Global residential ice-cream machine market is anticipated to witness an exponential growth in the forecast period. A residential ice cream maker, as the name suggests, serves the household purpose. The factors that propel the growth of the market include growing urbanization, increasing disposable income, and growth in the financial infrastructure of developed and emerging countries, portfolio extension, allowing product premiumization and increased demand for homemade ice creams.
On the other hand, there are factors that may hamper the growth of the market including price sensitivity of consumers in emerging economies. Globally, market is anticipated to expand at a significant CAGR of 9.67% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Residential ice-cream machine market could be explored by type, industry, application, sale channel and geography.
The market could be explored by type as 2-quart residential ice-cream machines, 4-quart residential ice-cream machines, and 6-quart residential ice-cream machines. The “2-quart residential ice-cream machines” segment led the market in 2017 and will continue to lead in the forecast period.
The key factors that may be attributed to the growth of the market include high demand and easy to handle. Based on industry, the market could span Personal user and Institutional user. The “Personal user” segment led the market in 2017 and will continue to lead in the forecast period.
The key applications that could be explored in the market include Offline and Online. The “offline” segment led the market in 2017 and will continue to lead in the forecast period. The residential ice-cream machine market could be explored based on sale channel as Direct Sales, and Distributor. The “Distributor” segment led the market in 2017 and will continue to lead in the forecast period.
North America accounted for the major share of the residential ice-cream machine market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand for homemade ice cream and increasing urbanization. North America is followed by the European region.
Some of the key players that fuel the growth of the residential ice-cream machine market comprise CARPIGIANI, TAYLOR, whirlpool, WCB, Electro Freeze, Nissei, Stoelting, Bravo, CAPLE, Frigomat, Moobella, Cuisinart, Unold, Spaceman, Huangshi Donper, Shanghai Lisong, Guangcheng, Oceanpower, Jiangmen Jingling, MKK, Jiangsu Xuemei, Hommy Enterprise, and De'Longhi S.p.A. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
The market is divided into the following segments based on geography:
Global Residential Ice-Cream Machine Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Hamilton Beach Brands
• ENP Direct (NOSTALGIA)
• Sunbeam Products
• Whirlpool (KitchenAid
Research Support Specialist, USA