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Ice Maker Market Share

Report ID: GMI4419
Published Date: Mar 2024
Report Format: PDF

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Ice Maker Market Share

Global Company Market Share Analysis, 2023

In 2023, dominant market players including Hoshizaki Corporation, Manitowoc Ice, Scotsman Ice Systems, Follet corporation, Cornelius, Inc. collectively held 20% - 25% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Ice Maker Market Companies

Major players operating in the ice maker industry are:

Hoshizaki Corporation
Manitowoc Ice
Scotsman Ice Systems
Follet corporation
Cornelius, Inc.
Ice-o-Matic
KOLD-DRAFT
Brema Ice Makers
Icematic
Marx Ice
Marvel Refrigeration
U-Line Corporation
Polar Ice
Howe Corporation
Newair

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Ice maker industry size was USD 2.5 billion in 2023 and is expected to register 3.7% CAGR from 2024-2032 owing to rising urbanization, changing consumer lifestyles, and increasing disposable incomes, worldwide.

The ice cubes segment recorded USD 1.1 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their ability to improve the appearance and quality of drinks, especially in luxury pubs and restaurants.

North America ice maker industry reached USD 755 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rising consumer demand and evolving lifestyle trends in the region.

Manitowoc Ice, Scotsman Ice Systems, Follet corporation, Cornelius, Inc., Ice-o-Matic, KOLD-DRAFT, Brema Ice Makers, Icematic, Marx Ice, Marvel Refrigeration, U-Line Corporation, Polar Ice, Howe Corporation, and Newair, are some of the major ice maker companies worldwide.