Global Ice Maker Machines Market Outlook
Ice maker machines are extensively used in residential as well as commercial sectors. In the case of commercial sector use of ice maker machines in large in coffee chains, foodservice industry, and many other industrial sectors. The rising application of ice maker machines is expected to facilitate future market growth.
The increasing use of ice maker machines in the healthcare sector is another factor that is facilitating the market growth. The use of ice has got some medical benefits. Besides this, the traditional use of ice cubes a coolant has further facilitated a rise in demand for ice maker machines in the market. The increasing demand for portable ice maker machines from the household sector are further expected to stimulate market growth.
Global Ice Maker Machines Market: Market Dynamics
Drivers for Ice Maker Machines Market
The rising adoption of ice maker machines in catering businesses is further expected to facilitate market growth in the coming years. Catering businesses is currently one of the fastest-growing sectors.
Many restaurant businesses are also slowly shifting towards providing catering services in addition to their traditional restaurant business. Such specular shifts in business models will further facilitate a rise in demand for ice maker machines.
Trends for Ice Maker Machines Market
Introduction of enhanced technology ice maker machines that guard against bacteria and viruses is a new prevailing trend in the ice maker machines market. The players in the market are currently focused on developing and introducing new machines with such enhanced features.
In July 2020, Manitowoc brand of Welbit, Inc. announced the launch of LuminIce II, which is a fully integrated solution capable of guarding the ice machine against viruses and bacteria.
This ice maker machine works using a combination of UVV light and UVC light in order to emit cold oxygen plasma in the machine’s food zone to inhibit bacteria growth and guard against the airborne virus.
Opportunities for Ice Maker Machines Market
The rising preferences for home bars in many regions like India, Brazil, and others are expected to open up new opportunities for the players in the market. Home bars are highly preferred today during festive seasons and celebrations.
The development of such concepts are expected to positively impact the ice maker machines market. With the rising prominence of the concept, the demand for ice maker machines from household sectors will positively impact the ice maker machine market growth.
Challenges for Ice Maker Machines Market
The rising adoption of gel packs that are used as alternative coolant agents instead of traditional ice is likely to impact market growth. The adoption of such alternatives will reduce ice consumption. This will indirectly impact the demand for ice maker machines in the market.
Besides this, the decreasing discretionary spending, amid the novel coronavirus outbreak from the food service industry has also temporarily resulted in less demand. The restaurant and food business sectors are one of the hardest hit sectors. These sectors are temporarily experiencing a financial downswing that has discouraged spending from these sectors. Such covid-19 impact has posed serious financial challenges for ice maker machine players in the market.
Global Ice Maker Machines Market: Key Players
Some of the key players operating in the global Ice Maker Machines market are
- Hoshizaki Corporation
- Welbit Inc
- Electrolux AB
- The Middleby Corporation
- Ali Group
- Avantco Equipment Company
- Brema Group S.p.A
- A & V Refrigeration Corporation
- North Star Ice Equipment Corporation
- ITV Ice Makers Inc
- Howe Corporation
These players are expected to positively influence growth of the Ice Maker Machines market during the forecast period.
Ice Maker Machines Market: Regional Outlook
High penetration of food service industry, coffee chains, bars, and lounges has facilitated regional growth in North America and Europe. The rising adoption of modern kitchen concepts with high tech appliances in both commercial and household sectors are gaining prominence.
This is a major factor that is expected to register regional growth in East Asia and South Asia. Other regions like Oceania and MEA are also expected to register stable growth due to increasing use in the healthcare sectors.
Ice Maker Machines Market Segmentation
- Ice Flake Machine
- Ice Nugget Machine
- Ice Cube Machine
- Countertop Machines
- Under Counter Machines
- Foodservice Industry
- Other Commercial Sectors
Sales Channels :
- Convenient stores
- Supermarkets/ Hypermarkets
- Online Retailers
- Specialty Stores
- Multi-Brand Stores
- Other Sales Channels