Smart
water bottle is a bottle which is used to update the consumer on the level of
hydration in the body. It collects and tracks different information from the
user such as weight, age etc. and tracks the time and amount of water intake by
the user. Further, based on the information collected, a smart water bottle
tracks the amount of water drunk by the user and automatically reminds the user
to drink the water before body gets dehydrated.
Smart
water bottle can detect the surrounding environment, such as the temperature
and whether it’s night or day time. The water bottle connects to the water app
that can sync with most major fitness trackers and can track things like daily
hydration habits.
Market Size and Forecast
The global
smart water bottle market is expected to grow at a CAGR of 15.2% over the
forecast period i.e. 2017-2024. Further,
smart water bottle market
is anticipated to reach USD 238 Million globally by 2024. The smart water
bottle is likely to witness high demand owing to the rising concerns among
people regarding fitness, weight loss and health. Moreover, rising per capita
income and increasing adoption of advanced technologies is anticipated to
foster the growth of smart water bottle market globally.
Geographically,
North America and Europe are the two largest markets for smart water bottles.
North America is the dominant market for smart water bottles and likely to grow
at a tremendous pace over the forecast period. Further, increasing concern
related to healthcare and inclination in fitness activities in this region is
envisioned to bolster the growth of smart water bottle market. U.S. is
anticipated to account for the highest market share in this region by the end
of 2024.
North
America region stood at first position in the total revenue of smart water
bottles market in 2016 followed by it, Europe and Asia-Pacific captured second
and third position in the same year. Europe secured the second largest market
share in smart water bottle market in the same year. Further, easy acceptance
of newer and advanced technology in this region is expected to flourish the
growth of smart water bottle market.
Asia-pacific region is expected to witness a stupendous growth over the
forecast period owing to rising disposable income of the population in this
region. Further, China, India, and Japan are envisioned to capture the largest
market share during the forecast period.
Market Segmentation
Our
in-depth analysis segmented the global smart water bottle market in the
following segments:
By
Technology
·
Inbuilt
smart water bottle
·
Hardware
smart water bottle
By
Distribution Channel
·
Online
store
·
Offline
store
By Region
Global
smart water bottle market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest
of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East and
Africa) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Growing
healthcare awareness and increasing per capita income across the globe have
increased the demand for smart water bottle among health conscious consumers.
Rapid
urbanization is leading to more health and fitness conscious consumers which
are anticipated to impel the growth of the smart water bottle market. Further,
early adoption of new technology and high purchasing power of consumers in
developed nations is envisioned to bolster the smart water bottle market.
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Moreover,
rising disposable income and upgradation in the living standard of people is
anticipated to be the dynamic factor behind the growth of smart water bottle
market. In addition, this growth is attributed towards enhanced customer
experience and technological advancement in fitness related products. This
factor is likely to drive the growth of global smart water bottle market.
However,
limited battery life of smart water bottles is expected to dampen to growth of
global smart water bottle market. Moreover, high cost associated with smart water
bottles is expected to hinder the growth of this market.
Key players
The major
key players for smart water bottle market are as follows
·
Adheretech
Inc.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Thermos
L.L.C.
·
Hidrate
Inc.
·
Spritz
·
Myhydrate
·
Kuvee
·
Sippo
·
Trago
·
Hydrasmart
·
Ecomo
Inc.
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
smart water bottle market is segmented as follows:
·
By
Technology Market Size & Y-O-Y Growth Analysis
·
By
Distribution Channel Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know more about this research,
kindly visit: http://www.researchnester.com/reports/smart-water-bottle-market-global-demand-analysis-opportunity-outlook-2024/341
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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