Global Residential Portable Freestanding Ice Maker Market is valued approximately USD 631.9 million in 2022 and is anticipated to grow with a healthy growth rate of more than 3.23% over the forecast period 2023-2030. A residential portable freestanding ice maker is a compact and convenient appliance designed for home use, offering on-demand ice production virtually anywhere. Unlike traditional ice makers built into refrigerators, these freestanding units are compact and easily transportable, allowing them to be placed flexibly throughout the home. Typically requiring only water and a power source to operate, they provide a hassle-free solution for generating ice whenever needed. The market growth is driven by key factors such as growing inclination for entertainment at home. For instance, based on a recent online survey, it was found that 50% of Americans host guests in their homes at least once a month, with 21% doing so on a daily or weekly basis. The United States ranked among the top five countries, with 6% reporting hosting guests every day or most days, the highest frequency level recorded in the study. Nevertheless, a significant portion of Americans-13%-indicated that they never host visitors in their homes. These insights were gathered from an online survey involving more than 22,000 consumers aged at least 15 years old across 17 countries. However, limited Production Capacity and high initial investment stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Residential Portable Freestanding Ice Maker Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America holds the largest share in the global market for residential portable freestanding ice makers and is projected to experience significant growth in the forecast period. This growth is attributed to increased disposable income, leading to more spending on beach vacations, island getaways, and road trips where portable ice makers are essential. Additionally, Europe is expected to see fastest grow in the global residential portable freestanding ice maker market due to its high living standards and rising demand for ice makers during travel. The appeal of stylish and advanced ice makers not only enhances kitchen aesthetics but also fulfills a practical need, driving market expansion.
Major market player included in this report are:
- Magic Chef
- Avalon Bay
- Edge-Star
- Danby
- NewAir
- Della
- Koldfront
Recent Developments in the Market:
- In July 2022, Hoshizaki expanded its business portfolio by acquiring Brema, an esteemed Italian manufacturer renowned for its commercial ice makers. With a diverse product line and a strong presence in Italy, Brema's reputation extends across the Middle East, Eastern and Southern Europe, further enhancing Hoshizaki's offerings in the commercial ice maker market.
- In February 2024, AvalonBay Communities, Inc. announced the date for its 2024 Annual Meeting of Stockholders, scheduled to take place on Thursday, May 16, 2024, at 10:00 A.M. Eastern Time. Shareholders of record as of March 18, 2024, are granted the right to virtually participate and vote in the Annual Meeting, which will be exclusively conducted via an audio webcast.
Global Residential Portable Freestanding Ice Maker Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Type, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Residential Portable Freestanding Ice Maker Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Residential Portable Freestanding Ice Maker Market, by Type, 2020-2030 (USD Million)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Residential Portable Freestanding Ice Maker Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Residential Portable Freestanding Ice Maker Market Dynamics
- 3.1.Residential Portable Freestanding Ice Maker Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Growing inclination for entertainment at home
- 3.1.2.Market Challenges
- 3.1.2.1.Limited Production Capacity
- 3.1.2.2.High initial investment
- 3.1.3.Market Opportunities
- 3.1.3.1.Technological Advancements
Chapter 4.Global Residential Portable Freestanding Ice Maker Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Residential Portable Freestanding Ice Maker Market, by Type
- 5.1.Market Snapshot
- 5.2.Global Residential Portable Freestanding Ice Maker Market by Type, Performance - Potential Analysis
- 5.3.Global Residential Portable Freestanding Ice Maker Market Estimates & Forecasts by Type 2020-2030 (USD Million)
- 5.4.Residential Portable Freestanding Ice Maker Market, Sub Segment Analysis
- 5.4.1.Ice Only
- 5.4.2.Water Dispenser
Chapter 6.Global Residential Portable Freestanding Ice Maker Market, Regional Analysis
- 6.1.Top Leading Countries
- 6.2.Top Emerging Countries
- 6.3.Residential Portable Freestanding Ice Maker Market, Regional Market Snapshot
- 6.4.North America Residential Portable Freestanding Ice Maker Market
- 6.4.1.U.S. Residential Portable Freestanding Ice Maker Market
- 6.4.1.1.Type breakdown estimates & forecasts, 2020-2030
- 6.4.2.Canada Residential Portable Freestanding Ice Maker Market
- 6.5.Europe Residential Portable Freestanding Ice Maker Market Snapshot
- 6.5.1.U.K. Residential Portable Freestanding Ice Maker Market
- 6.5.2.Germany Residential Portable Freestanding Ice Maker Market
- 6.5.3.France Residential Portable Freestanding Ice Maker Market
- 6.5.4.Spain Residential Portable Freestanding Ice Maker Market
- 6.5.5.Italy Residential Portable Freestanding Ice Maker Market
- 6.5.6.Rest of Europe Residential Portable Freestanding Ice Maker Market
- 6.6.Asia-Pacific Residential Portable Freestanding Ice Maker Market Snapshot
- 6.6.1.China Residential Portable Freestanding Ice Maker Market
- 6.6.2.India Residential Portable Freestanding Ice Maker Market
- 6.6.3.Japan Residential Portable Freestanding Ice Maker Market
- 6.6.4.Australia Residential Portable Freestanding Ice Maker Market
- 6.6.5.South Korea Residential Portable Freestanding Ice Maker Market
- 6.6.6.Rest of Asia Pacific Residential Portable Freestanding Ice Maker Market
- 6.7.Latin America Residential Portable Freestanding Ice Maker Market Snapshot
- 6.7.1.Brazil Residential Portable Freestanding Ice Maker Market
- 6.7.2.Mexico Residential Portable Freestanding Ice Maker Market
- 6.8.Middle East & Africa Residential Portable Freestanding Ice Maker Market
- 6.8.1.Saudi Arabia Residential Portable Freestanding Ice Maker Market
- 6.8.2.South Africa Residential Portable Freestanding Ice Maker Market
- 6.8.3.Rest of Middle East & Africa Residential Portable Freestanding Ice Maker Market
Chapter 7.Competitive Intelligence
- 7.1.Key Company SWOT Analysis
- 7.2.Top Market Strategies
- 7.3.Company Profiles
- 7.3.1. Magic Chef
- 7.3.1.1.Key Information
- 7.3.1.2.Overview
- 7.3.1.3.Financial (Subject to Data Availability)
- 7.3.1.4.Product Summary
- 7.3.1.5.Recent Developments
- 7.3.2. Avalon Bay
- 7.3.3.Edge-Star
- 7.3.4.Danby
- 7.3.5.NewAir
- 7.3.6.Della
- 7.3.7.Koldfront
Chapter 8.Research Process
- 8.1.Research Process
- 8.1.1.Data Mining
- 8.1.2.Analysis
- 8.1.3.Market Estimation
- 8.1.4.Validation
- 8.1.5.Publishing
- 8.2.Research Attributes
- 8.3.Research Assumption