The Ice Making Machine Manufacturing industry experienced marginal growth over the five years to 2017. Healthcare, hospitality and food service providers are the industry's primary markets. Over the past five years, stronger revenue from hospitals, due to an aging US population and an increased need for medical care, helped lead to an increase in ice machine purchases. Nevertheless, the industry experiences intense and persistent competition from overseas imports, especially from nations like China, which benefit from lower regulatory and labor costs. These competitive pressures have tempered any significant industry revenue and profit growth. Over the next five years, industry growth is expected to continue, as demand from downstream leisure, hospitality, healthcare and food service markets expands.
This industry manufactures ice making machines, including ice cube makers, ice flake makers and combination ice makers, primarily served to commercial markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.