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 $1 billion by 2024 with a CAGR of 8.8% from 2019 to 2024. The major growth drivers for this market are an increase in outdoor recreational activities, growing demand for attractive drinkware products, and increasing use of promotional tumblers as a corporate or personal gift with customized prints, logos, and messages.
In this market, stainless steel, plastic, and glass are the main material types. On the basis of comprehensive research, Lucintel forecasts that stainless steel tumblers are expected to witness significant growth over the forecast period.
By product type, the US tumbler market is segmented into insulated and regular tumblers. The insulated tumbler segment is the largest segment mainly due to its exceptional temperature retention property.
Emerging trends, which have a direct impact on the dynamics of the market, include introduction of double-walled vacuum insulation technology, increasing use of high grade stainless steel, and rise in consumption of premium coated drinkware with lids. Yeti Holding Inc., Starbucks Corporation, Tervis Tumbler, RTIC, and Tritan USA are among the major suppliers of the US tumbler with lid market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the US tumbler market by material and product. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the US Tumbler with Lid Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the US tumbler market by material and product as follows:
By Material Type [Value ($ Million) and Volume (Million Units) from 2013 to 2024]:
• Plastic
• Stainless Steel
• Glass and Others
By Product Type [Value ($ Million) from 2013 to 2024]:
• 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 [email protected].
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?