The global air cooled cube ice machines market is estimated to be valued at USD 1.68 billion in 2023. Sales of air cooled cube ice machines are projected to expand at an 8% CAGR from 2023 to 2033, expected to reach USD 3.63 billion.
The growing need for temperature-controlled logistics in the cold chain industry has caused a growing demand for air cooled cube ice machines. To maintain the required temperature during transportation, perishable goods such as food and pharmaceuticals are transported on ice.
A significant contribution to the growth of the air cooled cube ice machine market in the region has come from the medical industry. In hospitals and clinics, ice is widely used for a wide variety of purposes, such as the storage and transportation of vaccines and medical samples, as well as for treatment procedures such as cryotherapy.
Growing demand for reasonable and durable machinery that delivers maximum output across a range of key industries is driving the market to grow. Consumers are also increasingly interested in intricately designed products.
Air cooled cube ice machines have become increasingly popular among the industrial and pharmaceutical sectors. The rapid industrialization of the economy will drive growth in the upcoming years, and commercial ice cube machines will become increasingly popular in a variety of sectors.
Data Points | Key Statistics |
---|---|
Estimated Base Year Value (2022) | USD 1.6 billion |
Expected Market Value (2023) | USD 1.68 billion |
Anticipated Forecast Value (2033) | USD 3.63 billion |
Projected Growth Rate (2023 to 2033) | 8% CAGR |
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Future Market Insights (FMI) reports that the demand for air cooled cube ice machines will grow by 8% between 2023 and 2033, reaching USD 3.63 billion in 2033. With a compound annual growth rate (CAGR) of 5%, sales of the products increased substantially from 2018 to 2022.
Due to the increasing availability of advanced features including automatic ice production and self-cleaning systems along with an increase in the availability of advanced functions in the market. Additionally, the increasing demand for air cooled cube ice machines for use in healthcare and medical applications are also anticipated to contribute to the growth of the market.
Additionally, the trend towards eco-friendly solutions as well as the emergence of connected ice machines that can be monitored remotely and data can be collected is also expected to play a significant role in contributing to the growth of the market for air cooled cube ice machines in the near future.
Growing Demand for various end uses to drive Market Growth
Increasing demand for portable and compact machine designs is expected to drive the growth of the market a few years from now. With their improved technology and energy efficiency, air cooled cube ice machines are becoming increasingly popular in the market.
In recent years, gourmet ice cubes are becoming increasingly popular among hotels, restaurants, homes, offices, and universities as a beverage topping. In response to the increasing consumption of seafood and meat products, air cooled ice cube machines have become more popular.
Biotechnology and genetic engineering laboratories are increasingly using air cooled ice makers to store biological samples, which primarily driving the market for ice machines. Compared to other types of ice makers, air-cooled cube ice machines are a more sustainable alternative. In addition to producing less waste and emitting fewer emissions, they are also more energy-efficient.
Advanced Technologies to Grow Demand for Air Cooled Cube Ice Machines
The advent of technology has been a major driving force behind the growth of the demand for air cooled cube ice machines in recent years. These machines are becoming increasingly popular among businesses as they recognize the value of energy efficiency and cost savings.
Compared to traditional ice makers, air cooled cube ice machines offer significant energy efficiency and operating cost savings. In addition, they are significantly quieter than standard ice makers, which makes them an ideal choice for businesses where a calming environment is required. Aside from this, businesses can also offer high-quality ice to their customers with the use of these machines since the ice they produce is typically much cleaner than ice produced by traditional ice makers.
Growing Governmental Regulation to Pose Threat for air cooled cube ice machine Market
The size of the customer base is one of the primary factors that restrict the market for air-cooled cube ice machines. Due to the relatively high cost of such a machine, many smaller businesses and restaurants are incapable of justifying the investment.
Air cooled cube ice machines often produce ice that is too large for certain drinks, which may prove unsuitable for certain consumers. Furthermore, these machines often produce ice cubes with a higher melting rate, making them unattractive to some customers. In addition, installing these machines can be a lengthy and complicated process, further limiting the market for these machines.
As a result of the air being drawn through the condenser of an air-cooled machine, airborne contaminants have the potential to enter the machine as well. Airborne grease, present in every kitchen, increases the chances of sticking to the blades of the fan and the condenser coils, attracting dust and dirt. As a result, the condenser is unable to transfer heat to the air and may cause equipment damage. The ice production is reduced due to this insulation layer on the condenser.
Region | North America |
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2023 Value Share in Global Market | 29% |
Top Country | United States |
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2023 Value Share in Global Market | 18% |
According to regional distribution, the North America air cooled cube ice machine market will lead the global industry in 2023. Due to its strong market position, this region is expected to continue to dominate the market over the forecast period.
Air cooled cube ice machines manufactured in the United States constitute a significant share of the North American market. A recent survey conducted by the Bureau of Labor Statistics reported that more than 80% of ice makers sold in the United States make cube ice, and air-cooled models are generally more energy-efficient.
Across the United States, 2.5 billion ice makers are installed in commercial facilities like restaurants, hospitals, and hotels. The combined consumption of electricity by these two utilities is more than 13.5 billion kilowatt-hours (kWh) per year and the annual electricity bill is more than D1.62 billion.
In the years between 1994 and 2012, new ice makers have improved their energy efficiency considerably, increasing on average by 16 to 32 percent, outlasting the average ice maker by 7 to 10 years.
The availability of many efficient models has changed, and some of them offer modest or no energy savings over less-efficient models, which is a mutually beneficial outcome. There will be a continued increase in the number and variety of energy-efficient ice makers as new federal and state standards come into effect.
Country | Value CAGR (2023 to 2033) |
---|---|
China | 4% |
India | 5.3% |
A considerable CAGR is predicted over the projected period for the Asia Pacific air cooled cube ice machines market. Population growth, rapid urbanization, and industrial expansion are all contributing significantly to the rapid growth of this region.
Various end-use industries such as food and beverage, healthcare, and transportation contributed to growth in air cooled cube ice machine sales in the Asia Pacific region.
According to the World Economic Forum, China has emerged as the world's top manufacturing giant in the market. A wide variety of end-use industries, technological developments, and a growing awareness of the benefits of these machines are expected to drive demand for air-cooled cube ice machines in India and China.
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The Floor Standing Air Cooled Cube Ice Machine Market is Expected to Grow Significantly in the Coming Years
Ice-making companies manufacture and sell ice-making equipment with an air-cooling system that creates cube-shaped ice in the floor standing air cooled cube ice machine market. A commercial setting, such as a restaurant, bar, or hotel, as well as an industrial setting, such as a fishery or meat processing plant, typically uses these machines.
The demand for ice in the food and beverage, healthcare, and transportation industries is driving the floor-standing air-cooled cube ice machine market. The growing demand for packaged food and beverages, along with the growing number of restaurants, bars, and cafes, are driving the market for floor standing air cooled cube ice machines.
Multi Brand Stores are expected to account for maximum footfalls
Air cooled cube ice machines are in high demand across a wide variety of multi-brand retailers due to their ease of use, low maintenance requirements, and energy efficiency. Air cooled cube ice machines of various brands are becoming more readily available in single stores, which is expected to increase demand for these devices in multi-brand stores.
In recent years, the availability of seasonal discounts, membership discounts, and a variety of other offers has established a positive impact on the growth of the market. The availability of easy payment options and EMI facilities at these stores have also significantly contributed to the growth of demand for these machines in the market. Further, the availability of doorstep services and the installation of these machines have aided in the growth of this market.
Meeting customer demands and increasing production can increase revenue and market share for manufacturers through strategic partnerships. Technology will be improved for end users as new products and technologies are introduced. Strategic partnerships with other firms can help a business increase production.
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 1.6 billion |
Market Value in 2033 | USD 3.63 billion |
Growth Rate | CAGR of 8% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2022 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Installation, Equipment Type, Component Type, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Snooker; Snowsman; Brema Ice Makers; Whirpool; Scotsman; IMI Cornelius; Manitowoc; Howe Corp.; Ice-O-Matic; Danfoss AS; Follett |
Customization | Available Upon Request |
In 2023, the market is expected to attain USD 1.68 billion.
The sales are to spur to USD 3.63 billion in 2033.
Through 2033, the market is set to evolve at a CAGR of 8%.
Between 2018 and 2022, sales surged at a 5% CAGR.
With a 29% market share, the North American region captured the lead.
The floor standing air cooled cube ice machine sales to expand significantly.
1. Executive Summary | Air Cooled Cube Ice Machines Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Installation 5.1. Floor standing machine 5.2. Under counter machine 5.3. Countertop machine 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Equipment Type 6.1. Ice Making Head 6.2. Remote Condensing Unit 6.3. Self Contained Unit 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component Type 7.1. Compressor 7.1.1. Reciprocating compressor 7.1.2. Scroll compressor 7.2. Condenser 7.3. Expansion Device 7.3.1. Thermal Expansion valves 7.3.2. Electronic valves 7.3.3. Capillary tubes 7.4. Evaporator 7.5. Heat Exchanger 7.5.1. Liquid line 7.5.2. Suction line 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Offline stores 8.1.1. Multi brand store 8.1.2. Independent store 8.1.3. Hypermarkets / Supermarkets 8.1.4. Specialty store 8.2. Online retail store 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Snooker 19.2. Snowsman 19.3. Brema Ice Makers 19.4. Whirlpool 19.5. Scotsman 19.6. IMI Cornelius 19.7. Manitowoc 19.8. Howe Corp. 19.9. Ice-O-Matic 19.10. Danfoss AS 19.11. Follett 20. Assumptions & Acronyms Used 21. Research Methodology
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