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Ice Maker Market Trends

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

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Ice Maker Market Trends

There are increasing trends in the market such as, the integration of smart technology into ice makers enables remote diagnosis, control, and observation. smartphone apps or cloud-based platforms, smart features allow users to modify ice production settings, track ice levels, and receive notifications for maintenance needs. Customization has also played a significant role in market. The foodservice sector and specialty beverage sectors are seeing a rise in demand for customized ice cubes, nugget ice, and resembling ice. To meet a wide range of consumer tastes, manufacturers are now creating ice producers that can produce multiple forms of ice.

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.