Sharp declines in per capita disposable income greatly reduced overall demand for manufactured ice early in the five years to 2015. Because demand for manufactured ice is fairly elastic, many consumers were quick to suspend all purchases of ice and instead freeze their own ice cubes through their home refrigerators. Over the five years to 2020, stable input costs and gradual increases in per capita disposable income will generate steady growth. Although the industry has struggled with consolidation following several mergers, bankruptcies and declines in industry wage payments, ice manufacturing activities have become increasingly lean, and operators have been able to take advantage of cost-effective ice manufacturing equipment.
This industry primarily manufactures ice. Companies in the industry freeze water into varying forms of block and cubed ice to be sold in bags. The industry does not include dry ice production.
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.