The Asia Pacific Ice Maker Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
The rising standard of living and rapid growth of the restaurant or fast food service industries in regions such as Asia-Pacific are driving the expansion of the ice maker market. To address the increased customer demand for improved services, leading companies are expanding their investment in product development. As a result of changing consumer preferences, product innovation is a continuous process that should afford market participants lucrative growth opportunities. Market participants make continuous R&D investments to create new product models in response to fluctuating consumer demand.
For example, market rivals have developed ice makers that generate soft ice pellets to satisfy the need for consumable ice used in beverages. Similarly, increased customer demand for ice makers of various sizes, forms, capacities, and price points is encouraging market participants to develop new products. In addition, novel ice shapes are sought by food service companies for use in cocktails at fine dining chains, bars, and quick-service restaurants. Cocktail recipes define the type of ice that should be used, boosting the need for different types of clear ice, which is another reason driving the growth of the ice maker market.
The Indian pharmaceutical industry is one of the leading manufacturers of vaccines and the largest provider of generic pharmaceuticals, accounting for 20% of the overall industry. Around 60,000 generic brand names are available in sixty therapeutic areas. China provides significant opportunities for domestic and international pharmaceutical businesses to collaborate. China's pharmaceutical sector is booming due to the country's ageing population, rising per capita healthcare expenditures, and growing health consciousness. In comparison, biopharmaceutical sales account for around 15% of medicine sales in Japan and 30% of all pharmaceutical sales globally. As a result of the region's thriving pharmaceuticals industry, the demand for ice makers to transport pharmaceuticals, vaccines, and other products is anticipated to increase, boosting the market growth.
The China market dominated the Asia Pacific Ice Maker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $255.9 Million by 2028. The Japan market is estimated to grow a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Application, the market is segmented into Food Service, Food Processing, Healthcare, Retail Outlets and Others. Based on Product Type, the market is segmented into Modular, Undercounter, Countertop and Ice Dispensers. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Ice Maker Market is Projected to reach USD 3.1 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MiddleBy Corporation, Hoshizaki Corporation, Manitowoc, Inc. (Pentair plc), U.S. Ice Machine Manufacturing Co., A & V Refrigeration, Ali Group S.r.l., Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.), Howe Corporation, North Star Ice Equipment Corporation and Whynter LLC.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food Service
- Food Processing
- Healthcare
- Retail Outlets
- Others
By Product Type
- Modular
- Undercounter
- Countertop
- Ice Dispensers
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- MiddleBy Corporation
- Hoshizaki Corporation
- Manitowoc, Inc. (Pentair plc)
- U.S. Ice Machine Manufacturing Co.
- A & V Refrigeration
- Ali Group S.r.l.
- Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.)
- Howe Corporation
- North Star Ice Equipment Corporation
- Whynter LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Ice Maker Market, by Application
1.4.2 Asia Pacific Ice Maker Market, by Product Type
1.4.3 Asia Pacific Ice Maker Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Ice Maker Market by Application
3.1 Asia Pacific Food Service Market by Country
3.2 Asia Pacific Food Processing Market by Country
3.3 Asia Pacific Healthcare Market by Country
3.4 Asia Pacific Retail Outlets Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Ice Maker Market by Product Type
4.1 Asia Pacific Modular Market by Country
4.2 Asia Pacific Undercounter Market by Country
4.3 Asia Pacific Countertop Market by Country
4.4 Asia Pacific Ice Dispensers Market by Country
Chapter 5. Asia Pacific Ice Maker Market by Country
5.1 China Ice Maker Market
5.1.1 China Ice Maker Market by Application
5.1.2 China Ice Maker Market by Product Type
5.2 Japan Ice Maker Market
5.2.1 Japan Ice Maker Market by Application
5.2.2 Japan Ice Maker Market by Product Type
5.3 India Ice Maker Market
5.3.1 India Ice Maker Market by Application
5.3.2 India Ice Maker Market by Product Type
5.4 South Korea Ice Maker Market
5.4.1 South Korea Ice Maker Market by Application
5.4.2 South Korea Ice Maker Market by Product Type
5.5 Singapore Ice Maker Market
5.5.1 Singapore Ice Maker Market by Application
5.5.2 Singapore Ice Maker Market by Product Type
5.6 Malaysia Ice Maker Market
5.6.1 Malaysia Ice Maker Market by Application
5.6.2 Malaysia Ice Maker Market by Product Type
5.7 Rest of Asia Pacific Ice Maker Market
5.7.1 Rest of Asia Pacific Ice Maker Market by Application
5.7.2 Rest of Asia Pacific Ice Maker Market by Product Type
Chapter 6. Company Profiles
6.1 Hoshizaki Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Product Category and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Acquisition and Mergers:
6.2 The MiddleBy Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.3 Manitowoc, Inc. (Pentair plc)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.4 Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.5 Ali Group S.r.l.
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Acquisition and Mergers:
6.6 U.S. Ice Machine Manufacturing Co.
6.6.1 Company Overview
6.7 A&V Refrigeration
6.7.1 Company Overview
6.8 Howe Corporation
6.8.1 Company Overview
6.9 North Star Ice Equipment Corporation
6.9.1 Company Overview
6.10. Whynter LLC
6.10.1 Company Overview
TABLE 1 Asia Pacific Ice Maker Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Ice Maker Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Food Service Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Food Service Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Food Processing Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Food Processing Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Retail Outlets Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Retail Outlets Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Modular Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Modular Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Undercounter Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Undercounter Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Countertop Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Countertop Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Ice Dispensers Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Ice Dispensers Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Ice Maker Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Ice Maker Market by Country, 2022 - 2028, USD Million
TABLE 27 China Ice Maker Market, 2018 - 2021, USD Million
TABLE 28 China Ice Maker Market, 2022 - 2028, USD Million
TABLE 29 China Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 30 China Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 31 China Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 32 China Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Japan Ice Maker Market, 2018 - 2021, USD Million
TABLE 34 Japan Ice Maker Market, 2022 - 2028, USD Million
TABLE 35 Japan Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 36 Japan Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 37 Japan Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 38 Japan Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 39 India Ice Maker Market, 2018 - 2021, USD Million
TABLE 40 India Ice Maker Market, 2022 - 2028, USD Million
TABLE 41 India Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 42 India Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 43 India Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 44 India Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 45 South Korea Ice Maker Market, 2018 - 2021, USD Million
TABLE 46 South Korea Ice Maker Market, 2022 - 2028, USD Million
TABLE 47 South Korea Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 48 South Korea Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 49 South Korea Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 50 South Korea Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 51 Singapore Ice Maker Market, 2018 - 2021, USD Million
TABLE 52 Singapore Ice Maker Market, 2022 - 2028, USD Million
TABLE 53 Singapore Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 54 Singapore Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 55 Singapore Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Singapore Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Malaysia Ice Maker Market, 2018 - 2021, USD Million
TABLE 58 Malaysia Ice Maker Market, 2022 - 2028, USD Million
TABLE 59 Malaysia Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 60 Malaysia Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 61 Malaysia Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 62 Malaysia Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Ice Maker Market, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Ice Maker Market, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Ice Maker Market by Application, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Ice Maker Market by Application, 2022 - 2028, USD Million
TABLE 67 Rest of Asia Pacific Ice Maker Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Rest of Asia Pacific Ice Maker Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Key Information – Hoshizaki Corporation
TABLE 70 key Information – MiddleBy Corporation
TABLE 71 Key Information – Manitowoc, Inc.
TABLE 72 Key Information – Cornelius, Inc.
TABLE 73 Key Information – Ali Group S.r.l.
TABLE 74 Key Information – U.S. Ice Machine Manufacturing Co.
TABLE 75 Key Information – A&V Refrigeration
TABLE 76 Key Information – Howe Corporation
TABLE 77 Key Information – North Star Ice Equipment Corporation
TABLE 78 Key Information – Whynter LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Hoshizaki Corporation