ALBANY, New York, May 2, 2018 /PRNewswire/ --
According to the latest market report published by Transparency Market Research titled "Tumblers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2026," steel tumblers segment is anticipated to be the highest contributor to the global tumblers market revenues, over the forecast period, 2018-2026. Globally, the revenue generated from sales of steel tumblers has been estimated to be over US$ 732.9 Mn in 2018, and is projected to increase at a CAGR of 5.8% during forecast period.
Growing demand for customization and on-the-go drinkware helps in the growth of the tumblers market. Tumblers reduce the possibility of spillage and have various advantages over conventional cups. Consumers are moving towards convenient products with the changing lifestyle. Manufacturers come up with various innovations in tumblers such as vacuum tumblers with double wall which allows consumers to keep their beverage hot or cold for an extended period of time.
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The global push for making the shift towards reusable products and packaging solutions has led to an increasing preference for tumblers and related products. On the basis of product type, steel tumblers segment accounts for the largest market share of tumblers market due to growth in the technological advancements to overcome the existing challenges. On the basis of capacity of tumblers, 12 to 20 oz capacity segment is expected to dominate the market during the forecast period. On the basis of sales channel, convenience stores dominates the market of global tumblers market.
APAC region is estimated to account for the largest share in tumblers market due to change in lifestyle and consumer preferences in this region. The MEA region is estimated to contribute less but have a rapidly growing market share in tumblers market. Growth in tumblers market in Latin America region is expected to be moderate during the forecast period.
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The market players that have been profiled include - Tupperware Brands Corporation, Pelican Products, Inc., CamelBak Products, LLC, Can't Live Without It, LLC (S'well Bottle), Thermos, LLC, Evans Manufacturing, Inc., Hydro Flask, Ee-Lian Enterprise (M) Sdn. Bhd., Cool Gear International, LLC, Klean Kanteen, Inc., Yeti Coolers, LLC, O2COOL, LLC, Bubba Brands, Inc., and Lock&Lock Co., Ltd.
The report analyses the key drivers and restraints, as well as the tumblers market trends, and performs impact analysis based on the average weighted model. Globally, the tumblers market has been segmented on the basis of product type, capacity, sales channel, and region. The segmentation is as follows:
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By Product Type
- Steel Tumblers
- Plastic Tumblers
- Glass Tumblers
- Up to 12 oz
- 12 to 20 oz
- 20 to 30 oz
- Above 30 oz
By Sales Channel
- Hyper/super Market
- Convenience Stores
- Online Sales
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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