The Oceania commercial ice machine market is heating up, but the product itself is keeping things cool. Projected to reach a staggering US$ 133.9 million by 2033, with a steady CAGR of 5.1%, this market presents a frosty opportunity for industry leaders. Here’s why you should take notice:
Catering to a Booming Food and Beverage Industry:
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Fast Food Frenzy: The rise of fast food chains, fueled by hectic lifestyles and disposable income, is driving demand for ice machines. These machines are crucial for storing perishable food items and keeping beverages chilled.
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Restaurant Reliance: Leading fast food chains like McDonald’s, Subway, and Starbucks rely heavily on ice machines to meet customer demands during peak hours. Investing in this market allows you to partner with these industry giants.
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Self-Service Solutions: The growing trend of self-service protocols in restaurants creates a need for readily available ice. This is where user-friendly commercial ice machines come into play.
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Beyond Food Service: A Broader Market Reach
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Healthcare Hero: Ice machines play a vital role in the healthcare sector. They are used for cold compression therapy, organ and tissue transplantation, and storing biological samples.
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Sustainability in the Spotlight: The healthcare industry prioritizes energy efficiency. By offering sustainable and energy-efficient ice machines, you can cater to this growing demand and minimize environmental impact.
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Research Reliable Partner: Biochemistry, biotechnology, and research labs rely on ice machines for storing and transporting biological samples. Offering reliable and efficient machines positions you as a trusted partner in these critical fields.
A Decision Maker’s Icy Advantage:
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Partner with Industry Leaders: Tap into the growth of the food and beverage industry by providing essential equipment to major fast food chains and restaurants.
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Expand Your Healthcare Reach: Offer solutions that cater to the specific needs of hospitals, clinics, and research labs, expanding your market reach beyond traditional food service.
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Embrace Sustainability: Become a leader in eco-friendly practices by offering energy-efficient ice machines, appealing to environmentally conscious customers and aligning with industry trends.
The Oceania commercial ice machine market is a cool investment opportunity. By providing reliable, efficient, and sustainable ice machines, you can ensure your business stays ahead of the curve and keeps things chilled for years to come.
Key Takeaways from the Oceania Commercial Ice Machine Market Study
- Beverage service by end use segment dominated the Oceania commercial ice machine market with a revenue share of 4% in 2022.
- By condensing unit, air cooled segment generated Oceania commercial ice machine market share of 9% in 2022.
- By machine type, the under counter ice maker sub-segment would hold a significant share of more than 35% by 2033.
- Based on ice type, the ice cube segment would generate the lion’s share from 2023 to 2033.
- The Oceania commercial ice machine market registered a CAGR of 5% between 2018 and 2022.
“To keep up with high demand, manufacturers are developing advanced products in a variety of categories. Introduction of energy and water efficient ice makers would propel the market.” – says an analyst.
Competitive Landscape: Oceania Commercial Ice Machine Market
Industry participants are practicing different growth strategic initiatives. They want to expand their product/service portfolio and enhance their footprint. Their strategies include contractual agreements, mergers & acquisitions, and collaborations.
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For instance,
- Hoshizaki Corporation is a well-known ice machine company. It is dedicated to improving people’s lives through world-class ice making services and solutions. In 2022, Hoshizaki acquired rival ice maker Brema Group. The acquisition was made through the European subsidiary named Hoshizaki Europe Holdings. It aims to make it ‘Europe’s number one manufacturer of commercial ice machines.’
Key players present in the target market are:
- Hoshizaki, Ali Group S.r.l.
- Brema Ice Makers
- Berkshire Hathaway, Inc.
- Electrolux Professional
- Vogt Ice
- Stuart Ice Makers
- Manitowoc
- Follett Products, LLC
- Bromic Group Pty Ltd (Bromic Refrigeration)
- Polar Refrigeration
- Icetro Co. Ltd.
Get More Valuable Insights into the Oceania Commercial Ice Machine Market
Future Market Insights, in its new offering, provides an unbiased analysis of the Oceania commercial ice machine market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033. The study divulges compelling insights on the Oceania commercial ice machine by machine type (modular, free-standing), by end use (hotels & restaurant, beverage service, cafeteria, commercial canteens & catering, healthcare facilities, food carts/food trucks, ice cream outlets, convenience stores, on-the-go restaurants, fast food restaurants), by ice capacity (above 1500 lbs, 500 to 1500 lbs, 50 to 500 lbs, 0 to 50 lbs), by condensing unit (water cooled, air cooled, remote air cooled), and country.
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Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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