Opportunities for the US tumbler market to reach $1 billion by 2023

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.

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.

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This release was published on openPR.