LONDON–(BUSINESS WIRE)–Oct 21, 2020–
Technavio has been monitoring the global ice maker market, operating under the consumer discretionary industry. The latest report on ice maker market, 2020-2024 estimates it to register an incremental growth of USD 1.05 billion, at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Ice Maker Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. AB Electrolux, Biolab Scientific Ltd., Bionics Scientific Technologies (P) Ltd., Blue Star Ltd., Danfoss AS, Haier Smart Home Co. Ltd., HOSHIZAKI Corp., Howe Corp., The Middleby Corp., and Whirlpool Corp. are among some of the major market participants.
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Growth in organized retail has been instrumental in driving the growth of the market. However, the phasing out of refrigerants might hamper the market growth.
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Ice Maker Market 2020-2024: Segmentation
Ice Maker Market is segmented as below:
- Ice Cube
- Ice Flake
- Ice Nugget
- Geographic Landscape
- North America
- South America
Based on geographic segmentation, over 31% of the market growth originated from North America during the forecast period. In addition, ice cube led the growth under the products segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Ice Maker Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ice maker market report covers the following areas:
- Ice Maker Market Size
- Ice Maker Market Trends
- Ice Maker Market Industry Analysis
This study identifies the rising popularity of cryotherapy as one of the prime reasons driving the Ice Maker Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Ice Maker Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist ice maker market growth during the next five years
- Estimation of the ice maker market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ice maker market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ice maker market vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Ice cube – Market size and forecast 2019-2024
- Ice flake – Market size and forecast 2019-2024
- Ice nugget – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Foodservice – Market size and forecast 2019-2024
- Retail – Market size and forecast 2019-2024
- Healthcare – Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
- Vendors covered
- Market positioning of vendors
- AB Electrolux
- Biolab Scientific Ltd.
- Bionics Scientific Technologies (P) Ltd.
- Blue Star Ltd.
- Danfoss AS
- Haier Smart Home Co. Ltd.
- HOSHIZAKI Corp.
- Howe Corp.
- The Middleby Corp.
- Whirlpool Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: RETAIL HOME GOODS
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 10/21/2020 04:30 AM/DISC: 10/21/2020 04:30 AM
Copyright Business Wire 2020.