In 2023, the Oceania commercial ice machine market would be worth US$80.9 million USD. By 2033, it would have surpassed US$ 133.9 million. From 2023 to 2033, commercial ice machine demand would grow at a constant 5.1% CAGR.
The market is projected to show a CAGR of 3.5% from 2018 to 2022. The market has around 60% to 65% right hold of ice machine market share.
Market demand for commercial ice machines is expected to prosper in the face of urgent need from the food service and healthcare industries’ businesses. This has led to the necessity of industries to produce ice constantly and efficiently.
The development of the tourism industry in recent years has become the driving force for growth of many local cafes and hotels. It induces the ice making machines the demand for. The consumption that is also expected to rise of alcoholic beverages will result in the market for commercial ice machines also to increase.
Market players are constantly focusing on research and development activities to launch new product models. These would help to meet changing demand from modern consumers. To meet high demand for edible ice in beverages, market players are launching new machines that can produce ice cubes of different shapes.
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For instance, Hoshizaki produces heart-shaped ice cubes. These are tailor-made for bartenders and cocktail bars who like the unique shape of ice to differentiate themselves.
They also add to the complete cocktail experience. They do not compromise the purpose of properly chilling the drink. Similarly, increasing demand for ice machines of various sizes, shapes, capacities, and price points is driving industry players to launch new products.
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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