Ice Maker Market Size, Trends, Global Industry Analysis, Latest Insights and Competitive Outlook Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Ice Maker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global ice maker market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the ice maker market?

Report Attributes	Details
Market Size in 2022	US$ 4.8 Billion
Market Forecast in 2028	US$ 6.4 Billion
Growth rate (2023 to 2028)	CAGR of 4.57%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is Ice Maker?

An ice maker, also known as an ice machine or ice generator, refers to a kitchen appliance that is used to make a huge amount of ice in both residential and commercial settings. It is manufactured utilizing several components, which comprise compressors, motors, condensers, throttle valves, heating elements, and evaporators. Ice makers help individuals from having to stock up on ice for parties and special occasions hosted at homes or for commercial use.

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What are the growth prospects and trends in the ice maker industry?

The rising demand for ice for its usage in their daily food and beverages is driving the market growth across the globe. Apart from this, the increasing number of hotels and quick service restaurants is aiding the demand for ice makers. In addition, the rising utilization of ice in pain, swelling, and heat healing, along with other treatments in clinics and hospitals, is boosting the market growth. Moreover, the expanding healthcare industry, coupled with the growing employment of ice in various critical medical applications, is increasing the market growth. In addition, rapid population growth, coupled with increasing disposable incomes and rapid urbanization, is positively influencing the market growth. Furthermore, with the growing popularity of alcoholic beverages, like whiskey and various cocktails, the demand for ice makers is expected to propel during the forecast period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Ice Cube Maker
• Ice Flake Maker
• Ice Nugget Maker
• Others

Breakup by End Use Sector:

• Foodservice
• Retail
• Healthcare
• Residential
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Hoshizaki Corporation
• The Manitowoc Company, Inc.
• Scotsman Industries, Inc.
• Whynter LLC
• Ice-O-Matic (Mile High Equipment LLC)
• Himalyan Equipment Manufacturing Co. (HEMCO)
• MaxxIce (The Legacy Companies)
• NewAir
• Zhejiang Litian Industrial Co. Ltd.
• Sunpentown (SPT) Inc.
• Changshu Lingke Electric Appliance Co. Ltd.
• Cornelius, Inc.

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