Overview:

The global smart water 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. Bottles that track your water intake and water quality using advanced sensors are called as smart water bottles. These bottles are connected to your phone preferably via Bluetooth to function and store the data. The smart water bottle comes with various features for example, to remind the person to drink the water these bottles either glow or send a hepatic vibration.

Market Dynamics:

One out of five people do not drink adequate water on daily basis, also drinking adequate water plays a crucial part in maintain health of any individual as body consist of over 60% water. Thus, rising demand smart water bottles from health conscious individuals is driving growth of the global smart water bottle market. In addition, increasing number of various sport players across the globe is another factor expected to further fuel growth of the target market to a significant extent during the forecast period.

Internet of things has led to increased adoption of connected devices and mobile applications providing real time data of user regarding step count, hydration level, water intake time etc. This is another factor further driving growth of the target market. However, higher cost and availability of free health monitoring applications are factors expected to hamper the target market growth to a certain extent over the forecast period.

Key Trends:

Rising focus on product launches by key players is a key trend observed in the global smart water bottle market. For instance, in June 2020, HidrateSpark launched product viz. HidrateSpark STEEL. The bottle has a steel casing and come up with glowing and tracking features.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is accounted for highest share in terms of revenue in the smart water bottle market. Rising number of individuals focusing on health and fitness and rising disposable income of individuals are key factors driving growth of the smart water bottle market in the region. The market in Europe is expected to witness significant growth rate during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Smart Water Bottle Market, By Type:

• Metal
• Polymer
• Others

Global Smart Water Bottle Market, By Component:

• Hardware
• Software

Global Smart Water Bottle Market, By Distribution Channel:

• Online
• Offline

Key Players Covered:

Key players operating in the market includes, Caktus, Inc., Ecomo Inc., Hidrate Inc., HydraCoach, Inc., Open-2, LLC., Out of Galaxy, Inc., Thermos L.L.C., Trago, Inc., Groking Lab Limited, and Moikit.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Smart Water Bottle Market by type, component, distribution channel, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 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 smart water 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, ongoing trends, market expansion, and marketing tactics used overall the globe.