<p class="rtejustify">The expansion of fast food chains across the globe has driven the demand for ice makers, as these machines are mostly used for addressing the consumer needs. For instance, the APAC region is undergoing a rapid expansion of retail fast food chains, which in turn is increasing the demand for ice makers. Technavio’s market research analyst predicts the ice maker market to grow at a rate of 8% during the forecast period.</p>
<img class="alignnone size-full wp-image-11459" src="https://refindustry.com/wp-content/uploads/2018/03/ice-maker.jpg" alt="" width="175" height="225" />
<p class="rtejustify">The constant innovation in the ice maker market is positively contributing to the market growth. For instance, Indigo, developed by Manitowoc provides intelligent diagnostics and 24/7 monitoring. Other machines from the same manufacturer are highly efficient in energy and water usage. These devices help the consumer to plan ahead for each phase of the ice making procedure.</p>
<h3><strong>Segmentation by type and analysis of the ice maker market</strong></h3>
<ul>
<li>Ice cube maker</li>
<li>Ice flake maker</li>
<li>Ice nugget maker</li>
</ul>
<p class="rtejustify">The ice cube maker segment is expected to grow at a rate of 8% during the forecast period. The growth of this segment is attributed to the extensive usage of ice cube machines from residential and food and services industries. The demand for these machines is expected to increase in the APAC region due to the expansion of several retail stores in the region.</p>
<h3><strong>Segmentation by end user and analysis of the ice maker market</strong></h3>
<ul>
<li>Food and services</li>
<li>Healthcare</li>
<li>Retail outlets/grocery stores</li>
<li>Residential users</li>
</ul>
<p class="rtejustify">The food and services segment accounted for the largest market share during 2014 and is expected to reach USD 2 billion by the end of the forecast period. The rising number of restaurants being set up worldwide is the key driver for the growth of this segment. For instance, ice cubes are preferred when food and drinks are served outdoors, whereas flake ice is popular in the salad bar to give vegetables a fresh taste and look.</p>
<h3><strong>Geographical segmentation and analysis of the global ice maker market</strong></h3>
<ul>
<li>Americas</li>
<li>APAC</li>
<li>EMEA</li>
</ul>
<p class="rtejustify">The Americas dominate the global ice maker market and is expected to reach USD 2 billion by the end of 2019. The presence of established supermarkets and retail chains in this region have been contributing to the growth. The ice maker machines are predominantly used in the medical and food services industry in this region. The report predicts the Americas to witness a decline in growth due to market saturation during the forecast period.</p>
<h3><strong>Competitive landscape and key vendors</strong></h3>
<p class="rtejustify">The global vendor landscape includes manufacturers, distributors, and online retailers of ice maker machine. Competition in the market is based on brand recognition, quality of the product, innovation, performance, and price. The research report predicts diversified vendors to have a competitive advantage over other companies as they can offer a broad range of service at a competitive price.</p>
The leading vendors in the market are -
<ul>
<li>Manitowoc</li>
<li>Hoshizaki</li>
<li>Scotsman</li>
<li>Ice-O-Matic</li>
</ul>
Other prominent vendors in the market include Whynter, Newair, Cornelius, MaxxIce, and SPT.
<a href="https://www.technavio.com/report/global-ice-maker-market-2015-2019-market-research" target="_blank" rel="noopener">Read More</a>
Related tags: Scotsman