SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study
published by Global Industry Analysts Inc., (GIA) the premier
market research company, today released its report titled "Ice
Makers - Global Market Trajectory & Analytics". The report
presents fresh perspectives on opportunities and challenges in a
significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1173
Companies: 40 - Players covered include Changshu Lingke
Electric Appliance Co. Ltd.; Cornelius, Inc.; Himalyan Equipment
Manufacturing Co. (HEMCO); Hoshizaki Corporation; Ice-O-Matic (Mile
High Equipment LLC); MaxxIce (The Legacy Companies); NewAir;
Scotsman Industries, Inc.; Sunpentown (SPT) Inc.; The Manitowoc
Company, Inc.; Whynter LLC; Zhejiang Litian Industrial Co. Ltd.;
and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Ice Cube, Ice Flake, Ice
Nugget); Application (Commercial, Residential, Food Service, Other
Applications)
Geographies: World; United
States; Canada;
Japan; China; Europe
(France; Germany; Italy; United
Kingdom; Spain;
Russia; and Rest of Europe); Asia-Pacific (Australia; India; South
Korea; and Rest of Asia-Pacific); Latin
America (Argentina;
Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel;
Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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& marketing, and product management roles at featured
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templates and much more. You may also build your own bespoke report
using our MarketGlass™ Platform which offers thousands
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ABSTRACT-
Global Ice Makers Market to Reach $2.3
Billion by 2026
Amid the COVID-19 crisis, the global market for Ice Makers
estimated at US$1.6 Billion in the
year 2020, is projected to reach a revised size of US$2.3 Billion by 2026, growing at a CAGR of 5.7%
over the analysis period. Ice Cube, one of the segments analyzed in
the report, is projected to record a 5.9% CAGR and reach
US$1.7 Billion by the end of the
analysis period. After a thorough analysis of the business
implications of the pandemic and its induced economic crisis,
growth in the Ice Flake segment is readjusted to a revised 5.1%
CAGR for the next 7-year period.
The U.S. Market is Estimated at $453.6
Million in 2021, While China is Forecast to Reach
$480.5 Million by 2026
The Ice Makers market in the U.S. is estimated at US$453.6 Million in the year 2021. China, the world`s second largest economy, is
forecast to reach a projected market size of US$480.5 Million by the year 2026 trailing a CAGR
of 9.3% over the analysis period. Among the other noteworthy
geographic markets are Japan and
Canada, each forecast to grow at
3.1% and 4.6% respectively over the analysis period. Within
Europe, Germany is forecast to grow at approximately
4% CAGR.
Ice Nugget Segment to Reach US$242.1
Million by the year 2026
In the global Ice Nugget segment, USA, Canada,
Japan, China and Europe will drive the 5.1% CAGR estimated for
this segment. These regional markets accounting for a combined
market size of US$133.2 Million in
the year 2020 will reach a projected size of US$188.4 Million by the close of the analysis
period. China will remain among
the fastest growing in this cluster of regional markets.
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and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
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SOURCE Global Industry Analysts, Inc.