Europe Ice Maker Market, By Type (Modular/Ice Machine Head, Under Counter Ice Machines, Countertop Ice Dispenser/Makers, Combination Ice/Water Machines, and Others), Product Type (Cube Ice, Nugget Ice, Gourmet Ice, Crescent Ice, Flake Ice and Others), Condensing Units Type (Air Cooled, Water Cooled, Remote Cooled, and Others), Size (7-10 Oz. Cup, 11-16 Oz.Cup, 17-24 Oz. Cup and Others), Material (Metal, Plastic, Rubber, Fibreglass and Others), Application (Residential, Commercial, Industrial and Others), End User (Food Service and Healthcare) – Industry Trends and Forecast to 2031.
Europe Ice Maker Market Analysis and Size
The ice maker market has witnessed significant advancements, leveraging the latest methods and technologies to meet diverse consumer demands. Innovations such as smart connectivity, energy efficiency, and rapid ice production have spurred market growth. With rising consumer preferences for convenience and sophistication, manufacturers continually enhance product features, driving the market forward with unparalleled momentum and efficiency.
The Europe ice maker market size was valued at USD 587.04 million in 2023 and is projected to reach USD 715.25 million by 2031, with a CAGR of 2.5% during the forecast period 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016- 2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Modular/Ice Machine Head, Under Counter Ice Machines, Countertop Ice Dispenser/Makers, Combination Ice/Water Machines, and Others) , Product Type (Cube Ice, Nugget Ice, Gourmet Ice, Crescent Ice, Flake Ice and Others), Condensing Units Type (Air Cooled, Water Cooled, Remote Cooled, and Others), Size (7-10 Oz. Cup, 11-16 Oz.Cup, 17-24 Oz. Cup and Others), Material (Metal, Plastic, Rubber, Fibreglass and Others) , Application (Residential, Commercial, Industrial and Others), End User (Food Service and Healthcare)
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Countries Covered
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Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe)
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Market Players Covered
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AV Refrigeration (U.S.), Electrolux Professional AB (Sweden), Ali Group Worldwide (Italy), Marmon Foodservice Technologies, Inc.(U.S.), Brema Group S.p.A. (Italy), Direct Catering Products Ltd. (U.K.), Hoshizaki America, Inc.(Japan), Howe Corporation (U.S.), ITV Ice Makers Inc. (Spain), ZIEGRA Eismaschinen GmbH (Germany), Manitowoc Ice (U.S.), The Middleby Corporation (U.S.), WHYNTER LLC (U.S.), NewAir (U.S.), Orien Commercial Equipment Co., Ltd. (U.S.), Holiday Ice (U.S.), Maxx Ice (U.S.), and Summit Appliance (U.S.)
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Market Opportunities
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Market Definition
An ice maker is a device that automatically produces ice cubes or crushed ice. It's commonly found in refrigerators or as standalone appliances. By freezing water and then releasing it into a storage container, ice makers provide a convenient way to keep drinks cold without the hassle of manually filling ice cube trays. They're essential for homes, restaurants, and businesses.
Europe Ice Maker Market Dynamics
Drivers
- Increasing Demand in Food and Beverage Industry
The expanding food and beverage industry continues to propel the demand for ice makers, crucial for preserving, displaying, and serving products. As restaurants, cafes, and bars proliferate, so does the need for reliable ice-making equipment. For instance, upscale cocktail bars require specialized ice cubes for premium drinks, highlighting the market's responsiveness to diverse industry demands. This growth trajectory underscores the integral role of ice makers in catering to evolving consumer preferences and industry standards.
- Focus on Energy Efficiency
The growing environmental consciousness among businesses and consumers is propelling demand for energy-efficient ice makers, aiming to minimize electricity consumption and operational expenses. For instance, commercial establishments such as hotels and restaurants are increasingly opting for ENERGY STAR-certified ice makers, which not only reduce energy usage but also qualify for rebates and incentives, aligning with sustainability goals while saving on long-term operating costs.
Opportunities
- Rise in Residential Demand
The surge in residential demand for ice makers, fueled by the growing trend of home entertaining and the desire for upscale amenities, propels the market forward. For instance, households are increasingly integrating built-in ice makers into their kitchen islands or outdoor bars to elevate the hosting experience. This demand reflects a broader shift towards creating luxurious and convenient living spaces, further boosting the residential segment of the ice maker market.
- Growing Increasing Hospitality Sector
The burgeoning hospitality sector, encompassing hotels, restaurants, bars, and cafes, propels the demand for ice makers as they are essential for meeting the constant need for chilled beverages. For instance, the expansion of luxury hotels in tourist destinations such as Dubai has spurred a surge in the procurement of high-capacity ice makers to cater to the demands of discerning guests, highlighting the symbiotic relationship between hospitality growth and ice maker market expansion.
Restraints/Challenges
- Water Quality Concerns
Water quality concerns pose a significant hindrance to the ice maker market. Contaminated water affects ice taste and clarity, raising health concerns among consumers. Manufacturers face the challenge of addressing these issues to maintain consumer confidence. Failure to mitigate water quality problems can lead to decreased trust and reduced demand for ice makers.
- Seasonal Demand Fluctuations
Seasonal demand fluctuations, particularly higher demand during warmer months or in hot climates, pose a significant challenge for ice maker manufacturers. Managing production schedules and inventory levels to align with fluctuating demand becomes arduous, hindering market stability. This unpredictability can lead to inefficiencies and increased costs, impacting the overall profitability of manufacturers in the ice maker industry.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In July 2022, Hoshizaki Corporation expanded its presence in China by acquiring a prominent catering equipment reseller, aiming to bolster its commercial kitchen design and fit-out services. This strategic move targets Bremao, Hoshizaki's icemaker competitor, amplifying its reach across multi-site restaurant, supermarket, and convenience store channels, thereby enhancing profitability in the ice makers industry
- In April 2022, Marel completed the acquisition of Sleegers Techniek B.V., a Dutch company specializing in interleaving, stacking, loading, and slicing solutions for global food processors. This integration strengthens Marel's position in the case-ready and prepared meals sectors, leveraging combined offerings to enhance competitiveness in the ice makers industry
- In March 2022, Welbilt, Inc. finalized the sale of its Manitowoc Ice business to Pentair plc for approximately 1.6 billion USD. This strategic divestiture facilitated debt reduction, safeguarded against insolvency, and optimized the corporation's debt-to-equity ratio. Manitowoc Ice's comprehensive line of ice machines now operates under Pentair plc's stewardship
- In October 2021, ITV ICE MAKERS S.L. showcased its latest advancements in ice machine technology at the HOST 2021 fair in Milan, focusing on hospitality equipment. This participation enabled ITV to engage with consumers, highlight innovations in the ice machines market, and reinforce its brand presence among industry stakeholders
Europe Ice Maker Market Scope
The market is segmented on the basis of type, product type, condensing unit type, size, material, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Modular/Ice Machine Head
- Under Counter Ice Machines
- Countertop Ice Dispenser/Makers
- Combination Ice/Water Machines
- Others
Product Type
- Cube Ice
- Nugget Ice
- Gourmet Ice
- Crescent Ice
- Flake Ice
- Others
Condensing Units Type
- Air Cooled
- Water Cooled
- Remote Cooled
- Others
Size
- 7-10 Oz. Cup
- 11-16 Oz.Cup
- 17-24 Oz. Cup
- Others
Material
- Metal
- Plastic
- Rubber
- Fibreglass
- Others
Application
- Residential
- Commercial
- Industrial
- Others
End User
- Food Service
- Healthcare
Europe Ice Maker Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by type, product type, condensing unit type, size, material, application and end user as referenced above.
The countries covered in the market report are Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe.
Russia is expected to dominate the ice maker market, leveraging abundant availability and competitive pricing. With easy access to ice makers at reasonable rates, the region anticipates significant dominance, catering to diverse consumer needs and driving market growth in the foreseeable future.
France is expected to show significant growth in the ice maker market as the increased usage of various types of ice in beverages at restaurants and bars drives demand. This trend underscores the market's expansion, fueled by evolving consumer preferences and hospitality industry demands.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Ice Maker Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- AV Refrigeration (U.S.)
- Electrolux Professional AB (Sweden)
- Ali Group Worldwide (Italy)
- Marmon Foodservice Technologies, Inc. (U.S.)
- Brema Group S.p.A. (Italy)
- Direct Catering Products Ltd. (U.K.)
- Hoshizaki America, Inc.(Japan)
- Howe Corporation (U.S.)
- ITV Ice Makers Inc. (Spain)
- ZIEGRA Eismaschinen GmbH (Germany)
- Manitowoc Ice (U.S.)
- The Middleby Corporation (U.S.)
- WHYNTER LLC (U.S.)
- NewAir (U.S.)
- Orien Commercial Equipment Co., Ltd. (U.S.)
- Holiday Ice (U.S.)
- Maxx Ice (U.S.)
- Summit Appliance (U.S.)
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