Global Ice Maker Market 2017-2021 - Research and Markets
March 27 2017 - 6:36AM
Business Wire
Research and Markets has announced the addition of the "Global
Ice Maker Market 2017-2021" report to their offering.
The analysts forecast the global ice maker market to grow at a
CAGR of 8.26% during the period 2017-2021.
The report covers the present scenario and the growth prospects
of the global ice maker market for 2017-2021. To calculate the
market size, the report presents a detailed picture of the market
by way of study, synthesis, and summation of data from multiple
sources.
One trend in market is growing demand for products with improved
features. The global ice maker market is also witnessing the
introduction of new and efficient technologies, which can improve
the durability, sanitation, and productivity of the ice makers. The
vendors are looking to provide ice making solutions that can
automatically diagnose the issues through constant monitoring of
sub-system controls and refrigeration. For instance, Scotsman Ice
Machines offers an under counter ice cube maker, which detects the
quality of water with its water quality sensor. It detects hard
water conditions and the control system removes mineral-laden water
with each harvesting cycle.
According to the report, one driver in market is growth in
organized retail. The increase in consumer spending at supermarkets
and grocery stores has triggered the expansion of such store
formats around the world. The people are spending more at the
retail establishments like supermarkets, convenience stores, and
hypermarkets. For instance, expenditure by the consumers in the US
at supermarkets and grocery stores is expected to reach around $43
billion by the end of 2020 compared with that of 2016, which was
around $40 billion. The growth in consumers' spending at these
retail outlets has influenced the various retail brands to
expand.
For instance, in 2015, ALDI, a supermarket company, announced
its plans to add more than 80 new stores in Australia by the end of
2016. Similarly, in early 2016, Loblaw, a retail food company,
announced its plans to open more than 20 new stores in Canada by
the end of 2016.
Market drivers
- Increase in the number of foodservice
establishments.
Market challenges
- Phasing out of refrigerants.
Market trends
- Growing demand for products with improved features.
Key vendors
- Hoshizaki
- Ice-O-Matic
- Manitowoc Ice
- Scotsman Ice Machines
Other prominent vendors
- Bionics Scientific Technologies
- Brema Ice Makers
- Cornelius
- Electrolux
- Follett
- Howe
- KOLD-DRAFT
- MAJA
- Telstar
For more information about this report visit
http://www.researchandmarkets.com/research/x7lqd6/global_ice_maker
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version on businesswire.com: http://www.businesswire.com/news/home/20170327005496/en/
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