The analysts forecast the global ice maker market to grow at a CAGR of 8.26% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global ice maker market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in market is growing demand for products with improved features. The global ice maker market is also witnessing the introduction of new and efficient technologies, which can improve the durability, sanitation, and productivity of the ice makers. The vendors are looking to provide ice making solutions that can automatically diagnose the issues through constant monitoring of sub-system controls and refrigeration. For instance, Scotsman Ice Machines offers an under counter ice cube maker, which detects the quality of water with its water quality sensor. It detects hard water conditions and the control system removes mineral-laden water with each harvesting cycle.
According to the report, one driver in market is growth in organized retail. The increase in consumer spending at supermarkets and grocery stores has triggered the expansion of such store formats around the world. The people are spending more at the retail establishments like supermarkets, convenience stores, and hypermarkets. For instance, expenditure by the consumers in the US at supermarkets and grocery stores is expected to reach around $43 billion by the end of 2020 compared with that of 2016, which was around $40 billion. The growth in consumers' spending at these retail outlets has influenced the various retail brands to expand.
For instance, in 2015, ALDI, a supermarket company, announced its plans to add more than 80 new stores in Australia by the end of 2016. Similarly, in early 2016, Loblaw, a retail food company, announced its plans to open more than 20 new stores in Canada by the end of 2016.
- Increase in the number of foodservice establishments.
- Phasing out of refrigerants.
- Growing demand for products with improved features.
- Manitowoc Ice
- Scotsman Ice Machines
Other prominent vendors
- Bionics Scientific Technologies
- Brema Ice Makers
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