The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Ice Maker Market.
It was estimated prior to this unanticipated outbreak Ice Maker Market will reach CAGR of 6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Ice Maker Market Insights
Ice maker market is likely to witness a healthy CAGR of 6% during the forecast period. The prime factors that are contributing to the demand for ice makers are the rapidly growing food & beverage industry, growing demand for ice makers in the healthcare sector, increasing demand for household ice making systems, and good growth of e-commerce industry in Asia Pacific and Latin America.
Market Share Analysis
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