Albany, NY -- (SBWire) -- 05/30/2019 --Growing demand for customization and on-the-go drinkware helps in the growth of the tumblers market. Tumblers reduce the possibility of spillage and have various advantages over conventional cups. Consumers are moving towards convenient products with the changing lifestyle. Manufacturers come up with various innovations in tumblers such as vacuum tumblers with double wall which allows consumers to keep their beverage hot or cold for an extended period of time.

According to the latest market report published by Transparency Market Research titled "Tumblers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018–2026," steel tumblers segment is anticipated to be the highest contributor to the global tumblers market revenues, over the forecast period, 2018-2026. Globally, the revenue generated from sales of steel tumblers has been estimated to be over US$ 732.9 Mn in 2018, and is projected to increase at a CAGR of 5.8% during forecast period.

The report analyses the key drivers and restraints, as well as the tumblers market trends, and performs impact analysis based on the average weighted model. Globally, the tumblers market has been segmented on the basis of product type, capacity, sales channel, and region.
Drivers & Restraints:

One of the key factors which are expected to play a pivotal role in pushing the demand for tumblers is the demographic outlook of the country/region. It has been observed that participation in recreational activities varies greatly among regions and age groups. Also, after every couple of decades, there is a distinct change in lifestyle. Many emerging economies such as India and Brazil have witnessed extensive growth in employment in the past few years, which has led to an increase in disposable income. One of the ways that has affected the lifestyle of the working population in these countries is, a growth in participation in recreational activities.

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The same has had a direct impact on the growth of the tumblers market. In developed countries such as the USA, Canada, and countries in the Europe region, participation in sports is highly encouraged and practiced, thereby contributing significantly to the growth of the global tumblers market. The global push for making the shift towards reusable products and packaging solutions has led to an increasing preference for tumblers and related products.

APAC region is estimated to account for the largest share in tumblers market due to change in lifestyle and consumer preferences in this region. The MEA region is estimated to contribute less but have a rapidly growing market share in tumblers market. Growth in tumblers market in Latin America region is expected to be moderate during the forecast period.

Major Companies Profiled in this Research Report based on Current and Future Business Overview, Financial and Strategical data, Product Landscape, and SWOT Analysis:

The market players that have been profiled include - Tupperware Brands Corporation, Pelican Products, Inc., CamelBak Products, LLC, Can't Live Without It, LLC (S'well Bottle), Thermos, LLC, Evans Manufacturing, Inc., Hydro Flask, Ee-Lian Enterprise (M) Sdn. Bhd., Cool Gear International, LLC, Klean Kanteen, Inc., Yeti Coolers, LLC, O2COOL, LLC, Bubba Brands, Inc., and Lock&Lock Co., Ltd.