The Global Ice Maker Market size was valued at around USD 5.78 billion in 2024 and is projected to reach USD 7.20 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.73% during the forecast period, i.e., 2025-30.
Global Ice Maker Market Driver:
Rising Tourism Sector is Propelling the Demand for Ice Makers – Countries in Asia & South America are largely dependent upon tourism to generate their overall revenue & for their growth. As a result, to attract more foreign visitors, these countries provide attractive offers such as visa clearance on arrival, easy currency exchange, etc. Southeast Asian countries like Indonesia, Thailand, Vietnam, etc., have emerged as economic international tourist destinations for visitors from across the globe & especially from nearby countries like India, Middle Eastern nations, and others. This has resulted in a boom in the travel & tourism sector by encouraging business travel & leisure tourism among such countries.
The growing number of foreign visitors is, hence, increasing the number of hotel chains in such nations. Such as, Recently, major hotel groups like The Standard, Melia Chiang Mai, etc., entered Thailand. These new hotels have been generating market demand for ice cube makers. In addition, ice cubes are a prerequisite for serving drinks & beverages, thereby upscaling the market sales of ice makers.
Moreover, in the coming years, the expansion of hotels & food outlets is foreseen to enhance the need for ice makers as hotels like Hyatt Grand, Six Sense, and others are in the pipeline & are presumed to be operational. Thus, creating a conducive environment for the growth of the Global Ice Maker market in the forecast years.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Ice Maker Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Ice Cube Maker
- Ice Flake Maker
- Ice Nugget Maker
- Others (Tube, Gourmet, etc.)
- By Output Capacity
- Upto 100 Kgs per day
- 100.1-500 Kgs per day
- 500.1- 1000 Kgs per day
- Above 1000 Kgs per day
- By End Users
- Hospitality
- Convenience Stores
- Quick & Full Service Restaurants
- Hotels
- Other Commercial Spaces
- Hospitality
- By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Cornelius, Inc., Direct Catering Products Ltd., Hoshizaki Corporation, Howe Corporation, ITV Ice Makers, Guangzhou Icesource Co., Ltd., The Middleby Corporation, North Star Ice Equipment, Festivo-Porkka Group, NewAir, LLC, Marel, Manitowoc Ice, Scotsman Ice Systems, Whynter LLC, Ice-o-Matic, and Others
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