Tumbler Market Insight: CAGR is Projected to 11.1%

Tumbler Market Summary

Tumbler refers to a cup that has a thicker base and no ridges or bulges. This design can increase the stability of the cup and make it less likely to tip over. It is often used in coffee cups, tea cups or other beverage containers to provide better balance and anti-slip features. Tumbler can also reduce temperature conduction, keeping hot drinks warm longer, while also preventing tabletops or surfaces from being burned by hot cups.

According to the new market research report “Global Tumbler Market Report 2023-2029”, published by QYResearch, the global Tumbler market size is projected to reach USD 6.1 billion by 2029, at a CAGR of 11.1% during the forecast period.

• Global Tumbler MarketSize(US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Tumbler Market Report 2023-2029.

Market Drivers:

1. Stability and durability: Tumbler design provides better stability, making the cup less likely to tip or spill. This feature is very popular in busy places such as cafes, restaurants or office environments where the likelihood of accidents is higher.
2. Heat preservation performance: The thick bottom design helps to maintain the temperature of hot drinks for longer, keeping hot drinks warm for a long time. This feature is particularly appreciated by consumers who like to take their time with their hot drinks or savor them at their leisure.
3. Aesthetics: Tumblers usually have a stylish, modern appearance, which is very attractive to consumers who like modern and simple designs. They complement a variety of table settings and enhance the overall visual impact of your drinks.

Restraint:

1. Cost: Since the thick flat bottom design requires more material, manufacturing costs may be higher than traditional cups. This may lead to higher product prices, discouraging some price-sensitive consumers.
2. Weight and volume: Compared with traditional cups, tumblers are usually heavier and take up more space. This may be inconvenient for consumers who need to carry a cup, such as office workers or travelers.
3. Restricted to specific uses: Thick, flat-bottomed designs may not be suitable for certain cup uses, such as cups for specific coffee machines or special drinks. Certain shapes or sizes of cups may not fit the thick base design.

Opportunity:

1. Demand for innovation: Consumers are increasingly interested in new and creative products. As a relatively new design concept, Tumbler can meet consumers' needs for different experiences and personalized choices, and is innovative and attractive to a certain extent.
2. Increased health awareness: Consumers are increasingly paying attention to health and environmental protection, and their demand for the use of environmentally friendly materials and sustainable products is also increasing. Tumbler can be made of environmentally friendly materials, providing longer heat preservation effect, reducing reliance on disposable cups, and in line with consumers' health and environmental awareness.
3. E-commerce sales channels: With the rapid development of e-commerce, online sales have become an important channel for consumers to shop. Tumbler can be widely promoted and sold through e-commerce platforms to attract more consumers' attention and expand market coverage.

• Global Tumbler Top13Players Ranking and Market Share（Continually updated）

Based on or includes research from QYResearch: Global Tumbler Market Report 2023-2029.

According to QYResearch Top Players Research Center, the global key manufacturers of Tumbler include YETI, Starbucks, Newell Brands, CamelBak Products, Thermos, Lock & Lock, Tervis Tumbler, S'well Bottle, Libbey, ORCA Cooler, etc.

In 2022, the global top 10 players had a share approximately 93.0% in terms of revenue. Above figure shows the key players ranked by revenue in Tumbler.

• Tumbler,Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Tumbler Market Report 2023-2029.

In terms of product type, currently Stainless Steel is the largest segment, hold a share of 93.9%.

• Tumbler,Global Market Size, Split by ApplicationSegment

Based on or includes research from QYResearch: Global Tumbler Market Report 2023-2029.

In terms of product application, currently Household is the largest segment, hold a share of 57.3%.

• Tumbler,Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Tumbler Market Report 2023-2029.

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