has also been noted that the continuous rise in consumers’ income level offers a growth opportunity to the vendors in this market.

In terms of geography, it has been noted that the Americas dominated this market during 2016 and will retain its dominant market position until the end of 2021. Recent market research carried out by the analysts at Technavio show that the ice flaker market in the US is the largest among all the countries in the Americas since it is home to a large number of food retail and foodservice industries. Additionally, the consumers in the US have a more sophisticated food requirement; thus, driving the need to import and store specialty food products that require large quantities of flake ice. This will lead to the growth of the flake ice makers market. 

Competitive landscape and key vendors

Extensive market research carried out by the industry experts at Technavio has shown that the level of competition among these companies has intensified, thus, leading to the introduction of many innovative and advanced solutions in the market. The key market players compete in terms of price, type of cooling system, condenser, reliability, size, and service to gain market shares. It has also been noted that price is the major factor in the competition among players. The growth of players in the market also depends on market conditions, government support, and industry development.

Key vendors in this market are -

• Follett
• Hoshizaki Electric
• Scotsman Ice Systems
• The Manitowoc Company

Other prominent vendors in this market are Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA, and Telstar Group.

Segmentation by product type and analysis of the ice flaker market

• Modular
• Undercounter

Based on the ice flaker market overview, the modular ice flaker segment dominates this market and is estimated to retain its dominant market position until the end of the forecast period. Benefits such as their flexibility coupled with their ability to allow customers to select the head units and bins separately will result in their increasing popularity during the estimated period.

End-user segmentation and analysis of the ice flaker market

• Retail
• Foodservice
• Healthcare

During 2016, the retail end-user segment dominated the flake ice maker market and is anticipated to continue its dominion over the market until the end of the forecast period. The worldwide increase in the consumption of chilled beverages has led to a rise in the demand for flake ice. Much of this growth can be attributed to the expansion of supermarkets and retail food chains across the globe.

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 ice flaker market?
• What are the key market trends influencing the growth of the ice flaker market?
• What are the challenges to market growth?
• Who are the key vendors in the ice flaker market?
• What are the market opportunities and threats faced by the vendors in the ice flaker market?
• Trending factors influencing the market share of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global ice flaker market?

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

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