According to
a new market report published by Lucintel, the future of the global tumbler
with lid market looks attractive with opportunities in outdoor activities such
as camping, hiking, fitness, and travel. The global tumbler with lid market is
expected to reach an estimated $2.5 billion by 2023
with a CAGR of 6.8% from 2018 to 2023. The
major growth drivers for this market are increase in outdoor recreational
activities, 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 used for
manufacturing of tumblers. On the basis of comprehensive research, Lucintel
forecasts that the stainless steel tumbler is expected to remain the largest segment
and also witness the highest growth over the forecast period due to exceptional temperature retention properties,
durability, and superior toughness.
Within the global tumbler with lid market,
the sports and outdoor activities segment will remain the largest and also witness
the highest growth during the forecast period due to increasing
spending in outdoor recreational activities and growing demand for ultra-lightweight, fashionable,
one-handed beverage containers.
North America is expected to remain
the largest market and also witness the highest growth over the
forecast period due to increasing camping, hiking, and other outdoor
recreational activities.
Emerging trends, which have a direct impact on the
dynamics of the market, include introduction of vacuum sealing and coating
technology and increasing demand for temperature retention tumblers. Newell
Brands, Tupperware Brands, Yeti Holding, Xiamen Xaoyuren Home Appliance and Technology
Co., Thermos, Tervis Tumbler, Hydro Flask, and Tritan USA are among the major
suppliers of the global tumbler with lid market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global tumbler with lid market by material, product,
application, capacity, and region. Lucintel
has compiled a comprehensive
research report entitled “Growth
Opportunities in the Global 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 global tumbler market by material, product, application, capacity, and
region as follows:
By Material Type [Value ($ Million) and Volume
(Million Units) from 2012 to 2023]:
- Stainless Steel
- Plastic
- Glass and Others
By Product
Type [Value ($ Million) from 2012 to 2023]:
- Insulated Tumblers
- Regular Tumblers
By Application Type [Value ($ Million) from 2012 to 2023]:
- Sports and Outdoor Activities
- Everyday
- Others
By Storage Capacity [Value ($ Million) from 2012 to 2023]:
- Up to 12 Ounces
- 12 to 20 Ounces
- 20 to 30 Ounces
- Above 30 Ounces
By
Region [Value ($ Million) and Volume (Million Units)
from 2012 to 2023]:
· North America
− US
− Canada
− Mexico
· Europe
− Germany
− Italy
− UK
· APAC
− China
− India
− Japan
· ROW
− Brazil
− UAE
− South Africa
This
214-page research report will enable you to make confident business decisions
in this global competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or 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 global
tumbler market by material (stainless steel, plastic, and glass and others), product (insulated tumblers and regular
tumbler), application (sports and outdoor activities, everyday, and others) and
capacity (up to 12 ounces, 12 to 20 ounces, 20 to 30 ounces, above 30 ounces) and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which
segments will grow at a faster pace and why?
Q.3 Which
region will grow at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5 What
are the business risks and competitive threats in this market?
Q.6 What
are the emerging trends in this market and the reasons behind them?
Q.7 What
are some of the changing demands of customers in the market?
Q.8 What are the new
developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What
strategic initiatives key players pursuing for business
growth?
Q.10 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.11
What M&A activity has occurred in the last 5 years?
No comments:
Post a Comment