Market Overview:
The global undercounter ice machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for undercounter ice machines from commercial and residential applications. Additionally, the growing trend of using portable and compact ice machines is also contributing to the growth of this market. On the basis of type, air-cooled ice machines are expected to dominate the global undercounter ice machines market during the forecast period. This can be attributed to their low cost and easy installation as compared to water-cooled ice machines.
Product Definition:
An undercounter ice machine is a type of ice machine that can be placed under a counter in order to save space. They are typically smaller in size than other types of ice machines and can produce different sizes of ice cubes, including small or medium cubes. Undercounter ice machines are important for businesses that need to save space or do not have a lot of room for an oversized icemaker.
Air-Cooled Ice Machines:
An air-cooled ice machine is a type of refrigeration equipment that uses a compressor to decrease the temperature of an insulated container filled with water and then extracts the frozen form of water from the said container. The extracted frozen form is then transferred to another insulated container for further use.
The technology behind this process works by reducing the heat transfer from the surroundings, which helps in increasing its efficiency and thus reduces its operational cost.
Water-Cooled Ice Machines:
Water-cooled ice machines are used to produce and supply ice for commercial applications. These water-cooled systems consist of a refrigeration mechanism, which is installed in an insulated container, along with a condenser that is attached to the exterior of the machine. The system works by transferring heat from the surrounding environment through conduction and convection radiation methods.
Application Insights:
The commercial application segment dominated the global undercounter ice machines market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to an increase in demand from food and beverage processing industries across the globe. In addition, growing penetration of these machines in hotels and restaurants is expected to drive industry expansion over the forecast period.
Residential application is expected to witness significant growth over the forecast period owing to rising awareness about health benefits associated with under-ice-water bathing as compared to taking a bath with water that comes directly from taps or pipes into houses.
Regional Analysis:
Asia Pacific dominated the global undercounter ice machines market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing penetration of premium products and innovative retail concepts along with rapid expansion of commercial and residential construction projects in emerging economies such as China, India, Thailand, Malaysia, Vietnam among others.
Europe is anticipated to witness significant growth over the next eight years owing to rising demand for advanced home appliances including refrigeration equipment from countries such as Germany, France Italy among others are anticipated drive regional growth. Moreover growing trend towards sustainable design coupled with changing consumer preferences towards energy-efficient products will further propel industry development in near future North America also accounted for a significant share owing to high demand for technologically advanced products which offer enhanced performance at a competitive price point has been driving this regional segment’s growth In addition U.
Growth Factors:
- Increasing demand for undercounter ice machines from the food service industry as they offer a number of benefits such as space efficiency and easy installation.
- Rising demand for undercounter ice machines from the commercial sector as they are used in various applications such as hospitals, schools, and offices.
- Growing popularity of portable undercounter ice machines that can be easily moved from one place to another, making them ideal for catering events and other outdoor activities.
- Proliferation of micro-markets that require small quantities of ice on a regular basis is driving the demand for compact and energy-efficient undercounter ice machines.
Scope Of The Report
Report Attributes
Report Details
Report Title
Undercounter Ice Machines Market Research Report
By Type
Air-Cooled Ice Machines, Water-Cooled Ice Machines
By Application
Commercial, Residential
By Companies
Manitowoc, Scotsman, Ice-O-Matic, Hoshizaki, U-Line, SPT, Whynter, Marvel, Viking, Danby, Cornelius, EdgeStar, Follett Corporation, Summit Appliance, Avalon Bay
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Undercounter Ice Machines Market Report Segments:
The global Undercounter Ice Machines market is segmented on the basis of:
Types
Air-Cooled Ice Machines, Water-Cooled Ice Machines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Manitowoc
- Scotsman
- Ice-O-Matic
- Hoshizaki
- U-Line
- SPT
- Whynter
- Marvel
- Viking
- Danby
- Cornelius
- EdgeStar
- Follett Corporation
- Summit Appliance
- Avalon Bay
Highlights of The Undercounter Ice Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air-Cooled Ice Machines
- Water-Cooled Ice Machines
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Undercounter Ice Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Undercounter ice machines are small, compact machines that are typically used in restaurants and bars. They are designed to produce large quantities of ice quickly and easily, which is helpful for keeping drinks cold.
Some of the major companies in the undercounter ice machines market are Manitowoc, Scotsman, Ice-O-Matic, Hoshizaki, U-Line, SPT, Whynter, Marvel, Viking, Danby, Cornelius, EdgeStar, Follett Corporation, Summit Appliance, Avalon Bay.
The undercounter ice machines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Undercounter Ice Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Undercounter Ice Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Undercounter Ice Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Undercounter Ice Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Undercounter Ice Machines Market Size & Forecast, 2018-2028
4.5.1 Undercounter Ice Machines Market Size and Y-o-Y Growth
4.5.2 Undercounter Ice Machines Market Absolute $ Opportunity
Chapter 5 Global Undercounter Ice Machines Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Undercounter Ice Machines Market Size Forecast by Type
5.2.1 Air-Cooled Ice Machines
5.2.2 Water-Cooled Ice Machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Undercounter Ice Machines Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Undercounter Ice Machines Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Undercounter Ice Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Undercounter Ice Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Undercounter Ice Machines Analysis and Forecast
9.1 Introduction
9.2 North America Undercounter Ice Machines Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Undercounter Ice Machines Market Size Forecast by Type
9.6.1 Air-Cooled Ice Machines
9.6.2 Water-Cooled Ice Machines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Undercounter Ice Machines Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Undercounter Ice Machines Analysis and Forecast
10.1 Introduction
10.2 Europe Undercounter Ice Machines Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Undercounter Ice Machines Market Size Forecast by Type
10.6.1 Air-Cooled Ice Machines
10.6.2 Water-Cooled Ice Machines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Undercounter Ice Machines Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Undercounter Ice Machines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Undercounter Ice Machines Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Undercounter Ice Machines Market Size Forecast by Type
11.6.1 Air-Cooled Ice Machines
11.6.2 Water-Cooled Ice Machines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Undercounter Ice Machines Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Undercounter Ice Machines Analysis and Forecast
12.1 Introduction
12.2 Latin America Undercounter Ice Machines Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Undercounter Ice Machines Market Size Forecast by Type
12.6.1 Air-Cooled Ice Machines
12.6.2 Water-Cooled Ice Machines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Undercounter Ice Machines Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Undercounter Ice Machines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Undercounter Ice Machines Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Undercounter Ice Machines Market Size Forecast by Type
13.6.1 Air-Cooled Ice Machines
13.6.2 Water-Cooled Ice Machines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Undercounter Ice Machines Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Undercounter Ice Machines Market: Competitive Dashboard
14.2 Global Undercounter Ice Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Manitowoc
14.3.2 Scotsman
14.3.3 Ice-O-Matic
14.3.4 Hoshizaki
14.3.5 U-Line
14.3.6 SPT
14.3.7 Whynter
14.3.8 Marvel
14.3.9 Viking
14.3.10 Danby
14.3.11 Cornelius
14.3.12 EdgeStar
14.3.13 Follett Corporation
14.3.14 Summit Appliance
14.3.15 Avalon Bay
