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Ice Maker Market Analysis

  • Report ID: GMI4419
  • Published Date: Sep 2023
  • Report Format: PDF

Ice Maker Market Analysis

Global Ice Maker Market, By Product, 2021-2032, (USD Billion)

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The ice cube segment of ice maker market was worth USD 1.5 billion in 2022 and is estimated to register a lucrative growth rate by 2032. The demand for clear & consistent ice cubes, especially in high-end bars & restaurants, is on the rise as they enhance the presentation and quality of drinks. Additionally, the convenience of having a constant supply of ice cubes at home is driving consumer purchases. Manufacturers are focusing on producing ice makers that can deliver high-quality & crystal-clear ice cubes so as to cater to the evolving preferences of both consumers and businesses.

 

Global Ice Maker Market Share, By Application, 2022,(%)

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The commercial segment accounted for 70% of the Ice maker market share 2022, due to its indispensable role in various sectors. The hospitality industry, which comprises hotels, restaurants, and bars, relies heavily on ice makers to serve drinks, and keep food fresh. Healthcare facilities require ice for patient care and the storage of medical supplies. Supermarkets and convenience stores use ice makers to merchandize beverages & seafood. The rising popularity of takeout & delivery services has also boosted the demand for ice in foodservice establishments.

 

North America Ice Maker Market Size, 2021-2032, (USD Million)

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North America ice maker market size reached USD 850 million in 2022, attributed to increased consumer demand and changing lifestyles. As more people seek the convenience of ice production at home, there will be a steady increase in residential ice maker sales. Additionally, the increasing number of restaurants, bars, and hospitality establishments in the region is fueling the demand for commercial ice makers.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of Ice maker was worth USD 2.2 billion in 2022 and may register over 6% CAGR between 2023 and 2032, due to significant advances in the food & beverage sector worldwide.

The ice cubes product segment crossed USD 1.5 billion in 2022 and will register lucrative growth rate by 2032, owing to their higher usage in both commercial & residential settings for cooling beverages and preserving food.

The commercial application segment recorded over 70% share of the ice maker market in 2022 on account of rising demand in hospitality to serve drinks, and keep food fresh.

North America ice maker industry size surpassed USD 850 million in 2022, attributed to the higher consumer demand and changing lifestyles in the region.

Ice Maker Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 216
  • Countries covered: 21
  • Pages: 200
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