The Global Temperature Controlled Mug Market size is predicted to reach $1 billion by 2031, growing at a CAGR of 7.6% during the forecast period 2024-2031 according to the latest market research report published by IndustryARC. Increasing demand for an on-the-go lifestyle and the rising demand for smart appliances and smart homes are poised to propel the market growth, finds IndustryARC in its recent report, titled “Temperature Controlled Mug Market Size, Share & Trends Analysis Report By Material (Stainless Steel, Plastic, Ceramic, Glass, Others), By Technology (Electronic Cooling, Thermoelectric Cooling, Phase-Change Cooling), By Capacity (Small [Less than 12 oz], Medium [12-16 oz], Large [More than 16 oz]), By Product Type (Wireless Temperature, Wired Temperature), By Distribution Channels (Offline, Online), By Connectivity (Bluetooth-Enabled, Wi-Fi-Enabled, Non-Connected), By End-Use (Consumer Electronics, Food & Beverage, Healthcare & Medical Facilities, Office & Corporate, Outdoor & Recreational Activities, Others), By Region and Segment Forecasts, 2024–2031”
Request Sample Research Report: https://www.industryarc.com/pdfdownload.php?id=800437
Asia Pacific Register Highest Growth:
The Temperature Controlled Mug industry in the Asia Pacific region is expanding due to rising urbanization, hectic lifestyles and a burgeoning coffee culture have heightened the demand for convenient beverage solutions. Additionally, increasing disposable incomes, coupled with a growing tech-savvy population, have made smart temperature-controlled mugs particularly appealing in this region. The emphasis on eco-friendly materials and energy-efficient technology aligns with the region’s increasing environmental consciousness. In 2022, Japanese electronics company Panasonic launched a new temperature-controlled mug called the Panasonic Thermos Mug. The mug has a built-in battery that can be charged wirelessly and it can keep drinks at the desired temperature for up to 12 hours.
Temperature Controlled Mug Market 2023-2031: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2031 |
|
CAGR |
7.6% |
|
Market Size in 2031 |
$1 billion |
|
Segments Covered |
Material, Technology, Capacity, Product Type, Distribution Channel, Connectivity, End-Use and Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
|
Get Access to Full Research Report: https://www.industryarc.com/Research/temperature-controlled-mug-market-research-800437
Temperature Controlled Mug Market Report – Key Takeaways:
Plastic Dominate the Market
The Plastic segment had the largest market valuation of $412 million in 2023 owing to their affordability and versatility. These mugs cater to a wide range of consumers, including budget-conscious individuals and families. The lightweight and colorful designs made them appealing for various use cases, including outdoor activities and everyday use.
Medium (12-16 oz) to Register Highest Growth
Medium (12-16 oz) is analyzed to grow with the highest CAGR of 8.6% during the forecast period. This is owing to their versatility and suitability for various consumer needs. These mugs are often preferred for daily commuting and office use, as they are compact and easy to carry. The convenience of a smaller size and the ability to fit in car cup holders contributed to their popularity. According to a National Coffee Association survey, the most popular mug size for coffee is 12-16 oz, accounting for 35% of all mug sales. This is followed by 10-12 oz mugs at 25% and 16-20 oz mugs at 20% sales.
North America is Leading the Market
North America region held a major market share of 38% in 2023. The strong presence in this region can be attributed to the consumer demand for innovative beverage solutions. The region’s penchant for coffee culture, busy urban lifestyles, and a tech-savvy populace have driven the adoption of these mugs. Additionally, the emphasis on sustainability and eco-friendliness aligns with North American consumer values. In 2022, Ember launched its Ember Mug 3, which features a new design, longer battery life, and improved temperature control. The Ember Mug 3 can be controlled using a smartphone app and it can keep drinks at the desired temperature for up to 2 hours.
Burgeoning Opportunities in Outdoor Enthusiast
Outdoor enthusiast mugs represent a significant opportunity within the Temperature Controlled Mug market. These specialized mugs are tailored to meet the demands of adventurers, hikers, campers, and outdoor enthusiasts who require durable, temperature-controlled solutions for their on-the-go lifestyle. By offering features like rugged construction, spill-resistant lids, and extended temperature retention, manufacturers can tap into this growing segment. As more individuals seek outdoor experiences, these mugs provide an essential companion for enjoying hot or cold beverages in challenging environments. This market niche presents ample room for innovation, fostering opportunities to develop products that cater to the unique needs of outdoor enthusiasts,
Purchase this Premium Report: https://www.industryarc.com/purchasereport.php?id=800437
Key Opportunity Analysis:
The Adoption of Travel-Ready Mugs
With more people embarking on journeys, whether for business or leisure, there’s a burgeoning demand for mugs that maintain beverage temperatures during travel. These mugs are designed to be spill-proof, portable, and compatible with various cup holders, making them ideal companions for commuters and travelers. Manufacturers can capitalize on this trend by innovating travel-friendly features, such as USB charging options and durable materials. The travel-ready segment presents a valuable opportunity to cater to the modern nomad, seeking convenience and consistency in their on-the-go beverage experience.
The Emerging Trend of Corporate Gifting
Many businesses now recognize the value of temperature-controlled mugs as premium gifts for employees, clients, and partners. Customized with logos or branding, these mugs serve as both functional and promotional items, aligning with corporate wellness programs and enhancing brand visibility. The demand for bulk orders of high-quality, branded temperature-controlled mugs continues to rise as companies seek meaningful and practical gifts that leave a lasting impression. This trend opens up substantial opportunities for manufacturers to cater to the corporate gifting sector, providing tailor-made solutions that meet the specific needs of businesses and their gift recipients.
In 2022, according to a Smart Insights survey, 62% of consumers are interested in receiving a temperature mug as a gift. This suggests that temperature mugs are a popular gift choice for all occasions, including birthdays, holidays, and corporate gifts.
High Demand for Subscription Services
Consumers increasingly seek convenience and value through subscription models, where they can receive temperature-controlled mugs at regular intervals. These services provide access to the latest mug technology, ensuring customers always have the most up-to-date products without the upfront cost. Additionally, subscription services can offer perks like exclusive discounts, extended warranties, and personalized recommendations. For businesses, this model fosters customer loyalty and recurring revenue streams. By embracing subscription services, Temperature Controlled Mug market players can tap into evolving consumer preferences and secure long-term customer relationships while exploring new avenues for market expansion.
For instance, the Ember Mug Club subscription service delivers a new Ember mug to your door every quarter in which customers can choose from a variety of mug colors and styles.
If you have any questions, please feel free to contact our experts at: https://www.industryarc.com/reports/request-quote?id=800437
The Report also Covers the Following Areas:
Temperature Controlled Mug Market Size and Forecast
Temperature Controlled Mug Market Trends
Temperature Controlled Mug Market Analysis by Material
Temperature Controlled Mug Market 2023-2031: Key Highlights
CAGR of the market during the forecast period 2023-2031
Value Chain analysis of key stake holders
Detailed analysis of market drivers and opportunities during the forecast period
Temperature Controlled Mug Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Temperature Controlled Mug Market
COVID and Ukrainian Crisis Impact:
The COVID-19 pandemic significantly influenced the Temperature Controlled Mug market. Lockdowns and the widespread adoption of remote work fueled a heightened demand for at-home beverage solutions. While initial supply chain disruptions briefly impeded production and distribution, the market quickly pivoted. It diversified its offerings, emphasizing eco-friendly options, and accelerated the integration of smart technologies.
The Ukraine crisis introduced geopolitical uncertainties that indirectly affected the Temperature Controlled Mug market. Fluctuations in commodity prices, particularly stainless steel, which is pivotal in crafting premium mugs, led to cost variability for manufacturers. Global logistics disruptions temporarily hindered product availability in select regions. Nevertheless, these challenges spurred supply chain diversification and localized production, underlining the market’s adaptability.
To Get a Customized Industry Analysis, Speak with our Research Analyst: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in Temperature Controlled Mug Market:
The Global Temperature Controlled Mug Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Ember Technologies, Inc.
- Yeti Holdings, Inc.
- Cauldryn LLC
- Thermos LLC
- Yecup Inc.
- Muggo Inc.
- OHOM Inc.
- Contigo Brands
- Zojirushi Corporation
- BURNOUT Mugs
- Glowstone Inc.
- Cosori Corporation
- Sunnex Products Limited
- Sigg Switzerland AG
- Hydro Flask Inc.
Related Reports:
Temperature Controlled Packaging Solutions Market – The Temperature Controlled Packaging Solutions Market is projected to grow at a CAGR of 10.3% from 2024 to 2031. Temperature-controlled packaging solutions come in various types, each of which is designed to provide protection for specific cold chain applications. These include insulated shippers, insulated containers, gel packs, tapes, films, etc. Given the current situation, the healthcare and pharmaceutical industry is the major driver for the Temperature Controlled Packaging Solutions Market
High Temperature Insulation Materials Market – The High Temperature Insulation Materials Market is projected to grow at a CAGR of 7.2% from 2024 to 2031. Growing concerns about energy savings and greenhouse gas emissions across different countries led to the development of new production facilities that use high temperature insulation materials such as calcium silicate, polycrystalline fiber, mineral wool, ceramic fibers, and insulating firebricks and thereby increasing demand globally.
Food And Beverage Temperature Sensor Market – The Food And Beverage Temperature Sensor Market is projected to grow at a CAGR of 12% from 2024 to 2031. The process industry market trends such as miniaturization, rising automation, and the requirement to handle increasingly complex applications necessitate heat monitoring and control. This tendency, combined with strong sales and advances in sensor technology, is expected to maintain temperature sensor growth.
Digital Temperature Sensor Market – The Digital Temperature Sensor Market is projected to grow at a CAGR of 9.9% from 2024 to 2031. The growth of the Digital Temperature Sensor market is majorly attributed to the rising demand for integrated humidity and temperature sensors to provide high-accuracy measurements with low power requirements to simplify asset monitoring solutions preventing premature equipment failure. Increasing penetration of digitalization in sensing technology is estimated to drive the Digital Temperature Sensor Market.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518 282 4727
Web: https://www.industryarc.com
Follow us on: LinkedIn | Facebook | Twitter
Contact Information:
Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518 282 4727
Tags:
BNN, Extended Distribution, iCN Internal Distribution, Research Newswire, English