About Thermos Mug
A thermos mug is a holder in which the user can keep or carry liquid hot or cold for a long time. These mugs come in different materials with and without handles that are used according to the applications. Increasing demand for mugs that can keep water or beverages hot or cold among the traveling populations. Further, consumers are preferring and demanding a thermos mug equipped with an HD LCD touch screen for prompting real-time temperature display will accelerate the growth of smart thermos mugs in the nearer future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Thermos Mug market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
InstaCuppa (India), Pigeon Industries Private Limited (India), ThermalMate (Australia), Borosil (India), Everich Commerce Group Limited (China), Thermos L.L.C. (United States), Brumate Inc. (United States), YETI COOLERS, LLC. (United States), Fellow Products (United States), Contigo (United Kingdom), Stanley (United States) and Braun (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thermos Mug market by Type (With Handle and Without Handle) and Region.
On the basis of geography, the market of Thermos Mug has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Thermos Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Quantity, the sub-segment i.e. 300 ml will boost the Thermos Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Adults will boost the Thermos Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Thermos Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on the Development and Innovation of Thermos Mug that Can Hold Liquid at Their Temperature for Longer Time Duration
Market Growth Drivers:
Surging Demand of Thermos Mug to Maintain Temperature of Hot or Cold Liquid and Increasing Number of Travelling Lovers and Growing Popularity of Temperature Display Thermos Mugs Among Consumers
Challenges:
Availability of a Large Number of Players in the Market May Create Challenges
Restraints:
Ceramic Thermos Mug Can Crack, Break, or Chip Easily and Doesn’t Keep Fluid Hot or Cold for Ling Time
Opportunities:
High Adoption of Thermos Mug Without Handle by the Traveling Populations
Market Leaders and their expansionary development strategies
In 2019, Contigo, a leading innovator of water bottles, travel mugs, and kids bottles introduced LUXE Collection. It includes LUXE Stainless Steel Tumbler with Spill-Proof Lid and LUXE AUTOSEAL Vacuum-Insulated Travel Mug with thermalock technology that allows beverages to stay at their desired temperatures for longer.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Thermos Mug Manufacturers, Suppliers and Distributors, Raw Material Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.