Icy Ascension: Hotel Ice Dispensers Set to Reach a Chilling US$ 7,143.6 Million by 2033, Riding a Frosty 6.8% CAGR, Unveils Future Market Insights Research
The Hotel ice dispenser market is anticipated to be worth US$ 3,700 million in 2023. Future Market Insights predicts that the market will expand at a 6.8% CAGR from 2023 to 2033 and reach a value of US$ 7,143.6 million by the end of that year.
The energy
consumption of ice makers is said to continue as the main issue that might have
the most impact on consumer decisions, despite rising electricity costs and
environmental concerns. Utilizing technological solutions, the manufacturers
optimize the use of electricity in ice makers and introduce energy-efficient
models to draw in a larger customer base. This offers ice makers that use less
energy, as well as manufacturers of ice maker accessories like ice totes and
ice scoops.
Manufacturing an ice
maker requires some specialized work and professional knowledge, in addition to
making it expensive. The rise in the costs of manufacturing results in an
increase in product pricing, further constraining the expansion of the market. Huge
expenditures are also necessary for creating flexible production lines that
help in adaption to changes in consumer demand for different ice makers.
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As a result, one of
the main factors hindering the growth of the ice maker market during the
forecast period is the high initial investment and working capital that is
needed to construct a clear ice maker manufacturing plant.
North America is
said to dominate the ice maker market with maximum revenue share. The
importance of penetration of ice in the food business, coffee shops, bars, and
lounges acts as a major factor in the enlargement of the ice maker market. The
regional market extension is expected to be driven by a rise in the adoption of
modular kitchens with high-tech appliances in the commercial and residential
sectors.
Key Takeaways from
the Hotel Ice Dispensers Market Report:
- Hotel ice dispensers market grew at a
CAGR of 5.8% from 2018 to 2022.
- North American market for hotel ice
dispensers holds 40% of the market share.
- United Kingdom holds 22% of the European
market share of the hotel ice dispenser market.
- China leads the Asia Pacific market with
32% of the total market share.
- Modular type of installation is said to
dominate the market share.
- Full-size cube shape of the ice is said
to dominate the market share of the hotel ice dispenser market.
Some of The
Important Developments of the Key Players in The Market Are:
- In January 2023, Hoshizaki America
Lancer Worldwide, and Jackson WWS will be exhibiting for the first time
under the new name Hoshizaki Alliance at NAFEM next week in Orlando. The
Hoshizaki Alliance members’ goal is to provide integrated solutions to
customers through innovative quality products. There will be several new
products from all three companies including the Lancer IBD Bold
30i beverage dispenser, Jackson’s NXP high and low temp under
counters, and Hoshizaki’s new line of heated cabinets.
- In March 2023, Accucold, a division of
Felix Storch, Inc. (FSI), expanded its lineup of purpose-built vaccine
refrigeration with the industry’s largest selection of cold storage
equipment certified to the NSF/ANSI 456 Vaccine Storage Standard.
Available in 9 sizes from 1 to 18 cu.ft., the Accucold Pharma-Vac
Performance Series has been tested by an ANSI-accredited third-party
laboratory to conform to the latest standard.
Some of the
prominent players in the global market are:
- Suwhwea
- aoksee
- Avantco Ice Machines
- Cornelius
- Follett Corporation
- Hoshizaki
- Ice-O-Matic
- Manitowoc Ice
- Scotsman Ice Systems
- Servend
- iceValet
- Summit Appliances
More Valuable
Insights Available
Future Market
Insights offers an unbiased analysis of the global hotel ice dispensers market,
providing historical data for 2018 to 2022 and forecast statistics from 2023 to
2033. Key segments profiled in the hotel ice dispenser market as below.
By Installation
Type:
- Counter Top
- Free Standing
- Modular
By Cooling Method:
- Air Cooled
- Water Cooled
By Shape:
- Chewblate
- Cubelet
- Half Size Cube
- Full Size Cube
- Nugget
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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