Smart Temperature Controlled Mug Market Size Worth $1.1 Billion By 2030: IndustryARC
Mar 06, 2024
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The Global Smart Temperature Controlled Mug Market size is predicted to reach $1.1 billion by 2030, growing at a CAGR of 8.1% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing demand for 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 “Smart 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, 2024–2030”
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Asia Pacific Register Highest Growth:
The Smart 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 Smart 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.
Smart Temperature Controlled Mug Market 2023-2030: Scope of the Report
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 8.1% |
Market Size in 2030 | $1.1 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 |
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Smart Temperature Controlled Mug Market Report – Key Takeaways:
- Plastic Dominate the Market
The Plastic segment had the largest market valuation of $384 million in 2023 owing to their affordability and versatility. These mugs catered 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 9.4% 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. In, According to 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 36.5% 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 has 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 Smart 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,
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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 for 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 for 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, Smart 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 instant, Ember Mug Club subscription service delivers a new Ember mug to your door every quarter in which customer can choose from a variety of mug colors and styles.
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The Report also Covers the Following Areas:
- Smart Temperature Controlled Mug Market Size and Forecast
- Smart Temperature Controlled Mug Market Trends
- Smart Temperature Controlled Mug Market Analysis by Material
Smart Temperature Controlled Mug Market 2023-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Smart 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 Smart Temperature Controlled Mug Market
Covid and Ukrainian Crisis Impact:
- The COVID-19 pandemic significantly influenced the Smart 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 Smart 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.
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List of Key Market Players in Smart Temperature Controlled Mug Market:
The Global Smart 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.
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Temperature Controlled Packaging Solutions Market – The Temperature Controlled Packaging Solutions Market is projected to grow at a CAGR of 10.3% from 2023 to 2030. 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 2023 to 2030. Growing concerns about energy savings and greenhouse gas emissions across different countries lead to the development of new production facilities which use high temperature insulation materials such as calcium silicate, polycrystalline fiber, mineral wool, ceramic fibers, and insulating firebricks and thereby increase demand the global.
Food And Beverage Temperature Sensor Market – The Food And Beverage Temperature Sensor Market is projected to grow at a CAGR of 12% from 2023 to 2030. 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 sensors growth.
Digital Temperature Sensor Market – The Digital Temperature Sensor Market is projected to grow at a CAGR of 9.9% from 2023 to 2030. The growth of 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 in order to simplify asset monitoring solutions preventing from premature equipment failure. Increasing penetration of digitalization in sensing technology is estimated to drive the Digital Temperature Sensor Market.
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Mr. Venkat ReddyIndustryARC
Email: sales@industryarc.com
USA: (+1) 518 282 4727
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