Flake Ice Machine Market 2018 - Global industry Size, Market Share, Market Trends and Forecast to 2026
Rapid Expansion Of Super Markets To Drive The Flake Ice Machine Market Growth
According to a new market research report published by Credence Research “Flake Ice Machine Market (Capacity – Low Capacity (less than 3000 KG/Day), Medium Capacity (3000 KG/Day to 10000 KG/Day) and High Capacity (More than 1000 KG/Day); Channel – Direct Sales and Distributor; Application Field – Fishery and Aquatic Food Processing, Supermarkets, Mine Temperature Reduction, Food Processing, Preservation & Cooling Field, Skiing & other Sports, Medical Facilities, Concrete Cooling Project, Chemical Industry) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global flake ice machine market was valued at US$ 1.77 Bn in 2017 and will be growing at a CAGR of 8.2% during the forecast period from 2018 to 2026.
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Market Insights
The flake ice machine market was valued at US$ 1.77 Bn in 2017 and expected to grow at a compounded annual growth rate (CAGR) of 8.2% during the forecast period from 2018 to 2026. One of the most prominent factors aiding the flake ice machine market growth is the rapid growth of super markets and hyper markets across the world. Flake ice is extensively used in super markets and hyper markets to store and display sea food.
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Flake ice as a result of its physical properties is suitable to store seafood without damaging the skin of the fish. Countries such as India and China have witnessed a significant rise in the number of super markets and hypermarkets in the last few years. Moreover, the trend is expected to continue in the years to come as well, thereby creating favorable opportunities for the flake ice machine market to further flourish.
Furthermore, flake ice is extensively used in the fishery and aquatic food processing industry and is considered a proper method for cooling seafood products quickly in order to preserve peak freshness. Another important factor aiding the flake ice machine market growth can be attributed to the increasing application of flake ice in concreting in order to prevent cracks.
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The flake ice machine market is characterized by the presence of both international and domestic brands. Some of the most important aspects upon which these manufacturers compete against each other include product quality, brand recognition, availability, performance and product innovation among others.
Often these manufacturers invest heavily in research and development activities in order to design and develop new products. This strategy helps these manufacturers to gain a competitive advantage thereby positively impacting the sales. For instance, recently, MAJA, a German based manufacturer of flake ice machines, launched a new flake ice machine which acts as a hybrid unit and can initially use an HFC refrigerant but ultimately transit to CO2.
Some of the major players operating in the flake ice machine market include North Star, Focusun, MAJA GmbH & Co. KG, Scotsman, ICEMAN Corporation, Hoshizaki, Industrial Refrigeration Pvt. Ltd., Ice-O-Matic, Telstar and Recom among others.