Ice Maker Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Ice Maker is a device used for making ice, and it generally refers to standalone machines used to producing ice at massive scale. Development in the fast-food chains owing to the high disposable income is one of the major factors supporting the growth of the ice maker market. The ice maker is witnessing a high demand in the healthcare industry due to wide-ranging use cases in the healthcare and pharmaceutical industry. The ice maker marker is highly competitive with the presence of well-established players as well as some of the regional players.
MARKET DYNAMICS
The ice maker market is primarily driven by in increasing demand in the healthcare and pharmaceutical industry and growing food and beverage industry. However, high cost of implementations is the major factor that might slow down the growth of this market. The cube ice maker holds the significant market share owing to the high demand from quick service restaurants. Moreover, foodservice segment under end-users holds a significant market share owing to the changing consumer preferences.
MARKET SCOPE
The "Global Ice Maker Market Analysis to 2028" is a specialized and in-depth study of the ice maker industry with a special focus on the global market trend analysis. The report aims to provide an overview of ice maker market with detailed market segmentation by type, end-use and geography. The global ice maker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ice maker market players and offers key trends and opportunities in the ice maker market.
MARKET SEGMENTATION
The global ice maker market is segmented on the basis of type and end-use. Based on type, the market is segmented into cube ice maker, flake ice maker, and chip ice maker. On the basis of end-use the market is segmented as food service, retail, healthcare and pharmaceuticals, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ice maker market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ice maker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting ice maker market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the ice maker market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global ice maker market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ice maker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting ice maker market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the ice maker market in these regions.
MARKET PLAYERS
The reports cover key developments in the ice maker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from ice maker market are anticipated to lucrative growth opportunities in the future with the rising demand for ice maker in the global market. Below mentioned is the list of few companies engaged in the ice maker market.
The report also includes the profiles of key ice maker companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Fisher Scientific
- Himalyan Equipment Manufacturing Co. (HEMCO)
- Hoshizaki Llc
- ICE-O-MATIC
- Manitowoc Ice, Inc.
- mrclab
- NewAir
- Scotsman
- WHYNTER LLC
- ZIEGRA Eismaschinen GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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to segments covered.
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ice Maker Market - By Type
1.3.2 Ice Maker Market - By End-use
1.3.3 Ice Maker Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ICE MAKER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ICE MAKER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ICE MAKER MARKET - GLOBAL MARKET ANALYSIS
6.1. ICE MAKER - GLOBAL MARKET OVERVIEW
6.2. ICE MAKER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ICE MAKER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CUBE ICE MAKER
7.3.1. Overview
7.3.2. Cube Ice Maker Market Forecast and Analysis
7.4. FLAKE ICE MAKER
7.4.1. Overview
7.4.2. Flake Ice Maker Market Forecast and Analysis
7.5. CHIP ICE MAKER
7.5.1. Overview
7.5.2. Chip Ice Maker Market Forecast and Analysis
8. ICE MAKER MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. FOOD SERVICE
8.3.1. Overview
8.3.2. Food Service Market Forecast and Analysis
8.4. RETAIL
8.4.1. Overview
8.4.2. Retail Market Forecast and Analysis
8.5. HEALTHCARE AND PHARMACEUTICALS
8.5.1. Overview
8.5.2. Healthcare and Pharmaceuticals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ICE MAKER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Ice Maker Market Overview
9.1.2 North America Ice Maker Market Forecasts and Analysis
9.1.3 North America Ice Maker Market Forecasts and Analysis - By Type
9.1.4 North America Ice Maker Market Forecasts and Analysis - By End-use
9.1.5 North America Ice Maker Market Forecasts and Analysis - By Countries
9.1.5.1 United States Ice Maker Market
9.1.5.1.1 United States Ice Maker Market by Type
9.1.5.1.2 United States Ice Maker Market by End-use
9.1.5.2 Canada Ice Maker Market
9.1.5.2.1 Canada Ice Maker Market by Type
9.1.5.2.2 Canada Ice Maker Market by End-use
9.1.5.3 Mexico Ice Maker Market
9.1.5.3.1 Mexico Ice Maker Market by Type
9.1.5.3.2 Mexico Ice Maker Market by End-use
9.2. EUROPE
9.2.1 Europe Ice Maker Market Overview
9.2.2 Europe Ice Maker Market Forecasts and Analysis
9.2.3 Europe Ice Maker Market Forecasts and Analysis - By Type
9.2.4 Europe Ice Maker Market Forecasts and Analysis - By End-use
9.2.5 Europe Ice Maker Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Ice Maker Market
9.2.5.1.1 Germany Ice Maker Market by Type
9.2.5.1.2 Germany Ice Maker Market by End-use
9.2.5.2 France Ice Maker Market
9.2.5.2.1 France Ice Maker Market by Type
9.2.5.2.2 France Ice Maker Market by End-use
9.2.5.3 Italy Ice Maker Market
9.2.5.3.1 Italy Ice Maker Market by Type
9.2.5.3.2 Italy Ice Maker Market by End-use
9.2.5.4 United Kingdom Ice Maker Market
9.2.5.4.1 United Kingdom Ice Maker Market by Type
9.2.5.4.2 United Kingdom Ice Maker Market by End-use
9.2.5.5 Russia Ice Maker Market
9.2.5.5.1 Russia Ice Maker Market by Type
9.2.5.5.2 Russia Ice Maker Market by End-use
9.2.5.6 Rest of Europe Ice Maker Market
9.2.5.6.1 Rest of Europe Ice Maker Market by Type
9.2.5.6.2 Rest of Europe Ice Maker Market by End-use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Ice Maker Market Overview
9.3.2 Asia-Pacific Ice Maker Market Forecasts and Analysis
9.3.3 Asia-Pacific Ice Maker Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Ice Maker Market Forecasts and Analysis - By End-use
9.3.5 Asia-Pacific Ice Maker Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Ice Maker Market
9.3.5.1.1 Australia Ice Maker Market by Type
9.3.5.1.2 Australia Ice Maker Market by End-use
9.3.5.2 China Ice Maker Market
9.3.5.2.1 China Ice Maker Market by Type
9.3.5.2.2 China Ice Maker Market by End-use
9.3.5.3 India Ice Maker Market
9.3.5.3.1 India Ice Maker Market by Type
9.3.5.3.2 India Ice Maker Market by End-use
9.3.5.4 Japan Ice Maker Market
9.3.5.4.1 Japan Ice Maker Market by Type
9.3.5.4.2 Japan Ice Maker Market by End-use
9.3.5.5 South Korea Ice Maker Market
9.3.5.5.1 South Korea Ice Maker Market by Type
9.3.5.5.2 South Korea Ice Maker Market by End-use
9.3.5.6 Rest of Asia-Pacific Ice Maker Market
9.3.5.6.1 Rest of Asia-Pacific Ice Maker Market by Type
9.3.5.6.2 Rest of Asia-Pacific Ice Maker Market by End-use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Ice Maker Market Overview
9.4.2 Middle East and Africa Ice Maker Market Forecasts and Analysis
9.4.3 Middle East and Africa Ice Maker Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Ice Maker Market Forecasts and Analysis - By End-use
9.4.5 Middle East and Africa Ice Maker Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Ice Maker Market
9.4.5.1.1 South Africa Ice Maker Market by Type
9.4.5.1.2 South Africa Ice Maker Market by End-use
9.4.5.2 Saudi Arabia Ice Maker Market
9.4.5.2.1 Saudi Arabia Ice Maker Market by Type
9.4.5.2.2 Saudi Arabia Ice Maker Market by End-use
9.4.5.3 U.A.E Ice Maker Market
9.4.5.3.1 U.A.E Ice Maker Market by Type
9.4.5.3.2 U.A.E Ice Maker Market by End-use
9.4.5.4 Rest of Middle East and Africa Ice Maker Market
9.4.5.4.1 Rest of Middle East and Africa Ice Maker Market by Type
9.4.5.4.2 Rest of Middle East and Africa Ice Maker Market by End-use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Ice Maker Market Overview
9.5.2 South and Central America Ice Maker Market Forecasts and Analysis
9.5.3 South and Central America Ice Maker Market Forecasts and Analysis - By Type
9.5.4 South and Central America Ice Maker Market Forecasts and Analysis - By End-use
9.5.5 South and Central America Ice Maker Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Ice Maker Market
9.5.5.1.1 Brazil Ice Maker Market by Type
9.5.5.1.2 Brazil Ice Maker Market by End-use
9.5.5.2 Argentina Ice Maker Market
9.5.5.2.1 Argentina Ice Maker Market by Type
9.5.5.2.2 Argentina Ice Maker Market by End-use
9.5.5.3 Rest of South and Central America Ice Maker Market
9.5.5.3.1 Rest of South and Central America Ice Maker Market by Type
9.5.5.3.2 Rest of South and Central America Ice Maker Market by End-use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ICE MAKER MARKET, KEY COMPANY PROFILES
11.1. FISHER SCIENTIFIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HIMALYAN EQUIPMENT MANUFACTURING CO. (HEMCO)
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HOSHIZAKI LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ICE-O-MATIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MANITOWOC ICE, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MRCLAB
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEWAIR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCOTSMAN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WHYNTER LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ZIEGRA EISMASCHINEN GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Fisher Scientific
2.Himalyan Equipment Manufacturing Co. (HEMCO)
3.Hoshizaki Llc
4.ICE-O-MATIC
5.Manitowoc Ice, Inc.
6.mrclab
7.NewAir
8.Scotsman
9.WHYNTER LLC
10.ZIEGRA Eismaschinen GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.