Global Ice Maker Market Size is projected to reach USD 3,499.09 million by 2029, growing at a CAGR of 3.0%

 

Market Analysis and Insights: Global Ice Maker Market

Global ice maker market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.0% in the forecast period of 2022 to 2029 and is expected to reach USD  3,499.09 million by 2029. Increasing Demand for Ready-to-eat drinks owing to Busier Lifestyle and increasing demand for ice in healthcare sector acts as a driver for global ice maker market growth.

The recent trend indicates increasing demand for ice machines as investments in public and private healthcare industries continue to grow. The factors driving the growth of the ice maker market are increasing demand for cold drinks and alcoholic beverages. The Global ice maker market will witness an increased trajectory in the coming years.

Many companies are making strategic decisions, such as forming agreements with research facilities to launch new products to improve their market share. As a result, the ice maker market is growing at a rapid rate.

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Global Ice Maker Market Scope And Market Size

Global ice maker market is segmented into seven segments based on type, product type, condensing unit type, and size material application.

  • On the basis of type, the global ice maker market is segmented into modular/ice machine heads, under-counter ice machines, countertop ice dispenser/makers, combination ice/water machines, and others. In 2022, the modular/ice machine head segment is expected to dominate the ice maker market due to increasing demand for a lot of ice in food service industry.
  • On the basis of product type, the global ice maker market is segmented into cube ice, nugget ice, gourmet ice, crescent ice, flake ice, and others. In 2022, cube ice is expected to dominate the market as it has small size and also available in medium size, which is comfortable for consumers to use in any kind of food preparation which drives the growth of the market. Thus, these facts attract the consumers and hence helps the market to grow rapidly in coming years.
  • On the basis of condensing units type, the global ice maker market is segmented into AIR cooled, water cooled, remote cooled, and others. In 2021, the air-cooled segment is expected to dominate the ice maker market due to growing demand of air-cooled ice maker owning to its cheap price and easy installation.
  • On the basis of size, the global ice maker market is segmented into 7-10 OZ. CUP, 11-16 OZ.CUP, 17-24 OZ. CUP and others. In 2022, 7-10 oz cup is expected to dominate the market as this size is mostly purchased by all the industries as it is light weight, small sized and thus preferred by all industries which is driving the growth of the market.
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