The commercial ice machines are essential equipment in the foodservice, food processing, and hospitality industry. The size of commercial ice machines varies according to the requirement. Ice is the most required product in the foodservice industry to serve consumers with beverage products. Also, the commercial ice machines have increasing demand from the retail and household sector for individual use.
The requirement of the ice machines varies according to the requirement of the user. For instance, a small-scale commercial ice machine is usually used as an individual appliance or that can fit inside the freezer. However, large-scale production requires separate larges size commercial ice machines to be installed.
The manufacturer offers a wide range of commercial ice machines, including cube ice makers, flake and Pearl Ice makers and others according to the consumer requirement.
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Commercial Ice Machines Market: Market Dynamics
Foodservice sector including food outlets, cafes, bars, restaurants, hotels and others accounts majority of demand for commercial ice machines. Mostly foodservice outlets prefer large size commercial ice machines that are driving the demand for commercial ice machines as increasing sales of beverages and processed food products.
The manufacturers of commercial ice machines are focused on providing high-quality products along with a warranty of service and maintenance which fueling the growth of the global commercial ice machines market.
Also, the manufacturers are focused on developing commercial ice machines with less electricity consumption which can save additional electricity cost of consumer. With developing science and technology, the commercial ice machines are upgrading to meet the consumer demand for automated products.
Commercial Ice Machines Market: Key Players
Some of the key players are operating in the global commercial ice machines market are
- Hoshizaki
- Scotsman
- Brema Ice Makers
- Cornelius
- Electrolux
- Vogt
- U-LINE
- ORIEN
- Snowsman
- Manitowoc
- Ice-O-Matic
- Follett
- Külinda
- AGA MARVEL
- MAJA
- Kold-Draft
- Snooker
- Grant Ice Systems.
These key players are focused on expanding business overseas through acquisitions, mergers, partnerships with regional players. Some of the key players in the commercial ice machines market are engaged in collaborating with the big foodservice and hospitality chains to increase the sales revenue of the company.
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Opportunities for the Key Players in the Global Commercial Ice Machines Market
U.S. and Western European countries is anticipated to dominate the global commercial ice machines market, owing high number of fast food outlets across the market. The increasing number of foodservice outlets including bars, restaurants, hotels, and café culture in Europe is making it a prominent region in the global commercial ice machines market.
Along with the high disposable income and modern lifestyle of the European consumer resulting in the increased demand for the commercial ice-making machines for the household use. Besides, the emerging economies in the Asia Pacific region witnessing high growth of fast-food chains resulting into high demand for commercial ice machines for the storage of the food and serving the drinks.
Thus, the Asia Pacific is expected to register significant growth rate during the forecast period of the global commercial ice machines market
Impact of COVID-19 on the Global Commercial Ice Machines Market
The world is facing an unprecedented threat from the COVID-19 pandemic caused by the SARS-or-2 virus (referred to as the COVID-19 virus). The pandemic is causing the economic slowdown and unemployment, which becomes the key issue during this pandemic in the world.
The lack of work force and disrupted supply chain are slow downing the growth of the global commercial ice machines market. Foodservice and hospitality industries are suffering the most during this pandemic, as they are hotspots for the spread of COVID-19.
Recently, few countries have allowed open foodservice outlets, however, due to the huge loss these industries are focused on the cost-cutting strategy to sustain during the pandemic and work with existing equipment to avoid expenses.
Also, people are focused on savings to survive during the pandemic COVID-19 and are spending on essential goods, especially food and beverage. These factors are impacted the growth of the global commercial ice machines market. The commercial ice machines market is expected to witness a steady growth rate until the pandemic normalizes across the globe.
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Regions and Countries Analyzed in the Report
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Commercial Ice Machines Market: Segmentation
By Product Type
- Air-Cooled Ice Maker
- Water-Cooled Ice Maker
By End Use
-
- Foodservice Industry
- Food Processing Industry
- Hypermarkets/Supermarkets
- Conventional Stores
- Others
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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