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Market Research Report

Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: June 10, 2019 Content info: 101 Pages
Description

Ice maker, also known as ice machine or ice generator, refers to an industrial and consumer device which produces ice. It is made of various components which include an evaporator, compressor, condenser and throttle valve. An ice maker comes in various sizes ranging from small to big as per the requirement of the consumers. In the current scenario, they are being increasingly used all over the world across different sectors. According to the latest report by IMARC Group, titled "Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the global ice maker market reached a value of US$ 4.35 Billion in 2018.

The global ice maker market is being primarily driven by the rising need for ice makers in numerous microbiology, genetic engineering, biochemistry and biotechnology laboratories for storing biological samples. In addition to this, the growing need for ice makers in cold compression therapies is further propelling the growth of the market. Moreover, there is a rise in fast food chains owing to sedentary lifestyles and an increase in disposable incomes which has resulted in an augmented demand for ice makers. Looking forward, the market value is projected to reach US$ 6.16 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024.

Market Summary:

  • Based on the product type, the market has been segmented into ice cube maker, ice flake maker, ice nugget maker and others. Amongst these, ice cube makers holds the majority of the market share due to an increase in the demand from various foodservice establishments such as quick service restaurants.
  • The market has been further segregated on the basis of end use sectors which include food service, retail, healthcare and residential along with other sectors. Currently, food service dominates the market owing to the shift in consumer preferences towards fast food items.
  • Region-wise, The market has been segmented as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America currently represents the largest market. This is due to a rapid rise in the demand for commercial ice makers in the healthcare and foodservice industries.
  • On assessing the import and export scenario of the market, it is found that the United States is the largest importer of ice makers followed by Germany, France, the United Kingdom and Canada. On the other hand, China represents the biggest exporter followed by Mexico, Italy, the United States and Korea.
  • The competitive landscape of the market has also been examined with some of the key players being Hoshizaki, Manitowoc, Scotsman, Whynter, Ice-O-Matic, Himalyan Equipment Manufacturing Co., MaxxIce, Newair, Zhejiang Litian Industrial Co. Ltd., SPT, Changshu Lingke Electric Appliance Co. Ltd., Cornelius.
  • This report provides a deep insight into the global ice maker market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ice maker industry in any manner.

Key Questions Answered in This Report:

  • How has the global ice maker market performed so far and how will it perform in the coming years?
  • What are the key regions in the global ice maker market?
  • Which are the popular product types in the global ice maker market?
  • What are the key application segments in the global ice maker market?
  • What are the import and export trends of the global ice maker market?
  • What are the various stages in the value chain of the global ice maker market?
  • What are the key driving factors and challenges in the global ice maker market?
  • What is the structure of the global ice maker market and who are the key players?
  • What is the degree of competition in the global ice maker market?
  • How is ice maker manufactured?
Table of Contents
Product Code: SR1019C63_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Ice Maker Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Price Analysis
    • 5.3.1 Key Price Indicators
    • 5.3.2 Price Structure
    • 5.3.3 Margin Analysis
  • 5.4 Market Breakup by Product Type
  • 5.5 Market Breakup by End Use Sector
  • 5.6 Market Breakup by Region
  • 5.7 Market Forecast
  • 5.8 SWOT Analysis
    • 5.8.1 Overview
    • 5.8.2 Strengths
    • 5.8.3 Weaknesses
    • 5.8.4 Opportunities
    • 5.8.5 Threats
  • 5.9 Value Chain Analysis
    • 5.9.1 Overview
    • 5.9.2 Research and Development
    • 5.9.3 Raw Material Procurement
    • 5.9.4 Manufacturers
    • 5.9.5 Distributors and Exporters
    • 5.9.6 Retailers
    • 5.9.7 End-Use
  • 5.10 Porters Five Forces Analysis
    • 5.10.1 Overview
    • 5.10.2 Bargaining Power of Buyers
    • 5.10.3 Bargaining Power of Suppliers
    • 5.10.4 Degree of Competition
    • 5.10.5 Threat of New Entrants
    • 5.10.6 Threat of Substitutes

6 Market Breakup by Product Type

  • 6.1 Ice Cube Maker
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Ice Flake Maker
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Ice Nugget Maker
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by End Use Sector

  • 7.1 Food Service
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Retail
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Healthcare
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Residential
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Region

  • 8.1 North America
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Europe
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Asia Pacific
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Middle East and Africa
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Latin America
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Imports and Exports

  • 9.1 Imports by Major Countries
  • 9.2 Exports by Major Countries

10 Ice Maker Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Raw Material Requirements
  • 10.3 Manufacturing Process
  • 10.4 Key Success and Risk Factors

11 Competitive Landscape

  • 11.1 Market Structure
  • 11.2 Key Players
  • 11.3 Profiles of Key Players
    • 11.3.1 Hoshizaki
    • 11.3.2 Manitowoc
    • 11.3.3 Scotsman
    • 11.3.4 Whynter
    • 11.3.5 Ice-O-Matic
    • 11.3.6 Himalyan Equipment Manufacturing Co. (HEMCO)
    • 11.3.7 MaxxIce
    • 11.3.8 Newair
    • 11.3.9 Zhejiang Litian Industrial Co. Ltd.
    • 11.3.10 SPT
    • 11.3.11 Changshu Lingke Electric Appliance Co. Ltd.
    • 11.3.12 Cornelius

List of Figures

  • Figure 1: Global: Ice Maker Market: Major Drivers and Challenges
  • Figure 2: Global: Ice Maker Market: Sales Value (in Billion US$), 2011-2018
  • Figure 3: Global: Ice Maker Market: Breakup by Product Type (in %), 2018
  • Figure 4: Global: Ice Maker Market: Breakup by End Use Sector (in %), 2018
  • Figure 5: Global: Ice Maker Market: Breakup by Region (in %), 2018
  • Figure 6: Global: Ice Maker Market Forecast: Sales Value (in Billion US$), 2019-2024
  • Figure 7: Ice Maker Market: Price Structure (US$/Unit)
  • Figure 8: Global: Ice Maker Industry: SWOT Analysis
  • Figure 9: Global: Ice Maker Industry: Value Chain Analysis
  • Figure 10: Global: Ice Maker Industry: Porter's Five Forces Analysis
  • Figure 11: Global: Ice Maker (Ice Cube) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 12: Global: Ice Maker (Ice Cube) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 13: Global: Ice Maker (Ice Flake) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 14: Global: Ice Maker (Ice Flake) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 15: Global: Ice Maker (Ice Nugget) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 16: Global: Ice Maker (Ice Nugget) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 17: Global: Ice Maker (Other Product Types) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 18: Global: Ice Maker (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 19: Global: Ice Maker (End-Use in Food Service Sector) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 20: Global: Ice Maker (End-Use in Food Service Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 21: Global: Ice Maker (End-Use in Retail Sector) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 22: Global: Ice Maker (End-Use in Retail Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 23: Global: Ice Maker (End-Use in Healthcare Sector) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 24: Global: Ice Maker (End-Use in Healthcare Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 25: Global: Ice Maker (End-Use in Residential Sector) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 26: Global: Ice Maker (End-Use in Residential Sector) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 27: Global: Ice Maker (Other End-Uses) Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 28: Global: Ice Maker (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 29: North America: Ice Maker Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 30: North America: Ice Maker Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 31: Europe: Ice Maker Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 32: Europe: Ice Maker Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 33: Asia Pacific: Ice Maker Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 34: Asia Pacific: Ice Maker Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 35: Middle East and Africa: Ice Maker Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 36: Middle East and Africa: Ice Maker Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 37: Latin America: Ice Maker Market: Sales Value (in Million US$), 2011 & 2018
  • Figure 38: Latin America: Ice Maker Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 39: Global: Ice Maker: Import Breakup by Country (in %), 2017
  • Figure 40: Global: Ice Maker: Export Breakup by Country (in %), 2017
  • Figure 41: Ice Maker Manufacturing: Detailed Process Flow

List of Tables

  • Table 1: Global: Ice Maker Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Ice Maker Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
  • Table 3: Global: Ice Maker Market Forecast: Breakup by End-Use SEctor (in Million US$), 2019-2024
  • Table 4: Global: Ice Maker Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 5: Global: Ice Maker: Import Data by Country, 2017
  • Table 6: Global: Ice Maker: Export Data by Country, 2017
  • Table 7: Ice Maker Manufacturing: Raw Material Requirements
  • Table 8: Global: Ice Maker Market: Competitive Structure
  • Table 9: Global: Ice Maker Market: Key Players
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