Executive Summery

This report presents a detailed overview of the Ice Maker Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving Ice Maker industry landscape.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download your free sample PDF of the report– https://www.marknteladvisors.com/query/request-sample/ice-maker-market.html

Ice Maker Market Statistics and Key Highlights

The Global Ice Maker Market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.

  • Ice Maker market shows steady growth
  • Market size expanding due to rising industry demand
  • Competitive landscape driven by tech and innovation
  • Detailed segment-wise and geography wise share analysis
  • Forecast reveals strong trends shaping future outlook

Key Player- Emerging Ice Maker Companies

  • Cornelius, Inc.
  • Direct Catering Products Ltd.
  • Hoshizaki Corporation
  • Howe Corporation
  • ITV Ice Makers
  • Guangzhou Icesource Co., Ltd.
  • The Middleby Corporation
  • North Star Ice Equipment
  • Festivo-Porkka Group
  • NewAir, LLC
  • Marel
  • Manitowoc Ice
  • Scotsman Ice Systems
  • Whynter LLC
  • Ice-o-Matic
  • Others

Access Full Market Insights & Key Statistics! https://www.marknteladvisors.com/research-library/ice-maker-market.html

Use your official business email to connect with our team and enjoy full access with priority support.

Key Driver:

Rising Tourism Sector is Propelling the Demand for Ice Makers – Countries in Asia & South America are largely dependent upon tourism to generate their overall revenue & for their growth. As a result, to attract more foreign visitors, these countries provide attractive offers such as visa clearance on arrival, easy currency exchange, etc. Southeast Asian countries like Indonesia, Thailand, Vietnam, etc., have emerged as economical international tourist destinations for visitors from across the globe & especially from nearby countries like India, Middle Eastern nations, and others. This has resulted in a boom in the travel & tourism sector by encouraging business travel & leisure tourism among such countries. For instance:

  • In 2022, Thailand welcomed nearly 1 million visitors from India, which is the second largest after Malaysia. Also, in 2023, the country aims to attract about 2 million Indian visitors, stated the Tourism Authority of Thailand.

The growing number of foreign visitors is, hence, increasing the number of hotel chains in such nations. Such as, in 2021 & 2022, major hotel groups like The Standard, Melia Chiang Mai, etc., entered Thailand. These new hotels have been generating market demand for ice cube makers. In addition, ice cubes are a prerequisite for serving drinks & beverages, thereby upscaling the market sales of ice makers. 

Moreover, in the coming years, the expansion of hotels & food outlets is foreseen to enhance the need for ice makers as hotels like Hyatt Grand, Six Sense, and others are in the pipeline & are presumed to be operational by 2024. Thus, creating a conducive environment for the growth of the Global Ice Maker marker in the forecast years.

Looking for Global, Regional or country-specific reports on this market?

Visit our website or simply fill out the inquiry form, and our team will reach out with customized insights and support -  https://www.marknteladvisors.com/query/request-customization/ice-maker-market.html

Ice Maker Market Segmentation

By Type

  • Ice Cube Maker
  • Ice Flake Maker
  • Ice Nugget Maker
  • Others (Tube, Gourmet, etc.)

Ice cubes held a significant share in the Global Ice Maker Market owing to their high demand across various industries, including restaurants, bars, hotels, convenience stores, hospitals, etc.

By Output Capacity

  • Upto 100 Kgs per day
  • 1-500 Kgs per day
  • 1- 1000 Kgs per day
  • Above 1000 Kgs per day

By End Users

  • Hospitality
    • Convenience Stores
    • Quick & Full Service Restaurants
    • Hotels
  • Other Commercial Spaces

By Region

  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

North America witnessed considerable growth in the market over the past few years.

Reasons to Buy This Report

  1. Gain comprehensive insights into current market trends and dynamics.
  2. Equip your business with data-driven strategies for informed decisions.
  3. Identify lucrative market opportunities and strategic growth areas.
  4. Analyze competitors to enhance your positioning in the market landscape.
  5. Understand geographical trends across diverse markets for better expansion strategies.

Other reports

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Contact Us:

MarkNtel Advisors LLP

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511 

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

For Sales Enquiries: [email protected]