Market Scope
Market Research Future (MRFR) expects that by 2030, the market size was valued at USD 2.3 billion in 2022. The Clear Ice Makers market industry is projected to grow from USD 2.44421 Billion in 2023 to USD 3.975794799 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.27% during the forecast period (2023 - 2032)
Major Boosters and Impediments
The rapidly burgeoning of the food and beverage sector worldwide has been a major booster for the clear ice makers market over the years. This machine is extensively used for producing large quantities of several types of fresh ice, such as flake, nuggets, cube, and more. Majority of the manufacturing firms are primarily focused on creating energy-efficient systems to cut down overall water and electricity consumption, a factor that is bound to work in favor of the global market in the following years. Advances in the healthcare sector across various countries is also fostering the sales of commercial clear ice makers, given their treatment and healing applications. In the healthcare industry, the machine helps produce hazard-free and fresh clear ice that is used for storing organs for a significant period.
Industrial clear ice makers are witnessing robust demand in the seafood & meat food processing sectors, in order to maintain the freshness of raw ingredients as well as final products. Soaring preference for frozen beverages and food on account of their low-cost, reliability as well as sustainability will further boost the adoption of clear ice makers within the food retail segment.
Companies active in the clear ice makers industry focus on spending considerable amounts on exhaustive research and development activities and introduce more advanced technologies that help bring down water and electricity consumption. Firms are also launching new types of clear ice makers that comply with the stringent energy standards imposed by local government bodies, which could ensure rapid development of the global market over the next few years.
Top Companies
The biggest names in the global market for clear ice makers listed in the report are Welbilt Inc. (United States), Electrolux AB (Sweden), Sunpentown Inc. (USA), Hoshizaki Corporation (Japan), NewAir (USA), Igloo Products Corp. (USA), Koller Refrigeration Equipment (Hong Kong), Cornelius, Inc. (the USA), Himalyanequipment Manufacturing Co. (India), Scottish Ice Cream Machines (USA), Whynter LLC (USA), and Ice-O-Matic (USA)
Segmental Review
Type, category, end-use, and distribution channel are the major market segments outlined in the MRFR study.
The types of clear ice makers available in the market include nugget ice makers, ice cube makers, flake ice makers, and more. Ice cube markers note the most significant demand in the market, primarily due to the surging use of these machines in commercial as well as residential sectors. Ice cubes are mainly consumed along with cold alcoholic as well as non-alcoholic drinks in offices, bars, homes, universities, offices, which facilitates the sales of these types of ice makers.
The categories discussed in the report are premium and mass-market.
End-users covered in the MRFR market study are commercial along with residential.
Distribution channels in the market are either store based (Specialty Stores and Supermarkets & Hypermarkets} or non-store based.
Regional Insight
Asia Pacific/APAC, Europe, North America, and RoW/rest of the world are the main markets for clear ice makers worldwide.
North America is the top market for clear ice markers, having captured the highest share of 35.64% in 2018. The North American market is also on track to achieve a decent growth rate of 6.13% over the analysis period. The regional market’s phenomenal performance is the result of technological innovations paired with the rapidly escalating sales of electronic devices. Canada along with the United States is recognised as the biggest market for clear ice makers in the region. However, the bigger market is touted to be the US while the Canadian market could record a better growth rate of 6.52% from 2020 to 2027.
Europe is the second top performer in the global market for clear ice cream makers and is fast gaining significant traction owing to the soaring demand for advanced home appliances among the mass. The high economic status of the region and the significant per capita income of the mass also uplifts the market position in the region.
The Asia Pacific market for clear ice markets should continue to grow rapidly in the years ahead, in view of the fast-paced industrialization and urbanization along with the expanding middle-income populace. Another key growth rendering factor is the prevalence of humid climate in the region in line with high consumption rate of cold alcoholic beverages, which heightens the need for clear ice cream makers. Strong presence of several renowned brands in the region that sell home appliances could also add to the market value in the coming years. As a result, the ice clear maker market in the region is presumed to thrive at the highest rate of 6.71% during the conjectured period.
Clear Ice Makers Market Highlights:
Clear Ice Makers Market Trends
Clear Ice Makers Market Analysis
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