The global ice machine market has demonstrated remarkable resilience and expansion, with its scale surging from 2.06billionin2019to5.3 billion in 2024—a staggering 47% growth in just five years. Driven by booming demand across food service, cold chain logistics, and residential sectors, the market is projected to reach $7.4 billion by 2028, sustaining a 6.3% CAGR (2024–2028).
Commercial Demand Surge
Bubble tea and coffee culture has revolutionized beverage consumption, fueling unprecedented demand for high-capacity commercial ice machines in cafes and Milk tea shop. Hospitality giants (hotels, bars, supermarkets) rely on industrial-grade ice makers for operational efficiency and customer experience enhancement.