Global Commercial Ice Maker Machine Market 2016-2020
About Commercial Ice Maker Machine
An icemaker or an ice machine is a consumer device or a kind of refrigeration machinery for the production of ice. The size of an ice machine generally varies depending on the requirement. For instance, a small-scale ice maker is usually used as an individual appliance or fitted inside a freezer. However, large-scale production requires separate ice makers to be installed. A typical ice maker consists of control modules, motors, thermostats, heater terminals, valves, and blades. The term icemaker is more versatile, as some manufacturers refer to their products as packaged ice machines, whereas others use ice maker.
Technavio’s analysts forecast the global commercial ice maker machine market to grow at a CAGR of 8.12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial ice maker machine market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of the different types of commercial ice maker machine.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Ice Maker Machine Market 2016-2020
Technavio recognizes the following companies as the key players in the global commercial ice maker machine market: Ali Group, Follett, Hoshizaki, and The Manitowoc Company.
Other prominent vendors in the market are: Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA, and Telstar.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is technological advances. The global ice maker machine market is witnessing the introduction of various technologies that have improved the reliability, durability, cost savings, convenience, and sanitation of these machines. The improvement and integration of controls are gaining attention among vendors. The latest equipment models can detect failures and simplify troubleshooting, eliminating the need for manual inspection. Such intelligent diagnostics systems determine the issues by constantly monitoring sub-system controls and refrigeration. For instance, Scotsman has launched a sensing probe which can monitor the quality of water and raise an alert if necessary. Growth inhibitors such as LuminIce by Manitowoc is another innovation in the market, which works on reducing bacteria, slime, and mold in the food zone, improving the safety of food products. Vendors are also integrating communication technologies that enable the remote diagnosis of technical and operational issues through the connection and exchange of information over the Internet. All these technologies are expected to drive demand in the market, especially in developed economies.”
According to the report, one of the primary drivers in the market is increased penetration of fast food chains. The rapid expansion of fast food chains in developing countries has significantly boosted the demand for ice makers. The global fast-food industry generates annual revenue of over $570 billion. These fast food chains required ice for the storage of food items as well for serving ice with the drinks. The advances in technology and the availability of ice makers in several size and capacity have gained their attention as the production of in-house ice is more economical than procuring ice from outside. The penetration of fast food chains is increasing in countries such as India, with the entry of global fast food chains. This is propelling the demand for commercial ice maker machines. Restaurants, hotels, and foodservices providers increasingly depended on durable ice maker machines, particularly for preserving meat, fresh produce, seafood and in salad bars, and blended cocktails.
Further, the report states that one major challenge in the market is space constraints. While commercial ice maker machines are not typically bulky, finding room for ice machines poses a challenge to retail stores, restaurants, and other industries. An ice machine needs space for the equipment, bin and water filter. In addition to this, air cooled ice machines require proper ventilation to keep the unit cool and maximize ice production. With costs of floor spaces rising, customers may be forced to refrain from spending on this equipment. Also, customers often use one machine to produce ice at one location and transported it to their other facilities to limit multiple equipment purchases. In addition, ice maker machines are often kept in basements with limited air circulation, leading to breakdowns due to overheating, which increases operational costs. Vendors must introduce space-efficient machines to combat these challenges and facilitate adoption.
Ali Group, Follett, Hoshizaki, The Manitowoc Company, Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA, Telstar.