PUBLISHER: Grand View Research | PRODUCT CODE: 1552930
PUBLISHER: Grand View Research | PRODUCT CODE: 1552930
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.