During the forecast period, the global Synthetic Artificial Ice Market is projected to experience a strong revenue CAGR of 9.8%. The growing awareness about the advantages of ice skating, such as fitness and leisure, is expected to drive demand for ice rinks, leading to revenue growth in the Synthetic Artificial Ice Market. The use of the internet and social media platforms is fueling interest in winter sports, including ice hockey and figure skating, creating a demand for cost-effective alternatives to traditional high-cost ice rinks. This presents significant opportunities for major players in the global market.
The Covid-19 pandemic has had a negative impact on market revenue growth due to temporary closures of ice rinks during lockdowns. However, there are several factors that are expected to drive revenue growth in the market, including an increase in national and international tournaments requiring practice rinks, as well as the need for artificial ice to create new rinks.
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Top Companies Operating in the Global Synthetic Artificial Ice Market Report:
Aquarian Synthetic Ice International, Inc., Synthetic Ice Rink Manufacturing, Inc., Synthetic Ice Solutions, Inc., Synthetic Ice Systems, LLC, SyntheticIceUSA.com, Glice GmbH, Synthetic Surfaces International, Backyard Ice Rinks, Inc., Synthetic-Ice.com, and Everice International Ltd.
The factors that drive the industry's growth are highlighted in the report. The report divides the Synthetic Artificial Ice Market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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This report analyzes the Synthetic Artificial Ice Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Synthetic Artificial Ice Market is provided to gain a deeper understanding of its growth and progress.
The global Synthetic Artificial Ice Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Synthetic Ice
- White Ice
Application Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Amusement Parks
- Stadiums
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