Keeping cool: Revenue will rise as growth in consumer spending propels downstream demand

The Ice Making Machine Manufacturing industry experienced marginal growth over the five years to 2017. Healthcare, hospitality and food service providers are the industry's primary markets. Over the past five years, stronger revenue from hospitals, due to an aging US population and an increased need for medical care, helped lead to an increase in ice machine purchases. Nevertheless, the industry experiences intense and persistent competition from overseas imports, especially from nations like China, which benefit from lower regulatory and labor costs. These competitive pressures have tempered any significant industry revenue and profit growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$832m
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
1,953
Businesses
21

Industry Threats & Opportunities

  • Industry growth is expected to continue as demand from downstream markets expands
  • Downstream markets were attracted to less-expensive ice making machines
  • The Energy Star designation has created a more environmentally conscious industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Ice Making Machine Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2022, industry value added, which measures an industry's contribution to the economy, is projected to increase at an annualized rate of 0.8%. Over the same period, US GDP is forecast to grow at an annualized rate of 2.0%. As a result, this industry's importance to the US economy is marginally decreasing, which indicates a mature industry.Industry products are well-defined and readily accepted by downstream markets. Ice making machine manufacturers predominantly produce various sizes of cube, flake, crescent and nugget ice for commercial markets, such as food service establishments, hotels and healthcare facilities. The...purchase to read more.

    Additional Insights for the Ice Making Machine Manufacturing Industry

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

  • Use of most efficient work practices
  • Production of premium goods/services
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Demand from hospitals in the Ice Making Machine Manufacturing industry impact industry performance..

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    What's in this report

    What is the Ice Making Machine Manufacturing Industry?

    This industry manufactures ice making machines, including ice cube makers, ice flake makers and combination ice makers, primarily served to commercial markets.

    Industry Products
  • Self-contained ice cube makers
  • Self-contained flake or chip machines
  • Not self-contained
  • Combination ice makers
  • Industry Activities
  • Manufacture commercial-use ice cube makers
  • Manufacture commercial-use flake ice makers
  • Manufacture ice and drink dispensers
  • Manufacture undercounter ice makers
  • Manufacture countertop ice makers
  • Manufacture ice bins
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Demand from hospitals
  • Demand from accommodation
  • Demand from food services and drinking places
  • Trade-weighted index
  • Domestic trips by US residents

  • Current Performance
  • Trade and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Energy-efficient products
  • Import competition subsides
  • Profit recovers
  • Table: Ice Making Machine Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Restaurant & Hotel Equipment Wholesaling
  • Retail Trade
  • Hospitals

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Navigational Instrument Manufacturing

  • Products & Services
  • Not self-contained
  • Combination ice makers
  • Self-contained ice cube makers
  • Self-contained flake or chip machines
  • Chart: Ice Making Machine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospital and healthcare facilities
  • Restaurants, grocery stores, foodservice and drinking establishments
  • Hotel and hospitality
  • Other
  • Chart: Major Market Segmentation for the Ice Making Machine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Ice Making Machine Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Making Machine Manufacturing Industry

  • Industry Globalization
    Ali Group S.p.A., The Manitowoc Company Inc., Hoshizaki America,
  • Table: Ali Group S.p.A. - financial performance
  • Table: The Manitowoc Company Inc. - financial performance
  • Table: Hoshizaki America - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ice Making Machine Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Energy Star
  • Energy Star is a US Environmental Protection Agency voluntary program that helps businesses save money and be more environmentally friendly.
  • Epa
  • The US Environmental Protection Agency was created to protect human health and the environment.
  • Flake Ice
  • Soft, slower-melting ice that is useful for beverages. Flake ice can also be used during medical treatment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ice Making Machine Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Ice Making Machine Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Making Machine 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 Making Machine 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 Making Machine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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