NEW YORK, United States, Sept. 30, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Smart Water Bottle Market Size, Share, Growth Analysis Report By Type (Polymer, Metal, Stainless Steel, Flexible Films, Glass, And Others), By Technology (Sensors And Lights), By Price Range (Low, Medium, And High), By Sales Channel (Offline And Online Retail), By Components (Hydration Tracking, Hardware, And In-Built), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” in its research database.
“According to the latest research study, the global smart water bottle market size was valued at about USD 36.94 million in 2022. The market is expected to grow at a CAGR of 18.71% and is anticipated to reach a value of USD 145.20 million by 2030.”
Smart Water Bottle Market Overview:
The smart water bottle is a technologically-enabled water bottle designed to assist individuals in monitoring and improving their hydration behaviors. These bottles are equipped with sophisticated features and technologies to provide real-time data and water consumption reminders. The smart water bottles are equipped with sensors that measure the amount of liquid consumed, synchronizing the data with mobile applications and enabling individuals to monitor their daily hydration levels.
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- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
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Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 36.94 Million |
| Market Forecast in 2030 | USD 145.20 Million |
| Growth Rate | CAGR of 18.71% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | HidrateSpark, HydraCoach, Thermos, MyHydrate, Moikit, Trago, Ozmo, ICE WATER, Aquagenie, Adheretech, Groking Lab Limited, Caktus Inc., Open-2 Llc., Out Of Galaxy Inc., and Others. |
| Segments Covered | By Type, By Technology, By Price Range, By Sales Channel, By Components, and Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key Insights from Primary Research
- Health-conscious millennials are proactive about their health. This age group prefers technology-enabled smart water bottles, which is helping the worldwide smart water bottle market grow.
- Based on the type, the polymer type segment is likely to dominate the global market.
- Based on the technology, the sensor segment is blooming at a high rate and is projected to dominate the global market.
- On the basis of price range, the mid-range segment is blooming at a high rate and is projected to dominate the global market.
- Based on the sales channel, the online distribution channel is gaining maximum traction among users in the market.
- On the basis of component, the hydration tracking segment is expected to observe a notable development in the global market.
- Based on region, North America is expected to dominate the global market during the forecast period.
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Smart Water Bottle Market: Growth Drivers
- Millennials are driving the growth of the global market
Health-conscious millennials are proactive about their health. This age group prefers technology-enabled smart water bottles, which is helping the worldwide smart water bottle market grow. These bottles track health data like hydration.
This age group is tech-savvy and comfortable, so they readily adopt connected products and smartphone apps. Smart water bottles are essential for athletes and fitness aficionados, and millennials are big sports fans. Thus, such an environment may spur industry growth in the next years.
Restraints
- High cost is expected to hamper the growth of the global market
Smart water bottles are more expensive than traditional Water bottles due to the adoption of advanced technology in the product. However, this cost barrier is a significant challenge for price-conscious customers, which is likely to restrain the growth of the smart water bottle industry.
Smart Water Bottle Market: Segmentation
The global smart water bottle market can be segmented into type, technology, price range, sales channel, components, and region.
By type, the market can be segmented into polymer, metal, stainless steel, flexible films, glass, and others. The polymer type segment accounts for the largest share of the smart water bottle industry. The polymer-based water bottles are more durable, affordable, and lightweight. By technology, the market can be segmented into sensors and lights. The sensor segment is likely to dominate the global smart water bottle market during the anticipated period.
By price range, the market can be segmented into low, medium, and high. The mid-range segment is predicted to dominate the market. The smart water bottle industry is still in its nascent stage. The developed countries are posing a huge demand for these smart water bottles, while on the other hand, there is a lack of awareness in the underdeveloped nations, which is likely to restrict the demand for the high-priced bottles in the market.
By sales channel, the market can be segmented into offline and online retail. The online distribution channel is gaining maximum traction among users in the market. By component, the market can be segmented into hydration tracking, hardware, and in-built. The hydration tracking segment is expected to observe a notable development in the smart water bottle industry in the forthcoming years.
Browse the full “Smart Water Bottle Market Size, Share, Growth Analysis Report By Type (Polymer, Metal, Stainless Steel, Flexible Films, Glass, And Others), By Technology (Sensors And Lights), By Price Range (Low, Medium, And High), By Sales Channel (Offline And Online Retail), By Components (Hydration Tracking, Hardware, And In-Built), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” Report at https://www.fnfresearch.com/smart-water-bottle-market
Regional Analysis:
- North America to dominate the global market in the coming period
North America is experiencing a high growth rate in the global smart water bottle market due to economic growth and product innovations. Moreover, the industry is largely driven by people's growing awareness of the importance of hydration. People in the region are currently adopting an eco-friendlier and healthier lifestyle, which is expected to generate a substantial demand for smart water bottles in the future years.
Startups and established companies are entering the North American market because of the presence of a larger customer base in the region. In addition, constant product innovations such as temperature control, smartphone connectivity, and hydration monitoring, among others, are likely to positively impact the regional market's growth trajectory.
Asia-Pacific is also anticipated to develop steadily in the coming years due to the region's increasing adoption of technology-enabled products. People's increasing disposable income is causing a rapid transformation in their lifestyle.
Competitive Players:
The report contains qualitative and quantitative research on the global Smart Water Bottle market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Smart Water Bottle market include;
- HidrateSpark
- HydraCoach
- Thermos
- MyHydrate
- Moikit
- Trago
- Ozmo
- ICE WATER
- Aquagenie
- Adheretech
- Groking Lab Limited
- Caktus Inc.
- Open-2 Llc.
- Out Of Galaxy Inc.
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The global Smart Water Bottle market is segmented as follows:
By Type Segment Analysis
- Polymer
- Metal
- Stainless Steel
- Flexible Films
- Glass
- Others
By Technology Segment Analysis
- Sensors
- Lights
By Price Range Segment Analysis
- Low
- Medium
- High
By Sales Channel Segment Analysis
- Offline
- Online Retail
By Components Segment Analysis
- Hydration Tracking
- Hardware
- In-Built
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Questions Answered in This Report:
- What is the market size and growth rate forecast for Smart Water Bottle industry?
- What are the main driving factors propelling the Smart Water Bottle Market forward?
- What are the leading companies in the Smart Water Bottle Industry?
- What segments does the Smart Water Bottle Market cover?
- How can I receive a free copy of the Smart Water Bottle Market sample report and company profiles?
Key Offerings:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
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