What is Travel Mug?
A travel mug is meant for taking hot beverages, like coffee, tea, and cocoa , along while traveling. These mugs are most often used when traveling by car. However, they will even be used for carrying beverages on board buses, trains, and even boats. Though travel mugs are frequently utilized in vehicles, they also make frequent appearances at parks, sporting events, meetings, malls, and similar locations.
The market study is broken down by Type (Stainless Steel Travel Mug, Ceramic Travel Mug, Plastic Travel Mug and Other) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Travel Mug market throughout the predicted 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.
Keurig (United States), Ninja (United States), DeLonghi (Italy), Bobble (United Kingdom), Bonjour (India), Caribou Coffee (United States), Contigo (China), Disney (United States), Primula (Russia) and Zojirushi (Japan) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Travel Mug market by Type, Application and Region.
On the basis of geography, the market of Travel Mug has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Distribution Channel, the sub-segment i.e. Online Sales will boost the Travel Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Up to 399 ml will boost the Travel Mug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2019, Ember Introduces the Next Generation of Temperature Control Smart Mugs. Having new features like, up to 50% longer battery life. The new mugs all have a longer battery life than previous versions, so the Travel Mug2 will keep beverages hot for 3 hours, the 10 oz Ember Mug2 lasts 1.5 hours, and the 14 oz. Ember Mug2 goes for 80 minutes. However, if you keep the mugs on the charging coasters, you can keep them at full power all day.
- Rising demand for new varieties of mugs
- Urban population increases demand for mugs increases
- Mountaineers and tourists also prefer hot and cold drinks while travelling thatís why demand for travel mugs increases
- Increased in travelling by the peoples demand for mugs increases
Key Target AudienceManufactures, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Keurig (United States), Ninja (United States), DeLonghi (Italy), Bobble (United Kingdom), Bonjour (India), Caribou Coffee (United States), Contigo (China), Disney (United States), Primula (Russia) and Zojirushi (Japan) etc.
2. Can we have customized study for Travel Mug Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Travel Mug Market by 2026?
Analysts at AMA estimates Travel Mug Market to reach USD Million by 2026.