US Tumbler Market Trends and Forecast
Lucintel finds, the future of the US tumbler market looks attractive with opportunities in the various outdoor activities, such as camping, hiking, fitness, and travel. The US tumbler market is expected to reach an estimated $1 billion by 2030, and it is forecast to grow at a CAGR of 5% from 2024 to 2030. The major growth drivers for this market are an 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.
The production of tumblers involves several key raw materials chosen for their durability, thermal properties, and safety. Stainless steel is commonly used for its strength, corrosion resistance, and excellent insulation capabilities. High-quality plastics such as polypropylene (PP) and Tritan are also popular due to their lightweight, shatterproof nature, and BPA-free composition. Silicone is frequently used for seals and lids to ensure a tight, leak-proof fit. In the US, the price of tumblers varies widely based on brand, materials, and features.
• 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 product market mainly due to its exceptional temperature retention property.
Country wise Outlook for the US Tumbler Market
Below image highlights recent developments by major US tumbler producers in key regions: the USA.
Emerging Trends in the US Tumbler Market
Emerging trends in the US tumbler market shaping its future applications and market dynamics:
• Sustainable and Eco-friendly Materials: There is a growing demand for tumblers made from sustainable materials like recycled stainless steel, biodegradable plastics, and bamboo. Consumers are increasingly prioritizing eco-friendly options to reduce their environmental footprint.
• Advanced Insulation Technologies: Innovations in insulation technology are leading to tumblers that can maintain beverage temperatures for longer periods. Vacuum insulation and double-wall construction are becoming standard features, appealing to consumers who want their drinks to stay hot or cold for extended times.
• Customization and Personalization: Customizable tumblers, where consumers can add personal touches like names, logos, or unique designs, are becoming more popular. This trend is driven by the desire for personalized and unique products, making them ideal for gifts or personal use.
• Smart Features: Integration of smart technology, such as temperature control, LED indicators, and connectivity with smartphone apps, is an emerging trend. These smart tumblers offer enhanced convenience and functionality, appealing to tech-savvy consumers.
• Ergonomic and User-friendly Designs: Tumblers with ergonomic designs, spill-proof lids, and easy-to-clean features are gaining popularity. Consumers are looking for practical, user-friendly products that enhance their drinking experience, whether at home, work, or on the go.
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Recent Developments in the US Tumbler Market
Recent developments in US tumbler market which highlights ongoing innovations and advancements across different sectors:
• Sustainability Initiatives: Many companies are focusing on eco-friendly materials such as bamboo, stainless steel, and recycled plastics to meet consumer demands for sustainable products.
• Advanced Insulation Technologies: There's a trend towards improved insulation capabilities in tumblers, with innovations like vacuum-sealed double-wall construction to maintain beverage temperatures for longer periods.
• Smart Features: Some tumblers now incorporate smart technologies such as temperature monitoring, Bluetooth connectivity for pairing with mobile devices, and even integrated LED displays for enhanced user interaction.
• Customization Options: Increased emphasis on customizable tumblers, allowing consumers to personalize their drinkware with engravings, unique designs, or corporate logos, catering to both individual preferences and promotional needs.
• Health and Wellness: Tumblers designed to support health-conscious lifestyles are gaining popularity, with features like infusion inserts for fruit-infused water and ergonomic designs for comfortable handling during exercise or outdoor activities.
Strategic Growth Opportunities for US Tumbler Market
Some key strategic growth opportunities for this market include:
Eco-Friendly Products:
• Increasing consumer awareness and demand for sustainable and eco-friendly products present opportunities for manufacturers to innovate with materials such as bamboo, recycled plastics, and stainless steel to appeal to environmentally conscious consumers.
Technological Advancements:
• Opportunities exist in integrating advanced technologies into tumblers, such as smart features such as temperature control, Bluetooth connectivity, and health monitoring capabilities, to enhance user experience and differentiate products in the market.
Health and Wellness:
• Tumblers designed to support health-conscious lifestyles, such as those promoting hydration tracking, infused beverages, or ergonomic designs for active use, can capitalize on the increasing focus on personal health and wellness.
Expansion into New Distribution Channels:
• Exploring new distribution channels, including online platforms, specialty retailers, and corporate partnerships for promotional items, can broaden market reach and tap into diverse consumer segments across the country.
By taking advantage of these strategic growth opportunities, the US tumbler market can realize its full potential and transform numerous industries through strength, design, and multi-functionality.
US Tumbler Market Driver and Challenges
US tumbler market plays a pivotal role across industries such as outdoor activities, travel, health & wellness, sports and daily use. Enhanced customization capabilities, allowing consumers to personalize tumblers with engraved designs, unique colors, logos, and text, appealing to individual preferences and corporate branding needs. However, challenges such as production costs underscore the need for strategic solutions to sustain growth and innovation in the US tumbler sector.
The key drivers for the US tumbler market include:
1. Rising Demand for Eco-Friendly Products: Increasing consumer awareness and concerns about environmental sustainability are driving the demand for tumblers made from eco-friendly materials like bamboo, stainless steel, and recycled plastics.
2. Health and Wellness Trends: Growing emphasis on health and wellness is boosting the popularity of tumblers designed for hydration tracking, infused beverages, and ergonomic features that support active lifestyles.
3. Convenience and On-the-Go Lifestyles: Tumblers are favored for their convenience, offering spill-proof and insulated options that cater to busy, on-the-go lifestyles, whether at work, during travel, or outdoor activities.
4. Customization and Personalization: The trend towards customizable tumblers, allowing consumers to personalize their drinkware with unique designs, logos, or messages, is driving demand among individuals and businesses for promotional items and gifts.
5. Technological Advancements: Innovations in tumbler design, such as advanced insulation technologies and smart features like temperature control and Bluetooth connectivity, are attracting tech-savvy consumers seeking enhanced functionality and user experience.
6. Shift from Single-Use Plastics: Increasing awareness about the environmental impact of single-use plastics is prompting consumers to switch to reusable tumblers as a sustainable alternative, contributing to market growth.
The challenges facing the tumbler with lid market include:
1. Intense Competition: The market is highly competitive with numerous brands offering a wide range of tumblers, making it challenging for companies to differentiate their products and maintain profit margins.
2. Cost and Pricing Pressures: High costs associated with eco-friendly materials, advanced technologies, and customization options can lead to pricing pressures, especially in a market where price sensitivity and value perception are significant factors.
3. Consumer Education: Educating consumers about the benefits of reusable tumblers compared to single-use options, and overcoming ingrained habits of convenience and disposability, can be a barrier to wider adoption.
4. Supply Chain Management: Managing global supply chains for raw materials and manufacturing components, including issues like sourcing sustainable materials and ensuring consistent quality, can pose logistical challenges and impact production timelines.
The US tumbler market is experiencing a surge in demand driven by several factors which include an 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.
US Tumbler Suppliers and their Market Shares
In this globally competitive market, several key players such as RTIC, Tupperware Brands, Yeti Holding, Tervis Tumbler, etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, US tumbler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the major US tumbler companies profiled in this report include-
• Yeti Holding Inc.
• Starbucks Corporation
• Tervis Tumbler
• RTIC
• Tritan USA
These companies have established themselves as leaders in the US tumbler industry, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the US tumbler market are evolving, with the entry of new players and the emergence of innovative tumbler with lid technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
US Tumbler Market by Segment
With increasing environmental awareness, there is a growing demand for tumblers made from sustainable materials such as bamboo, stainless steel, and recycled plastics. There is a rising trend towards customizable tumblers that allow consumers to personalize their drinkware with unique designs, logos, or messages, serving as popular gifts and promotional items. Innovations in smart technology integration, including features such ad temperature control, Bluetooth connectivity, and hydration tracking, are attracting tech-savvy consumers looking for enhanced functionality and convenience in their drinkware.
This US tumbler market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including US tumbler market by material type, and product type. The report offers insights into regional dynamics, highlighting the major markets for US tumbler market and their growth potentials. The study includes trends and forecast for the global US tumbler market by material type, product type and territory as follows:
US Tumbler Market by Material Type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
• Plastics
• Stainless Steel
• Glass and Others
US Tumbler Market by Product Type [Value ($ Million) from 2018 to 2030]:
• Insulated Tumblers
• Regular Tumblers
Features of the US Tumbler Market
• Market Size Estimates: US tumbler market size estimation in terms of value ($M).
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis: US tumbler market size by various segments, such as material type and product type
• Growth Opportunities: Analysis on growth opportunities in different material types and product types.
• Strategic Analysis: This includes M&A and competitive landscape for the US tumbler market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in tumbler with lid markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the US tumbler market size?
Answer: The global US tumbler market is expected to reach an estimated $1 billion by 2030.
Q2. What is the growth forecast for US tumbler market?
Answer: The US tumbler market is expected to grow at a CAGR of 5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the US tumbler market?
Answer: The major drivers for this market are an 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.
Q4. What are the major material types for tumblers with lid in the US?
Answer: Stainless steel, plastics, and glass are the major material types for tumblers with lid in the US.
Q5. What are the emerging trends in the US tumbler market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the Tumblers with ergonomic designs, spill-proof lids, and easy-to-clean features are gaining popularity. Consumers are looking for practical, user-friendly products that enhance their drinking experience, whether at home, work, or on the go.
Q6. Who are the key US companies that manufacture tumblers?
Answer: Some of the key US companies that manufacture tumblers with lid are as follows:
• Yeti Holding Inc.
• Starbucks Corporation
• Tervis Tumbler
• RTIC
• Tritan USA
Q7.Which will be the largest product type segment of the US tumbler market in the forecast period?
Answer: Lucintel forecasts that the insulated tumbler segment is the largest product type market mainly due to its exceptional temperature retention property.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 10 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the US tumbler market by material type (plastics, stainless steel, and glass & others) and product type (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 and challenges of the US
tumbler market?
Q.4 What are the business risks and threats to the US tumbler market?
Q.5 What are emerging trends in the US tumbler market and the reasons behind them?
Q.6 What are some changing demands of customers in the US tumbler market?
Q.7 What are the new developments in the US tumbler market? Which companies are leading these developments?
Q.8 Who are the major players in the US tumbler market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in the US tumbler market, and how big of
a threat do they pose for loss of market share via material or product substitution?
Q.10 What M&A activities did take place in the last five years in the US tumbler market?