Trends, opportunities and forecast to 2023 by material (plastic, stainless steel, and glass and others) and by product (insulated tumblers and regular tumblers)
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 $1 billion by 2023 with a CAGR of 8.7% from 2018 to 2023.
The major growth drivers for this market are an increase in outdoor recreational activities, growing demand for attractive drinkware products, and increasing use of promotional tumblers as a corporate or personal gift with customized prints, logos, and messages.
Browse 23 market data Tables and 49 Figures spread through 100 Pages and in-depth TOC on "US Tumbler Market" www.lucintel.com/us-tumbler-market-2018-2023.aspx
In this market, stainless steel, plastic, and glass are the main material types.
On the basis of comprehensive research, Lucintel forecasts that stainless steel tumblers are expected to witness significant growth over the forecast period.
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By product type, the US tumbler market is segmented into insulated and regular tumblers. The insulated tumbler segment is the largest segment mainly due to its exceptional temperature retention property.
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Emerging trends, which have a direct impact on the dynamics of the market, include introduction of double-walled vacuum insulation technology, increasing use of high grade stainless steel, and rise in consumption of premium coated drinkware with lids. Yeti Holding Inc., Starbucks Corporation, Tervis Tumbler, RTIC, and Tritan USA are among the major suppliers of the US tumbler with lid market.
The study includes a forecast for the US tumbler market by material and product as follows:
By Material Type [Value ($ Million) and Volume (Million Units) from 2012 to 2023]:
- Stainless Steel
- Glass and Others
By Product Type [Value ($ Million) from 2012 to 2023]:
- Insulated Tumblers
- Regular Tumblers
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