Overview:

The global stainless steel vacuum bottle market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Stainless steel vacuum bottle is a type of bottle that is heat retaining and made up of a vacuum double bottle having stainless steel material. In this bottle the two bottles are placed one within the other with joint at neck and the air is evacuated in between these two bottles. This generates vacuum and it helps to avoid heat transfer and maintains the temperature of content.

The stainless steel vacuum bottles are mainly used to carry water at outdoors, as these bottles are able to maintain the temperature of content for specific period of time. These bottles are also called as stainless steel thermos or stainless steel dewar bottle.

Market Dynamics:

Increasing preference for outdoor activities and travelling among individuals across the globe is a major factor driving growth of the global stainless steel vacuum bottle market. Rising income level, increasing government support for tourism, and growing trend of overseas travel for various purposes such as medical, sport, industry visits, and others is fueling the growth of number of travelers across the globe.

In addition, growing new entrants in the target market and technological advancements in product are key factors propelling growth of the global market. Many local players have entered in the market in various countries which is fueling target market growth. Also, leading players are focusing on product development to increase their market share. Key companies have launched products with leak resistant caps, double wall insulation, sweat and heat resistant outer material, and hollow lid at top as a cap.

Moreover, increasing product availability on E-commerce channels is resulting in stainless steel vacuum bottle market growth. Many end users are preferring online purchase, owing to high product availability from various brands that makes them easy to select from and various sales offers and discounts.

Key Trends:

Rising focus on strategic mergers and acquisitions among key players to increase the market presence and market share is a key trend witnessed in the global stainless steel vacuum bottle market. For example, in July 2017, Thermos L.L.C. has acquired Lifefactory, Inc., a leader in glass hydration and food storage products.

Regional Analysis:

For detailed understanding of market dynamics, the global stainless steel vacuum bottle market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global market is dominated by the North America region with highest market share in 2019. This is attributed to early adoption of stainless steel vacuum bottles in countries in the region. Also, high preference for outdoor activities among individuals and high number of travelers in the countries such as the US is another factor supporting regional market growth.

However, the market in Asia Pacific region is expected to register significant CAGR during the forecast period. This is due to growing user base and rising income level of individuals, which is resulting in growing adoption of stainless steel vacuum bottles for various purposes.

Scope of the Report:

Detailed Segmentation:

Global Stainless Steel Vacuum Bottle Market, By Product Type:

• Children Products
• Adult Products

Global Stainless Steel Vacuum Bottle Market, By Application:

• Indoor/ Household
• Outdoor

Key Players Covered:

Key players operating in the global stainless steel vacuum bottle market includes ZheJiang Haers Vacuum Containers Co., Ltd., Thermos L.L.C., Zojirushi Corporation, Pacific Market International, LLC, Peacock Vacuum Bottle Co. Ltd., Lock & Lock Co., Ltd., Tiger Corporation, SEB SA.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Stainless Steel Vacuum Bottle Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global stainless steel vacuum bottle market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.