Industry: Consumer Goods
Published Date: December-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 192
Report ID: PMRREP34994
The global ice merchandiser market is estimated to reach a size of US$ 0.26 Bn in 2024. It is predicted to rise at a CAGR of 2.3% during the forecast period to reach a value of US$ 0.30 Bn by 2031.
Growing customer desire for convenience, technical developments, and sustainability are some of the reasons driving the ice merchandiser market growth. In urban areas, ice merchandisers are increasingly found in retail locations like supermarkets, convenience stores, and gas stations.
The performance and lifespan of energy-efficient ice merchandisers are being improved by technological developments like predictive maintenance and sophisticated monitoring systems. With the help of refrigeration technologies designed to lessen carbon footprints, consumers are also favoring eco-friendly refrigeration systems more.
Ice merchandisers are in high demand due to the growing food and beverage industry, especially quick-service restaurants and convenience stores, which need consistent access to ice. Using merchandisers for dinners, appetizers, and desserts, the catering sector is anticipated to record a CAGR of 2% throughout the projection period.
Key Highlights of the Market
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Market Attributes |
Key Insights |
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Ice Merchandiser Market Size (2024E) |
US$ 0.26 Bn |
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Projected Market Value (2031F) |
US$ 0.30 Bn |
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Global Market Growth Rate (CAGR 2024 to 2031) |
2.3% |
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Historical Market Growth Rate (CAGR 2019 to 2023) |
1.8% |
North America is expected to dominate the ice merchandiser market by 65% in 2024, largely due to the strong retail industry and rising consumer demand for frozen and chilled goods in the U.S. The expansion of hypermarkets and supermarkets, coupled with increased investments in cold storage infrastructure by leading retail chains like Walmart and Costco, fuels market growth.
Commercial refrigeration manufacturers like True Manufacturing and Hussmann provide innovative, energy-efficient merchandisers for diverse business needs. Advances like temperature controls and smart inventory management align with consumer expectations for quality and freshness.
North America is the leading market for ice merchandisers. This is due to rapid economic growth, many people prefer to move to cities, and new merchandising solutions. Advances in retail and commercial refrigeration support the growth further.
Automation and Internet of Things (IoT) technologies are helping the ice merchandiser industry grow in Europe. The demand for energy-efficient solutions in food and drink, especially in convenience stores and quick-service restaurants (QSRs), is increasing. Europe is expected to hold a 36% share of the global market in 2024.
Smart features that help organizations optimize operations and save energy, such as predictive maintenance and remote monitoring, are becoming more popular. Also, the demand for frozen and chilled goods is rising in Europe due to the continent's expanding population and better economic climate, which is pushing big-box retailers to create cutting-edge, and energy-efficient ice storage systems.
Indoor ice merchandisers are predicted to control 60% of sales in 2024, dominating the industry. These useful, upright variants are well-liked for their excellent vertical space management, enhanced visibility, and accessibility, which make them perfect for ice product display, especially in busy places like supermarkets and convenience stores.
The need for easy-to-use, eye-catching merchandising solutions is driving the ice merchandiser market expansion. Innovations in energy efficiency, such as temperature control systems and LED lighting, have increased product longevity and decreased operating expenses. Also, the expanding convenience and foodservice industries are transforming the market of indoor ice merchandisers, emphasizing the importance of innovation and consumer-centric design.
The food industry is expected to record a 52% market share in 2024. This is due to its need for a lot of refrigeration for food preparation and displaying perishable items. Proper refrigeration is also important for maintaining the quality and safety of food in large food processing facilities, fast-food chains, and restaurants.
Innovations in energy-efficient systems and smart monitoring technologies have enhanced reliability and functionality, enabling the food industry to meet rigorous safety and sustainability standards.
The growing trend of dining out and increased demand for frozen desserts and beverages has solidified the food industry's leading position in the ice merchandiser market as consumer expectations for freshness and quality rise.
Freezer units known as "ice merchandisers" put bagged ice on display in front of the home for retail sales. Though they keep food and beverages chilled, they resemble reach-in refrigerators. They are simple to clean, keep constant temperatures, and guard against spoiling. They come in swinging, sliding, and no-door varieties.
Consumer demand for convenience is growing, particularly in urban areas with busy lifestyles. Ice merchandisers cater to this demand at retail locations like supermarkets, convenience stores, and gas stations.
Technical advancements are focusing on energy-efficient ice merchandisers. These feature smart monitoring, predictive maintenance, digital displays, and self-diagnosis programs to improve refrigeration system efficiency. Moreover, the food and beverage industry is expanding, particularly in sectors like quick-service restaurants and convenience stores, which require reliable access to ice for both consumer and operational use.
The global ice merchandiser market recorded a CAGR of 1.8% during the period from 2019 to 2023. Due to trade restrictions, lockdowns, and increased unemployment, the COVID-19 pandemic has caused substantial disruptions in the global industry.
Lockdowns have decreased market demand, while labor shortages have decreased metal production. Tight containment restrictions brought on by the spike in coronavirus infections have slowed down production facilities and decreased exports of equipment. However, because grocery and convenience stores use ice merchandisers to display bagged ice and store food goods, the industry is anticipated to develop somewhat due to storage capacity.
The growing use of vaccine storage units is anticipated to support the market growth throughout the projected period. Demand for ice merchandisers is estimated to record a considerable CAGR of 2.3% during the projection period from 2024 and 2031.
Consumer Demand for Convenience to Support Growth
The need for convenience among consumers, especially in cities is driving growth in the ice merchandiser market. Ice is readily available and dependable in retail establishments such as supermarkets, convenience shops, and petrol stations.
Walmart and 7-Eleven are introducing energy-efficient ice merchandisers with better refrigeration. These units will ensure ice is always available in busy areas. Companies like Manitowoc and Ice-O-Matic have added LED lights and smart temperature controls, making these machines appealing to environmentally conscious customers. These convenient products will likely remain popular in retail stores because they fit well with urban lifestyles.
Technical Development in Ice Cooling Unites Trend in the Industry
Energy-efficient ice merchandisers are transforming the market by cutting expenses and energy usage.
Smart monitoring systems are being integrated into merchandisers, enabling real-time temperature and performance tracking for optimal cooling. Predictive maintenance features, like those offered by True Manufacturing and Manitowoc Ice, alert operators of potential issues, reducing downtime and repair costs.
Manitowoc implemented intelligent energy management systems in March 2024 to ensure that companies meet energy regulations such as California's Title 24 and meet the environmentally conscious needs of the retail and food service sectors.
High Initial Costs and Infrastructure Integration Problems
Small and medium-sized businesses find it costly to purchase specialized units due to the market's challenges, which include high initial costs, continuous capital investments, and maintenance requirements.
Such kind of developments underscore the significance of facilitating wider adoption and reducing operational obstacles by making ice merchandisers affordable for small enterprises.
Surge in Demand for Frozen Goods Creates Merchandizing Prospects
The ice merchandiser market is being influenced by the demand for frozen and chilled goods being driven by urbanization and lifestyle changes. By ensuring hygiene and lowering bacterial development in interior spaces, technological advancements and the expanding organized retail industry are transforming the industry.
Leer Outdoor Merchandisers provides premium solutions with robust refrigeration systems, PVC frames, and reinforced doors. These developments improve operating efficiency and meet the expectations of international exports. Also, manufacturers in the frozen goods industry are envisioned to collaborate with ice chiller makers to display their products. For instance,
Expansion of Organized Retail to Provide Growth Avenues
Supermarkets, hypermarkets, and convenience stores are rapidly growing around the world. This growth is driven by more people moving to cities, changing consumer preferences, and increasing disposable incomes in North America and Europe. As a result, the demand for ice merchandisers is expanding.
Retailers are focusing on energy-efficient, durable ice merchandisers to meet environmental regulations and operational efficiency. Innovations like reverse fan self-cleaning systems and LED-lit display units are becoming standard. Global chains like Walmart and Tesco are introducing advanced refrigeration solutions to appeal to eco-conscious consumers.
In contemporary retail, ice merchandisers are increasingly essential, providing manufacturers with profitable chances to access global retail infrastructure and attracting a variety of customers with adaptable, energy-efficient designs.
Both international and local businesses are vying for market share in the ice merchandisers sector. These businesses make significant investments in creating cutting-edge goods that satisfy consumers' demands for ice storage and display units that are both aesthetically pleasing and useful.
Key players are growing their market by launching a varied product range that incorporates cutting-edge technology like energy-efficient cooling systems and smart temperature controls to accommodate different client preferences and applications. The industry of ice merchandisers often makes strategic collaborations and acquisitions to increase market share and seize possibilities.
Product quality is crucial in the market, with end-users prioritizing reliable solutions. Manufacturers invest in rigorous quality control and customer support systems to enhance brand reputation and build long-term relationships with clients seeking reliable ice storage and display solutions.
Recent Industry Developments
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Billion for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization and Pricing |
Available upon request |
By Product Type
By End User
By Region
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The market size is set to reach US$ 0.30 Bn by 2031.
Ice merchandisers are freezer units that display bagged ice in front of homes for retail sales.
Europe is set to attain a market share of 36% in 2024.
The market is estimated to be valued at US$ 0.26 Bn n 2024.
A few of the key players in the market are Polar Temp, Lowa Rotocast Plastics, Inc., Master Bilt, Leer Inc., and FOGEL USA.
