Global Smart Mugs Market to Witness Significant Growth Till 2028
Increasing per capital
income of the consumers along with the rapid advancements ad development of
smart devices is expected to propel the Global Smart Mugs Market in the
forecast period, 2023-2028.
According to TechSci Research
report, “Global Smart Mugs Market
By Region, Competition Forecast & Opportunities, 2027”, the market growth can be attributed to
the ongoing technological advancements in kitchen utilities, expanding food and
beverage sector, and rapid urbanization across the globe. In addition to this,
with the increasing per capita income of the people along with their elevating
lifestyle, the market for smart mugs is proliferating. Rise in the working
women population has resulted in strict routines and stringent working hours,
therefore, the consumers are increasingly opting for products that facilitate
on-the go-food and drink services. Smart mugs have flavored material print on
their surface which gets activated when water or any other liquid substance
such as water or milk is added to it. Apart from this, several market leaders
are introducing smart mugs that can track and measure the amount of drink
consumed by the consumer. Further, it also tracks the number of calories
consumed over a day. The new variants are also coming with zero calories
flavored capsules which are gaining wide traction among gym and sports
enthusiasts. In addition, a technology company and cutting-edge drink
manufacturer, smart mugs, have recently launched eco-friendly and 100 percent
biodegradable plant-based mugs to minimize carbon footprint. All the
aforementioned factors are expected to propel the global smart mugs market.
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smart mugs market"
Global smart mugs market is
segmented on the basis of type, material type, end-users, capacity,
distribution channel, regional distribution, and company. Based
on the type, the global smart mugs market is divided into wired and non-wired.
Among these, the non-wired segment is expected to dominate the market in the
coming years. This is primarily because the non-wired smart mugs are much more
convenient to use, are portable, and are designed for use on the go. The
non-wired mugs usually have double wall vacuum insulation, which acts as an
additional layer for insulation to facilitate better heat retention and an
air-tight enclosure that prevents heat from escaping.
By material type, the market
is bifurcated into ceramic, porcelain, stainless steel, and others. Among
these, the stainless-steel segment is expected to lead the market over the
forecasted period because stainless steel is easily workable and much more
durable. While on the other hand, over the time, porcelain and ceramic will
become discolored, which cannot be restored. It can also very easily develop
stains. Moreover, stainless steel has a “self-healing” quality if damaged
chemically or mechanically, provided that oxygen is present. Additionally, due
to the presence of special high chromium and nickel-alloyed grades, it can
retain strength and resist scaling and extreme temperature. As a result, the
stainless-steel segment is expected to propel the growth of the smart mugs
market.
Based on the end users, the
market is segmented into household use and commercial use. The household
segment is anticipated to lead the market with an impressive CAGR. With the
rising per capita income of the people and elevating the lifestyle of the
consumer, the demand for smart products is increasing. In addition, the rising
working women population across the globe has resulted in strict schedules and
stringent working hours. As a result, the demand for on-the-go products is
augmenting. This, in turn, is providing a positive outlook to smart kitchen
utilities such as smart mugs.
By capacity, the market is
fragmented into Less than 400 ml, 401-750 ml, and more than 750 ml. the 401-750
ml segment is expected to have the largest market share. This size of the smart
mug is neither too large nor too small, hence the ideal size of a mug to have
the right amount of drink. Moreover, this size of the product is easily
portable and travel friendly.
Based on the distribution
channel, the market is bifurcated into offline mode of distribution and online
mode of distribution. Among these, the offline channel of distribution will
lead the market over the forecast period due to the widespread presence of
kitchen utility stores, home essentials centers, and supermarkets where the
product is easily accessible. However, the online channel of distribution is
expected to grow at a rapid pace in the upcoming five years. This is primarily
because the online retail channels provide a hustle-free shopping experience,
doorstep delivery option, and lucrative discount and cashback offers.
Major market players
operating in the global smart mugs market are:
· Ember
Cauldryn
Glowstone
Burnout
Muggo
Geezo
OHOM
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Propelling demand for efficient, convenient and smart
kitchen utilities is facilitating the growth of smart mugs market. Moreover,
the availability of several market players who are intensively invested in the
development of technologically advance smart mugs is also adding to the growth
of the global smart glasses market in the upcoming years. Inflating disposable
income among the population particularly in the regions like North America, and
Europe etc., incorporated with the demands for the ownership of the smart
devices such as smart mugs is also strengthening the growth of the global smart
mugs market. New market players are advised to emphasize on the research and
product development. Technological advancement in the smart mugs to improve their
performance would allow the new players to establish their brands in the market
and support the market growth in future too,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm. “
“Global smart mugs market
By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Propulsion
(BEV, PHEV, FCEV), By Demand Category (OEM, Aftermarket), By Mounting
(Integrated, Separated), By Region, Competition Forecast & Opportunities,
2027”, has evaluated the future growth
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