Market Size of North America Countertop Ice Makers Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Countertop Ice Makers Market Analysis
The North America countertop ice makers market has generated gross revenue of USD 2.410 billion in the current year. It is poised to achieve a CAGR of more than 5 % for the forecast period.
- The market of industrial segments using Ice cubes in the North American country, such as beverages, has observed a continuous increase in sales and revenue over the years. Last year, United States revenue from the beverage segment (non-alcoholic drinks) had the largest average revenue per user, creating a positive externality in the demand for ice maker machines in the commercial as well as residential sectors.
- With the advent of COVID market size of the full-service restaurant sector in Canada observed a steep decline, creating a negative impact on the food and beverage industry and halting the sales expansion of ice maker achines in the region. Rising online sales of refrigerators and home appliances during the period created negative sales of the countertop ice makers market.
- Post-COVID revenue from frozen food manufacturing in the United States is observing a continuous increase with the increase in consumption of perishable goods, creating an increase in demand for ice. As ice cubes provide instant and large-scale production, they are replacing freezers and refrigerators with an increasing revenue growth expected for the manufacturers in the future.
North America Countertop Ice Makers Industry Segmentation
An ice maker is a kitchen appliance dedicated to making a large amount of ice in the comfort of a home or office. It prevents users from stocking up on ice for parties and special occasions.
The North America countertop ice makers market is segmented by product (cube ice maker, half cube ice maker, nugget ice maker, flake ice maker), by application (residential, commercial), by distribution channel (online, offline), and by country (United States, Canada, Rest of North America).
The report offers market size and forecasts in value (USD) for all the above segments.
By Product Type | |
Cube Ice Maker | |
Half Cube Ice Maker | |
Nugget Ice Maker | |
Flake Ice Maker |
By Application | |
Residential | |
Commercial |
By Distribution Channel | |
Online | |
Offline |
By Country | |
United States | |
Canada | |
Rest Of North America |
North America Countertop Ice Makers Market Size Summary
The North American countertop ice makers market is experiencing a robust growth trajectory, driven by increasing demand across various sectors such as beverages, hospitality, and residential applications. The market has seen a steady rise in revenue, particularly in the United States, where the beverage segment has significantly contributed to the demand for ice maker machines. Despite challenges posed by the COVID-19 pandemic, which initially impacted the food and beverage industry and slowed sales, the market has rebounded with a focus on frozen food manufacturing and the growing need for ice in party and event planning. The shift from traditional refrigeration methods to more efficient ice makers is also contributing to market expansion, as these machines offer instant ice production and are becoming essential in settings like hotels and restaurants.
Technological advancements have further fueled the market's growth, with smart features and energy-efficient designs making countertop ice makers more appealing to consumers. The increasing popularity of smart home appliances in North America is encouraging manufacturers to innovate and enhance user experience. The market remains fragmented, with numerous players like Marel, Memphis Ice, and Scotsman Ice System, yet there is still room for new entrants. Recent developments, such as Ecozy's compact nugget ice maker and Pentair's acquisition of Manitowoc Ice, highlight the ongoing innovation and strategic expansions within the industry. These advancements are not only improving ice production capabilities but also catering to the diverse needs of consumers, from residential use to large-scale commercial applications.
North America Countertop Ice Makers Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in Demand of Ice Maker in Restaurants Driving the Market
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1.3 Market Restraints
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1.3.1 Rise in the Price of Ice Makers Affecting the Demand
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1.4 Market Opportunities
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1.4.1 Technological Innovations equipping Ice Makers with Smart Features
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Technological Innovations in North America Countertop Ice Maker Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Cube Ice Maker
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2.1.2 Half Cube Ice Maker
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2.1.3 Nugget Ice Maker
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2.1.4 Flake Ice Maker
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Online
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2.3.2 Offline
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2.4 By Country
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Rest Of North America
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North America Countertop Ice Makers Market Size FAQs
What is the current North America Countertop Ice Makers Market size?
The North America Countertop Ice Makers Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Countertop Ice Makers Market?
Marel, Memphis Ice, MC Appliance, Scotsman Ice System and Smad are the major companies operating in the North America Countertop Ice Makers Market.