Oceania commercial ice machine market size would be worth USD 80.9 million in 2023. It would exceed USD 133.9 million by 2033. Commercial ice machine demand would surge at a steady 5.1% CAGR from 2023 to 2033.
The market registered a CAGR of 3.5% between 2018 and 2022. The market currently holds around 60% to 65% of ice machine market share.
Hectic lifestyle and increased disposable income have resulted in the development of fast food chains. It has increased the need to store perishable items, mainly food ingredients and seafood.
Rising demand for chilled beverages would also propel the ice machine market in Oceania. The target market is driven by growing popularity of leading fast food restaurants. These include such as McDonald's, Subway, Starbucks, Burger King, KFC, and Pizza Hut.
Restaurants are equipped with ice machines to efficiently serve customers during peak hours. These dine-in restaurants follow self-service protocols.
They have pre-installed ice machines where customers can easily grab ice. Hence, all these factors are expected to drive the market in Australia and New Zealand.
Cold compression therapy also requires lots of ice. Increasing requirement of ice for organ and tissue implantation is responsible for growth in the Oceania ice machine industry.
Ice is extensively used in various applications in the healthcare sector. It is used in swelling treatment, physical therapy, hydration, and others.
Ice machines are also used to produce hazard-free and fresh ice for long-term organ storage. Increasing use of ice in cold compression therapy and tissue & organ transplantation would also push commercial ice machine demand in Australia & New Zealand.
Ice machines play an important role in biochemistry, biotechnology, and other medical research laboratories. These are used for storing biological samples. These also assist in the transport of these samples to other facilities.
Rising demand for energy-efficient ice machines in the healthcare industry would drive sales. Sustainable and energy-efficient commercial ice maker machines are used to reduce water and electricity consumption.
| Attributes | Key Insights |
|---|---|
| Oceania Commercial Ice Machine Market Estimated Size (2023E) | USD 80.9 million |
| Projected Market Valuation (2033F) | USD 133.9 million |
| Value-based CAGR (2023 to 2033) | 5.1% |
| Collective Value Share: Top Players (2022A) | 50% to 60% |
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Commercial ice machine manufacturers in Oceania are focused on supplying high-quality goods. They are striving to offer cost-effective service and maintenance warranties. It is supporting growth in the Oceania commercial ice machine market.
Manufacturers are concentrating on producing commercial ice makers with low power use. It might save modern consumers money on additional electricity costs. Commercial ice machines are being upgraded to fulfill demand for automated goods as science and technology advances.
Few manufacturers are concentrating on producing energy-efficient systems that would reduce total power and water use. Oceania commercial ice machine market would expand at a CAGR of 5.1% from 2023 to 2033, says Future Market Insights (FMI).
Leading Commercial Ice Crusher Companies to Focus on Sustainable Equipment Launches
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High Possibility of Water Leakage Might Hamper Demand for Commercial Ice Makers
| Country | Australia |
|---|---|
| Market Share (2023) | 65.9% |
| Market Share (2033) | 63.3% |
| BPS Analysis | (-) 260 |
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Ice Manufacturing Industry in Oceania to Opt for Under Counter Machines
Based on machine type, the under counter ice maker sub-segment would hold a significant share of more than 35% during the forecast period. It falls under the free-standing category.
Countertop ice makers are designed to fit under the counter. These are considered to be the best choice for most bars, coffee shops, and small restaurants based on their compatibility.
Commercial under the counter ice machine manufacturers are introducing new products. They are equipping their products with improved durability, water efficiency, and ice productivity.
For instance, Scotsman Ice Systems offers CU50 64 stainless steel under-counter commercial cube ice maker machines. It offers a sensor for detecting the quality of water.
Ice Cube Dealers to Exhibit High Demand in Oceania amid Surging Usage in Healthcare Facilities
Based on ice type, cube ice category would dominate the target market. Cube ice is used in any kind of food preparation. These are available in small and medium sizes as per requirements.
Rising usage of ice cubes in hotels and restaurants for non-alcoholic and alcoholic beverages is paving a new way for growth. Such factors are appealing to customers, which alternatively help in market expansion.
Ice cubes have been useful in the healthcare sector. These are used to accelerate healing and prevent acne. These are also used as a remedy to relieve swelling by reducing blood flow to the injured area.
Need for Large Commercial Ice Machines to Soar among Beverage Manufacturers
Demand for beverages is rising across Australia & New Zealand. Summers are getting hotter & longer in these countries as a result of global warming.
People are increasingly inclined toward cold drinks rather than hot beverages. It has further increased the demand for ice in these countries.
Consumers prefer ice in almost every type of drink. These include alcoholic beverages, juices & juice concentrates, and functional drinks. It would propel growth in the Oceania ice maker market.
For instance, from 2019 to 2020, non-alcoholic beverage consumption accounted for around 22.6% of per capita daily consumption. The Australian Bureau of Statistics indicated a push toward specialty beverages prior to the pandemic.
Market participants are constantly looking for innovative methods to enhance their reach in the industry. They are building new strategic relationships with local players or suppliers.
They are also engaging in product innovations to attain new levels of efficiency. It would help leading players to reduce operational expenses.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 80.9 million |
| Projected Market Valuation (2033) | USD 133.9 million |
| Value-based CAGR (2023 to 2033) | 5.1% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) |
| Countries Covered | Australia, New Zealand |
| Key Segments Covered | Machine Type, End Use, Ice Capacity, Condensing Unit, Ice Type, Country |
| Key Companies Profiled | Hoshizaki; Ali Group S.r.l.; Brema Ice Makers; Berkshire Hathaway, Inc.; Electrolux Professional; Vogt Ice; Stuart Ice Makers; Manitowoc; Follett Products, LLC; Bromic Group Pty Ltd (Bromic Refrigeration); Polar Refrigeration; Icetro Co. Ltd.; New Aim Pty Ltd.; Other Players (As per request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 80.9 million in 2023.
The market is anticipated to expand at a 5.1% CAGR through 2033.
Rising demand for chilled beverages is driving market growth.
From 2018 to 2022, the market expanded at a 3.5% CAGR.
Beverage services are the key end-user in the market.
1. Executive Summary | Oceania Commercial Ice Machine Market 2. Market Overview 3. Key Market Trends 4. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Market - Pricing Analysis 6. Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Market Background 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Machine Type 8.1. Modular/ Built-in 8.2. Free-standing 8.2.1. Under Counter 8.2.2. Countertop 8.2.3. Combination (Ice / Water) 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Ice Capacity 9.1. 1500 lbs Above 9.2. 500 to 1500 lbs 9.3. 50 to 500 lbs 9.4. 0 to 50 lbs 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Condensing Unit 10.1. Water Cooled 10.2. Air Cooled 10.3. Remote Air Cooled 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use 11.1. Hotels and Restaurant 11.2. Beverage Service 11.2.1. Juice Bars 11.2.2. Cocktail Bars 11.2.3. Dairy 11.3. Cafeteria 11.4. Commercial Canteens and Catering 11.4.1. Government and Private Offices 11.4.2. Educational Institutions 11.4.3. Railway / Ship Canteen 11.4.4. Hospital Canteens 11.5. Healthcare Facilities 11.6. Food Carts / Food Trucks 11.7. Ice Cream Outlets 11.8. Convenience Stores and On-the-Go Restaurants 11.9. Fast Food Restaurants 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Ice Type (% of Demand) 12.1. Cube Ice 12.2. Flake Ice 12.3. Cublet Ice 13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country 14. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Market Structure Analysis 16. Competition Analysis 16.1. Hoshizaki 16.2. Ali Group S.r.l 16.3. Brema Group S.p.A 16.4. Berkshire Hathaway, Inc. 16.5. Electrolux Professional 16.6. Vogt Ice 16.7. Stuart Ice Makers 16.8. Manitowoc (Pentair Group’s Company) 16.9. FOLLETT PRODUCTS, LLC. 16.10. Grant Ice Systems 16.11. Bromic Group Pty Ltd (Bromic Refrigeration) 16.12. Polar Refrigeration 16.13. Icetro Co. Ltd. 16.14. Itv Ice Makers Inc. 16.15. Others (As Per Request) 17. Assumptions and Acronyms Used 18. Research Methodology
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Oceania Commercial Ice Machine Market
