According to
a new market report published by Lucintel, the future of the US lidded tumbler
market looks attractive with opportunities in the various outdoor activities such
as camping, hiking, fitness, and travel. The report considers all tumblers sold
with lids in the United States; this market is expected to reach an estimated $1 billion by 2023
with a CAGR of 8.7% from 2018 to 2023. The
major growth drivers for this market are an increase in outdoor recreational
activities, growing demand for attractive drinkware products, and increasing
use of promotional tumblers as a corporate or personal gift with customized
prints, logos, and messages.
In this market, stainless steel, plastic, and
glass are the main material types. On the basis of comprehensive research,
Lucintel forecasts that stainless steel tumblers are expected to witness significant
growth over the forecast period.
By product
type, the US tumbler market is segmented into insulated and regular tumblers.
The insulated tumbler segment is the largest segment mainly due to its exceptional temperature retention property.
Emerging trends, which have a direct impact on the
dynamics of the market, include introduction of double-walled vacuum insulation
technology, increasing use of high grade stainless steel, and rise in
consumption of premium coated drinkware with lids. Yeti Holding Inc., Starbucks
Corporation, Tervis Tumbler, RTIC, and Tritan USA are among the major suppliers
of the US tumbler with lid market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the US tumbler market by material and product. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the US Tumbler with Lid Market 2018-2023: Trends, Forecast,
and Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the US tumbler market
by material and product as
follows:
By Material Type [Value ($ Million) and Volume
(Million Units) from 2012 to 2023]:
- Plastic
- Stainless Steel
- Glass and Others
By Product
Type [Value ($ Million) from 2012 to 2023]:
- Insulated Tumblers
- Regular Tumblers
This
100-page research report will enable you to make confident business decisions
in this US competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q.1 What are some of the
most promising, high-growth opportunities
for the US tumbler market by material (plastic, stainless steel, and
glass and others) and by product
(insulated tumblers and regular tumblers)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.4 What are the business risks and competitive
threats in this market?
Q.5 What are the emerging trends in this
market and the reasons behind them?
Q.6 What are some of the changing demands of
customers in the market?
Q.7 What are the new
developments in the market and which companies are leading these developments?
Q.8 Who
are the major players in this market? What strategic initiatives key players pursuing for business growth?
Q.9 What are some of the
competing products in this market and how big of a threat do they pose for loss
of market share by product substitution?
Q.10
What M&A activity has occurred in the last 5 years and what has its impact been on the market?
