Outlook of Ice maker market status and development trends reviewed in new report

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Ice maker market trends research and projections
for 2019- 2025

• Ice maker market is witnessing innovations of new
  products owing to the escalating demand for ice
  of different shapes and sizes in food service
  sector.
• Manufacturers are outlaying heavy investments in
  RD activities to cater to the spiraling demand
  from food processing, service, and transportation
  sectors.
• According to the latest research report published
  by Global Market Insights Inc., worldwide ice
  maker market share is likely to reach 2.5
  billion by 2025.
• Amplifying focus on quality and presentation of
  beverages in high-end bars will improve the
  growth of ice maker market share.

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• Increasing disposable incomes have gushed the
  advent of modern kitchens and homes with built-in
  bars. People are opting to prepare cocktails and
  expensive drinks in their own built-in bars,
  which will boost demand for ice makers in
  residential applications. Also, companies are
  rolling out advanced machines, which will enhance
  competition in ice maker industry.
• Ice maker industry is gaining profits from
  commercial segments, such as food service and
  healthcare. Demand for ice makers is surging in
  hotels, restaurants, hospitals, bars, pharma
  companies, etc.
• Growing demand for ice makers is pushing major
  ice machine manufacturers to develop
  energy-efficient and restaurant-specific
  machines. Rapid development and adoption of ice
  machines will show a positive impact on ice maker
  market outlook.
• Nugget ice maker industry is likely to exhibit
  robust growth due to the rising popularity of
  expensive drinks, and cocktails served in
  high-end bars, and restaurants, which has
  increased the usage of nugget ice maker globally.

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• Nugget ice finds application in various cooling
  purposes, majorly in beverage displaying in
  shopping malls, bars, grocery stores, and
  departmental stores.
• Nugget ice makers have gained significant
  traction within the healthcare sector due to the
  easy consumption of nuggets by patients.
• The chewable property of nuggets has inflated its
  applications in healthcare centers, hospitals,
  etc. Also, organ storage and rehabilitation
  procedures in the healthcare sector need ice,
  which will help to enhance ice maker industry
  trends.
• The UAE will host World Expo 2020 and Qatar will
  hold FIFA World Cup 2022, which will upsurge
  travel and tourism in the region. Organization of
  such events in the Middle East will offer
  lucrative growth prospects to ice marker industry
  players.

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Rights Reserved
www.gminsights.com
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• Regional Analysis

• Middle East ice maker market size is expanding
  with development of regional infrastructures,
  such as restaurant chains, supermarkets, and
  hypermarkets. There is a huge demand for fast
  food and beverages in the region, which has
  amplified ice maker industry share. According to
  the International Trade Council, in Dubai, around
  20 new community shopping malls are under
  construction and are likely to be operational by
  2020.

• Competitive Analysis

• Market participants are focusing on the use of
  natural refrigerants, including carbon or propane
  to decrease harmful impact on the environment.
  Also, they are aiming to develop advanced
  hydrocarbon-based machines. Some of the key
  players present in ice maker market are
  Cornelius, Inc., Howe Corporation, Ali Group
  S.p.A., Manitowoc Ice, Hoshizaki Corporation,
  Middleby Corporation, Brema Group S.p.A., North
  Star Ice Equipment Corporation, and AB
  Electrolux.

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