Overview

Chill out: Manufacturers struggled early on, but growing per capita disposable income will provide the industry with steady revenue growth

IBISWorld’s Industry Market Report on Ice Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Stable input costs and gradual increases in per capita disposable income will generate steady revenue growth
  • Industry companies that choose only to produce packaged ice have struggled most over the past five years
  • The industry is poised to experience gradual but consistent revenue growth in line with increasing per capita disposable income

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    Industry Analysis & Industry Trends

    Sharp declines in per capita disposable income greatly reduced overall demand for manufactured ice early in the five years to 2015. Because demand for manufactured ice is fairly elastic, many consumers were quick to suspend all purchases of ice and instead freeze their own ice cubes through their home refrigerators. Over the five years to 2020, stable input costs and gradual increases in per capita disposable income will generate steady growth. Although the industry has struggled with consolidation following several mergers, bankruptcies and declines in industry wage payments, ice manufacturing activities have become increasingly lean, and operators have been able to take advantage of cost-effective ice manufacturing equipment...

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    Industry Report - Industry Investment Chapter

    The Ice Manufacturing industry exhibits a moderate level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labor in the industry, $0.25 will be spent on capital in 2016. This represents a decrease from 2011, when the industry spent $0.37 on capital for every dollar spent on labor. Capital expenditures are necessary to purchase ice production machinery, maintain equipment and to ensure that operators produce high quantities of water at a consistent level. Despite the industry's significant capital intensity, companies are still dependent on labor to operate machinery, and various marketing and promotional activities continue to make use of significant levels of human capital.

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    Additional Insights for the Ice Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ice Manufacturing Industry are

  • Strong leadership
  • Economies of scale
  • Use of most efficient work practices
  • IBISWorld analysts also discuss how external factors such as Demand from grocery wholesaling and Per capita disposable income in the Ice Manufacturing industry impact industry performance..

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    Industry Products

    What is the Ice Manufacturing Industry?

    This industry primarily manufactures ice. Companies in the industry freeze water into varying forms of block and cubed ice to be sold in bags. This industry does not include the production of dry ice.

    Industry Products
    Cube ice
    Block ice
    Flake ice
    Tube ice
    Plate ice
    Exports
    Industry Activities
    Block ice
    Cube ice
    Shaved and flaked ice

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from grocery wholesaling
  • Per capita disposable income
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Industry warming up
  • Cutting costs and consolidation
  • Minimal global trade
  • Chart: Revenue Growth

  • Industry Outlook
  • A leaner industry
  • Stabilizing trade
  • Table: Ice Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ice Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Bars & Nightclubs

  • Key Selling Industries
  • Local Freight Trucking
  • Plastic Products Miscellaneous Manufacturing
  • Printing
  • Water Supply & Irrigation Systems

  • Products & Services
  • Cube ice
  • Tube ice
  • Flake ice
  • Exports
  • Plate ice
  • Block ice
  • Chart: Ice Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and mass merchants
  • Convenience, gas station and liquor stores
  • Other channels
  • Distributors
  • Chart: Major Market Segmentation for the Ice Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ice Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Manufacturing Industry

  • Industry Globalization
    Major Companies
    Arctic Glacier Inc.Reddy IceThe Home City Ice Co.
  • Table: Arctic Glacier Inc. - financial performance
  • Table: Reddy Ice - financial performance
  • Table: The Home City Ice Co. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ice Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Ice Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of plastic materials and resin (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Artificial Snow
  • Snow that is produced by forcing water and pressurized air through cannons in order to supplement natural snow cover on ski slopes
  • Microbes
  • Living microorganisms such as bacteria and archaea that, if found in certain food and drink, may be pathogenic and can cause disease
  • Reefer
  • Industry term used to describe refrigerated containers that have been equipped to ship frozen goods during intermodal freight transport
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ice Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ice Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ice Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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