Published on : Dec 17, 2019
Ice maker refers to a kind of machine that makes ice from water. Ice machine is either found in home freezer or used as an industrial machine for producing ice on a commercial basis, or as consumer device for producing ice or as a standalone gadget for ice making. The global cube ice maker market is likely to be driven by the huge demand of ice from food and beverage industry. Hospitality businesses and foodservice operations make use of ice in a wide variety of ways, mostly within the beverage industry. For instance, a company offering varieties of drinks like sodas and smoothies in its menu would need different machines for ice cubes than the one serving premium cocktails and mocktails.
Zhejiang Litian Industrial Co. Ltd., Himalyan Equipment Manufacturing Co., Changshu Lingke Electric Appliance Co. Ltd., Ice-O-Matic, Hoshizaki Corporation, and Scotsman Ice Systems are some of the prominent names in the global cube ice maker market.
Type, application, and region are the parameters based on which the global cube ice maker market has been segmented to provide a comprehensive view of the market.
Increased Use in Various Biological Sectors to Bolster its Demand in the Market
Expansion of the food and beverage industry is likely to propel the growth of the global ice maker market. Food and beverage industry is a continuously growing sector all over the world owing to the huge demand arising from continuously expanding population. In addition, there has been a rapid expansion of several fast food chains due to changing food habit and increased disposable income of the people. The global ice maker market gathers momentum from such expansion of fast food chains.
The expansion of the global ice maker market is basically propelled by the growing need of ice makers in various fields like genetic engineering, biotechnology and biochemistry laboratories, and numerous microbiology. The demand for cube ice makers have been for the purpose of storing biological samples has emerged one of the significant growth factors for the market. The global cube ice maker market is further boosted by its increasing demand for ice in cold compression therapies, which is used in the treatment of acute injuries and reduces swelling.
Ice cubes comes in two forms, full and ice. Full cube ice is a favorite with a wide variety of liquid refreshments such as water, tea, and sodas. For those facilities that serve drinks like alcohols, mocktails, and cocktails do not desire to make investment in specialty tea makers. Full cube ice is a preferred option for such setups as it can be used to serves all such beverages on the rocks. Full cube ice comes with the advantage of melting slowly and gradually and it does not water down the drinks quickly. In addition, full ice cubes also find wide use in kitchen spaces for premium and streamlined services and it requires rapid service. Furthermore, full ice cubes is needed for businesses that sell bagged ice like supermarkets or convenience stores.
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This multipurpose cube ice can prove to be extremely useful in restaurants where kitchen space make high-end preparations and need quick services. In addition, full-cube ice is also needed for businesses selling bagged ice, like departmental stores or convenience stores.
Based on end use, the global ice maker market is divided into residential, healthcare, retail, and food service, At present, food service sector commands the market due to change in consumer food habit, which has propelled rapid growth of the sector.
Driven by Innovation, North America to Remain Dominant Region in the Market
To facilitate better understanding of market dynamics, the global cube ice maker market have been segmented into Latin America, Middle East and Africa, North America, Europe, and Asia Pacific.
The research analysts estimate that North America is likely to emerge as the major contributor of revenue during the tenure of forecast. Much of the growth is attributed to the rising demand for commercial cube ice makers in the healthcare and food and beverage industries. In addition, technological development has led to launch of several innovative ice makers, which has bolstered its demand in the regional market. Europe is also likely to emerge as one of the prominent regions in the global cube ice maker market over the forecast tenure.