Europe Ice Maker Market Size, Share & Industry Trends Analysis Report By Application (Food Service, Food Processing, Healthcare, Retail Outlets), By Product Type (Modular, Undercounter, Countertop and Ice Dispensers), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Ice Maker Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
An increase in life expectancy has propelled the healthcare business. For cold compression therapy, a large quantity of ice is required. Increasing need for ice in the healthcare and pharmaceutical industries for dead bodies and facilitating rehabilitation operations. Increasing knowledge and acceptance of cryotherapy, known as cold therapy, drives the Ice Maker market growth over the forecast period.
The rapid expansion of the seafood and meat food processing industries, where ice is utilized to keep raw components and final products frozen and fresh, is anticipated to fuel the growth of the ice maker market. In addition, the prominence of presentation drinks, cocktails, and ice usage in bars and upscale restaurants is anticipated to contribute to the market's growth. Furthermore, changing lifestyles and high disposable income have also contributed to the rise of fast-food chains. These considerations are driving the expansion of the ice maker market.
In 2019, the United Kingdom established a biopharmaceutical sector with an annual revenue of €36,7 billion and a service & supply chain business worth €18,4 billion. The robust pharmaceutical industry in the region, home to several significant pharmaceutical companies, is expected to increase demand for packaging & transportation resources for temperature-sensitive pharmaceuticals. This increases the demand for ice makers in the region's healthcare industry. Chain stores are commonly present in the United Kingdom. The most prevalent and well-liked by customers are standalone establishments. The growing penetration of quick-service restaurants is further predicted to support the growth of the regional market.
The Germany market dominated the Europe Ice Maker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $207.1 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ice Maker Market will Hit $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:
- Food Service
- Food Processing
- Retail Outlets
By Product Type
- Ice Dispensers
- Rest of Europe
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
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