Product Code: GVR-4-68040-410-8
Countertop Ice Maker Market Growth & Trends:
The global countertop ice maker market is expected to reach USD 3.97 billion by 2030 and is expected to grow at a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Countertop ice makers are increasingly popular in various settings, including homes, offices, small businesses, RVs, and similar environments. They offer a quick and convenient solution for producing ice on demand without relying on traditional freezers or ice trays.
In office settings, countertop ice makers have become a valuable addition, providing ice for break rooms and beverages and meeting the needs of both staff and customers. Similarly, outdoor enthusiasts such as campers and RV owners find these machines beneficial for their travel and recreational needs. Many modern countertop ice makers come equipped with advanced features like adjustable ice cube sizes, water filtration systems, and smart technology integration. As consumer preferences shift towards convenience and efficiency, these enhancements align well with current trends.
The COVID-19 pandemic disrupted global supply chains, affecting the production and distribution of appliances like countertop ice makers due to factory closures, movement restrictions, and labor shortages. However, the rise in online shopping during the pandemic has led to increased sales through e-commerce channels, a trend likely to continue as online shopping becomes more prevalent.
Additionally, the restaurant and bar industry in emerging economies such as China and India has seen a surge in demand due to a growing service sector and the need for chilled beverages. Population growth, urbanization, and rising disposable incomes are expected to drive the global demand for ice makers further.
The popularity of alcoholic beverages, such as whiskey, is rising in countries like the U.S., the UK, India, and Germany, particularly among younger consumers. This trend is anticipated to contribute to significant growth in the ice maker market, driven by the increasing demand for ice cubes in restaurants, bars, and healthcare settings.
Countertop Ice Maker Market Report Highlights:
- Cube ice-maker accounted for a share of 38.2% in 2023.With more people hosting gatherings at home, the need for a reliable and continuous supply of ice has increased. Cube ice makers provide an easy way to ensure guests have plenty of ice for their drinks.
- More than 50 lbs/day countertop ice maker accounted for a market share of 45.4% in 2023.High-capacity ice makers produce large quantities of ice quickly, reducing the time staff spend managing ice supplies. This efficiency is crucial in fast-paced environments where every minute counts.Despite their high output, these countertop models are often designed to fit into smaller spaces compared to traditional industrial ice machines, making them a practical choice for businesses with limited space.
- Residential is expected to grow at a CAGR of 5.5% from 2024 to 2030.Countertop ice makers are designed to be compact and fit easily on kitchen countertops, making them suitable for homes with limited space. Their portability also means they can be moved and stored as needed.
- North America is expected to grow at a CAGR of 5.5% from 2024 to 2030. The emphasis on health and hydration has led more consumers in North America to seek ways to increase their water intake. Countertop ice makers make it easier to keep beverages cold and refreshing, which can encourage better hydration habits.The ability to produce high-quality ice quickly enhances the overall beverage experience, which is appealing to health-conscious consumers who want to enjoy chilled drinks without diluting their flavors.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Information & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Type Outlook
- 2.3. Capacity Outlook
- 2.4. Application Outlook
- 2.5. Distribution Channel Outlook
- 2.6. Regional Outlook
- 2.7. Competitive Insights
Chapter 3. Countertop Ice Maker Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis - Porter's Five Forces
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Countertop Ice Maker Market: Type Analysis & Estimates
- 5.1. Countertop Ice Maker Market, by Type: Key Takeaways
- 5.2. Type Movement Analysis & Market Share, 2023 & 2030
- 5.3. Market Estimates & Forecasts, by Type, 2018 - 2030 (USD Million)
- 5.3.1. Cube Ice Maker
- 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Half Cube Ice Maker
- 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.3. Nugget Ice Maker
- 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.4. Flake Ice Maker
- 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Countertop Ice Maker Market: Capacity Analysis & Estimates
- 6.1. Countertop Ice Maker Market, by Capacity: Key Takeaways
- 6.2. Capacity Movement Analysis & Market Share, 2023 & 2030
- 6.3. Market Estimates & Forecasts, by Capacity, 2018 - 2030 (USD Million)
- 6.3.1. Less than 20 lbs/day
- 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. 20-50 lbs/day
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. More than 50 lbs/day
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Countertop Ice Maker Market: Application Estimates & Trend Analysis
- 7.1. Countertop Ice Maker Market, by Application: Key Takeaways
- 7.2. Application Movement Analysis & Market Share, 2023 & 2030
- 7.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.1. Residential
- 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Commercial
- 7.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Countertop Ice Maker Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Countertop Ice Maker Market, by Distribution Channel: Key Takeaways
- 8.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 8.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
- 8.3.1. Online
- 8.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. Offline
- 8.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.2. Supermarkets & Hypermarkets
- 8.3.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.3. Electronic Stores
- 8.3.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.4. Specialty Stores
- 8.3.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2.5. Others
- 8.3.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Countertop Ice Maker Market: Regional Estimates & Trend Analysis
- 9.1. Countertop Ice Maker Market: Regional Outlook
- 9.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 9.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Million)
- 9.3.1. North America
- 9.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.2. U.S.
- 9.3.1.2.1. Key country dynamics
- 9.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.3. Canada
- 9.3.1.3.1. Key country dynamics
- 9.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.1.4. Mexico
- 9.3.1.4.1. Key country dynamics
- 9.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2. Europe
- 9.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.2. U.K.
- 9.3.2.2.1. Key country dynamics
- 9.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.3. Germany
- 9.3.2.3.1. Key country dynamics
- 9.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.4. France
- 9.3.2.4.1. Key country dynamics
- 9.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.5. Spain
- 9.3.2.5.1. Key country dynamics
- 9.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2.6. Italy
- 9.3.2.6.1. Key country dynamics
- 9.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3. Asia Pacific
- 9.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.2. China
- 9.3.3.2.1. Key country dynamics
- 9.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.3. Japan
- 9.3.3.3.1. Key country dynamics
- 9.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.4. India
- 9.3.3.4.1. Key country dynamics
- 9.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.5. South Korea
- 9.3.3.5.1. Key country dynamics
- 9.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.3.6. Australia & New Zealand
- 9.3.3.6.1. Key country dynamics
- 9.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.4. Central & South America
- 9.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.4.2. Brazil
- 9.3.4.2.1. Key country dynamics
- 9.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.5. Middle East & Africa
- 9.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.5.2. South Africa
- 9.3.5.2.1. Key country dynamics
- 9.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 10. Competitive Analysis
- 10.1. Recent developments & impact analysis, by key market participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Share Analysis, 2023
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.9. Company Profiles
- 10.10. Della
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. Edge Star
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. Avalon Bay
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives
- 10.13. Magic Chef
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Strategic Initiatives
- 10.14. GE Appliances
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Strategic Initiatives
- 10.15. Frigidaire
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Strategic Initiatives
- 10.16. Igloo
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Strategic Initiatives
- 10.17. NewAir
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Strategic Initiatives
- 10.18. hOmeLabs
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Strategic Initiatives
- 10.19. Whynter
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Strategic Initiatives