Ice Maker Market Worth $5 Billion by 2019, Growing at 7.9% CAGR

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Oct 12, 2015, 12:45 ET

PUNE, India, October 12, 2015 /PRNewswire/ --

Global Ice Maker Market 2015-2019 research report segments the industry by type (ice cube, ice flake, and ice nugget), end-users (food and services, healthcare, retail outlets/grocery stores, and residential users) and geography (Americas, APAC and EMEA).

Complete report on ice maker market spread across 65 pages, analyzing 4 major companies and supported with 33 data exhibits is now available at http://www.reportsnreports.com/reports/427641-global-ice-maker-market-2015-2019.html .

Expansion of fast food chains across the globe is primarily driving the ice maker market growth. The Americas dominate the global ice maker market, occupying 38% of the total market share. Much of this region's growth can be attributed to the presence of established supermarkets and retail chains. The ice maker machines are predominantly used in the medical and food services industry in this region. This latest report provides a breakdown and analysis of the ice makers segments by technology.

"Market vendors are hugely investing in various R&D approaches to increase the operational life of ice makers. Companies are experimenting on various types of evaporator plates to increase machine life and reliability of ice makers. Recently, Hoshizaki has introduced plates made of stainless steel to increase the durability of ice makers. Vendors are also introducing machines that are waterproof and dirt and corrosion resistant, with a UV disinfection system," says an analyst about this new, 2015 ice maker market research.

Ice cube makers dominate the ice maker market, covering around 39% of the total market. Rising number of restaurants across the globe, have triggered the demand for ice cube makers. Besides, residential and food and services industries, ice cubes are used in grocery stores for cold storage purpose. This is expected to be the fastest growing segment in ice maker market during the forecast period, posting a market growth rate of 8%.

The key players in the global ice maker market include Manitowoc, Hoshizaki, Scotsman, and Ice-O-Matic. Competition in this market is based on brand recognition, quality of the product, innovation, performance, and price. Diversified vendors are estimated to have a competitive advantage over other companies as they can offer a broad range of service at a competitive price. Other companies simply mentioned in this research include Cornelius, MaxxIce, Newair, SPT and Whynter. Order a copy of Global Ice Maker Market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=427641 .

Ice machines used in the healthcare industry are different from the machines used in the food and services industry. Usually in the healthcare sector, hospitals use nuggets and flake ice makers for storing organs and treating injuries. For instance, in cold compression therapy, a large quantity of ice is required, which mandates the demand for in-house ice-making facility. For this therapy, ice is used to lessen inflammation and swelling to delicate tissues. The treatment is particularly helpful for sprains, strains, pulled muscles, and pulled ligaments. Flake ice is particularly used to treat sprains and bruises, as well as in the transportation of organs and tissues.

On a related note, the Global Ice Flaker Market 2015-2019 - Market Analysis Report forecasts a 7.84% CAGR for ice flaker industry to 2019. To calculate the market size, this research uses revenue generated from the sale of commercial ice flakers worldwide. Follett, Hoshizaki, North Star Ice Equipment, Scotsman, The Manitowoc Company, Bionics Scientific Technologies, Brema Ice Makers, BUUS Refrigeration, Electrolux, Focusun Refrigeration, GEA, Howe Corporation, MAJA and Telstar Group are companies mentioned in this 76 pages research available at http://www.reportsnreports.com/reports/426179-global-ice-flaker-market-2015-2019-market-analysis-report.html .

Explore more reports on manufacturing market as well as semiconductor and electronics industry at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .

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