IMARC Group has recently released a new research study titled "Ice Maker Market Size, Share, Trends and Forecast by Product Type, End-Use Sector, and Region, 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The global ice maker market was valued at USD 5.3 Billion in 2024 and is projected to reach USD 7.4 Billion by 2033, exhibiting a CAGR of 3.9% during the forecast period of 2025-2033. Growth is primarily driven by rising demand across the foodservice, hospitality, healthcare, and residential sectors. The market is further strengthened by innovations in energy-efficient, compact, and automatic ice maker models and the increasing consumption of cold beverages worldwide. 

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Study Assumption Years

  • Base Year: 2024
  • Historical Years: 2019-2024
  • Forecast Period: 2025-2033

Ice Maker Market Key Takeaways

  • Current Market Size: USD 5.3 Billion in 2024
  • CAGR: 3.9% (2025-2033)
  • Forecast Period: 2025-2033
  • North America dominates the market with over 37.8% share in 2024.
  • The foodservice sector leads the market with about 43.5% share in 2024, driven by consistent ice supply needs.
  • Ice cube makers are the largest product segment in 2024 holding around 41.5% market share.
  • Rising demand is fueled by foodservice, hospitality, healthcare, convenience stores, and residential applications.
  • Technological advancements such as energy-efficient, compact designs and smart functionalities are encouraging market expansion.

Market Growth Factors

The ice maker market experiences significant growth from the foodservice industry, including restaurants, cafés, bars, and hotels where a consistent ice supply is essential. Additionally, growing adoption in healthcare, convenience stores, and office setups further bolsters demand. Technological improvements like energy-efficient models, compact designs, and touchless dispensers are attracting buyers globally. For example, in September 2023, Aizopa launched a fast ice maker capable of producing 1,000 cubes per hour in just five minutes, featuring easy operation, cleaning with UV light, and energy efficiency.

Consumer preference for cold beverages, particularly in warm climates and urban regions, also supports steady market growth across both commercial and residential sectors. The growing inclination toward automated and intelligent appliances, such as smart ice makers with remote app control, energy-saving modes, and predictive maintenance, is expanding the market. Around 65% of Americans are reported to own smart devices at home, driving interest in intelligent appliance features.

Climate change contributes to market growth by reducing natural ice availability. With 2024 being the warmest year on record at over 1.5°C above pre-industrial levels, natural ice reserves are dwindling. This trend shifts ice makers from luxury to necessity, especially in hotter regions. Firms are focusing on environmental sustainability by developing energy-efficient ice makers designed to minimize carbon footprints. Additionally, strict food safety regulations enforce the use of certified, hygienic ice-making equipment, particularly in hospitality and foodservice sectors, promoting demand for easy-to-clean and maintenance-friendly units that curb bacterial growth.

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Market Segmentation

By Product Type:

  • Ice Cube Maker: The largest product segment in 2024 with around 41.5% market share, favored for its quick, automated ice production and innovations like Wi-Fi connectivity and smartphone control.
  • Ice Flake Maker: Not detailed in the source text beyond listing.
  • Ice Nugget Maker: Not detailed in the source text beyond listing.
  • Others: Not detailed in the source text beyond listing.

By End-Use Sector:

  • Foodservice: Leading sector with about 43.5% market share in 2024, driven by the need for consistent ice supply, operational efficiency, and compliance with hygiene regulations.
  • Retail: Not detailed specifically in the text beyond listing.
  • Healthcare: Supported by growing demand in medical cooling and patient care applications.
  • Residential: Increasing consumer interest, especially in countertop models.
  • Others: Not detailed specifically in the text beyond listing.

Regional Insights

North America is the dominant region, holding over 37.8% market share in 2024. The region's well-established foodservice industry demands high volumes of ice, supported by cultural emphasis on convenience and automation. Consumer awareness around energy consumption and environmental responsibility also drives demand for energy-efficient and eco-friendly ice makers. Seasonal temperature variations lead to increased ice usage. Additionally, North America's stringent food safety and appliance efficiency regulations compel investments in compliant equipment, while the region's economic affluence allows for procurement of advanced, feature-rich ice makers.

Recent Developments & News

  • March 2025: ecozy unveiled a new sphere ice maker with CrystalFlux and GlacioLock technologies for home bars and small businesses, offering premium, crystal-clear ice spheres produced at high speed.
  • January 2025: Hoshizaki Corporation announced upgrading 22 cube ice maker models by replacing HFCs with natural refrigerants, covering daily capacities from 20 kg to 115 kg, including countertop and modular types.
  • December 2024: ecozy launched its Smart-Panel Nugget Ice Maker featuring IceLumix full-color smart panel, voice control, app integration, and double-layer insulation for longer ice retention.
  • October 2024: ecozy introduced new commercial ice makers, an undercounter model and an ice maker champion, extending beyond household countertop units to large-volume operations.
  • June 2024: GE Profile™ released the Opal 2.0 Ultra Nugget Ice Maker with maintenance enhancements, including a scale-inhibiting water filter and reusable air filter.

Key Players

  • A&V Refrigeration
  • Ali Group
  • Cornelius (Marmon Foodservice Technologies, Inc.)
  • DC Products
  • Electrolux Professional Group
  • Hoshizaki America, Inc
  • Manitowoc Ice
  • Maxx Ice
  • Newair
  • Scotsman Ice Systems
  • The Middleby Corporation
  • Whynter LLC

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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