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Smart Water Bottle Overview
Smart Water Bottle Market size is forecast to reach $30.6 million by 2026, after growing at a CAGR of 17.3% during 2021-2026. The growing health consciousness among youth and adults and the rising acknowledgement about hydration tech is enhancing the smart bottle market. Also, the increasing demand for fitness trackers, gym accessory and so on has enticed the development of smart water bottle with wireless technology that is boosting the smart water bottle industry. Furthermore, the growing awareness for ample water consumption among people of different age groups is anticipated to propel the Smart Water Bottle Market growth during the forecast period.
Report Coverage
The report: “Smart Water Bottle Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart Water Bottle Market.
By Platform: In Built Hardware, Hydration Tracking Applications.
By Type: Metal, Polymer and Others.
By Distribution Channel: Online, Offline.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Russia and Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and Others), South America (Brazil, Argentina, Chile, Colombia and Others) and RoW (Middle East, Africa).
Key Takeaways
- North America dominates the Smart Water Bottle Market owing to increasing rise in adoption of smart wearable technology and rising awareness for healthier water consumption habits among youth and adults
- The introduction of artificial intelligence and the Internet of Things (IoT) is also playing a key role in the development of mobile applications that offers information to smart water bottle users regarding their hydration level and intervals of water intake.
- Growing number of fitness enthusiasts along with the use of emerging technology for connecting smart wearable devices, and smartphones to the gym accessories in order to track their performance and fitness activity will become the major factor that will fuel the growth of the Smart Water Bottle Market
- The major drawback is the battery life of the smart water bottle that hinders the growth of the Smart Water Bottle Market.
Smart Water Bottle Market Segment Analysis - By Type of Component
Hydration tracking apps segment holds the largest share in the Smart Water Bottle Market in 2020 at 62.3%. Majority of the interactive bottle manufacturers are providing their users with accurate information about their daily water intake and allowing them to set personalized hydration goals. As hydration technology has become the central for the youth and adults, the apps are becoming personal systems to help users achieve daily targets.
Furthermore, the in-built hardware technology is also playing a key role in enhancing the use of smart water bottle. This technology mainly comprises of smart caps or smart lids containing sensors, liquid thermometer, LEDs, sensor bands and so on that enables the smart water bottle to record the amount of water consumed by the user and also indicates the quantity of water remaining in the bottle. However, the increasing need for healthy lifestyle and rising awareness towards the consumption of more water will lead to the increasing adoption of smart water bottles.
Smart Water Bottle Market Segment Analysis - By Distribution Channel
The majority of the sales occurs through online distribution channel, as smart water bottles currently don’t have high availability in retail stores and other offline stores. Furthermore, the online distribution channel is forecasted to grow at a CAGR of 8.9% through 2026. The online distribution channel is commonly being preferred by customers. Thus, the increasing sales by e-commerce platforms and the easy payments provided by online sales channel will boost the market for smart water bottle as fitness trackers and gym accessories. Another interesting development is the partnership of smart water bottle manufacturers with electronics stores rather than consumer stores. These products are being advertised and sold alongside smart devices rather than water bottles showcasing the marketing is focused more on the smart technology.
Smart Water Bottle Market Segment Analysis – By Geography
North America dominated the Smart Water Bottle Market with a share of more than 35%, followed by APAC and Europe. The growing need for advanced fitness tracking systems and the increasing purchasing power of customers are propelling the growth of the Smart Water Bottle Market in this region. Moreover, the increasing consumer interest towards health clubs and the usage of technology embedded gym accessories and fitness trackers are also leading to the major factors that is fueling the market growth in North America. According to IHRSA, in 2018, the health club market size of the U.S. alone was valued at $32.3 billion. Increasing obesity rates among the population and changing lifestyle of the consumers are also triggering the Smart Water Bottle Market share in this region. Additionally, the rising usage of smart wearable technology is another key factor for the growth of Smart Water Bottle Market in North America.
Smart Water Bottle Market, By Component, 2020 (%)
Smart Water Bottle Market Drivers
Increasing Health Awareness
The rapid changing lifestyle of the consumers is leading to the increasing awareness towards health. The increasing consciousness towards health by both youth and the adult is leading to the rising need for Smart Water Bottle Market. The use of smart bottle as a gym accessory is also regarded as the major driver that is influencing the requirement of smart bottle in gym and sports club. Additionally, according to International Health, Racquet, and Sports club Association (IHRSA), the global health industry generated a revenue of $94 billion in 2018. As, the consumers are continuing to place high value on health and are widely investing in clubs and services for maintaining fitness will further boost the Smart Water Bottle Market
Introduction of Emerging Technology
The increasing number of fitness enthusiasts is leading to the increased adoption of emerging technology such as the use of wearable device, fitness trackers, smart bands, hydrating tracking applications and so on. The introduction AI along with internet of things is also playing a key role in providing mobile apps that provides information to the smart water bottle users regarding their hydration level. The smart water bottle can connect to any mobile device through Bluetooth or internet and is easily accessible from any location. Furthermore, the use of sensor technology is also highly gaining traction and will further drive the Smart Water Bottle Market.
Smart Water Bottle Market Challenges
High cost & Battery Life
The high cost of smart water bottle is the major challenge that is affecting the growth of the market. As, smart water bottle are in-built with sensor technology and also includes major technical functions such as information about the hydration level to the user and are connected with mobile apps which leads to the increase in cost. Moreover, the average battery life of smart water bottle is 6 months and significantly gets shortened due to alerts or time taken while connecting it to any mobile app that further leads to inaccuracy. Thus, the shortening of battery life is also regarded as the key factor that dampens the growth of the Smart Water Bottle Market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Smart Water Bottle Market. In 2019, the market of smart water bottle has been consolidated by the top ten players - Adheretech Inc., Thermos L.L.C., Hidrate Inc., Caktus, Inc., Ecomo, Groking Lab Limited, Hydracoach, Inc., Moikit, Open-2, LLC, and Lifefuels, Inc.
Acquisitions/Technology Launches
- In March 2021 BOttel, an Australian brand has created a smart water bottle featuring a glowing flash light to remind you when to drink. Botell - dubbed as the 'next generation' of water bottles - can keep track of how much more water you need to drink throughout the day to stay hydrated.
- In September 2019, Lifefuels, a beverage technology company announced the launch of smart nutrition bottle. This new smart nutrition bottle includes three part systems such as a sleek, smart water bottle and flavorful and nutritious multi-serve FuelPods. Smart nutrition bottle also includes an app for tracking both hydration and nutrition in the user. Thus, the launch of this new product will gather more traction from the users which will propel the Smart Water Bottle Market.
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1. Smart Water Bottle Market - Overview
1.1 Definitions and Scope
2. Smart Water Bottle Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Smart Water Bottle Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Smart Water Bottle Market - Startup companies Scenario Premium Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Smart Water Bottle Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Smart Water Bottle Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Smart Water Bottle Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Smart Water Bottle Market - By Component (Market Size -$Million / $Billion)
8.1 In-built
8.2 Hardware
8.3 Hydration Tracking Apps
9. Smart Water Bottle Market - By Type (Market Size -$Million / $Billion)
9.1 Metal
9.2 Polymer
9.3 Other
10. Smart Water Bottle - By Distribution Channel (Market Size -$Million / $Billion)
10.1 Online
10.2 Offline
11. Smart Water Bottle- By Geography (Market Size -$Million / $Billion)
11.1 Smart Water Bottle Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.3 Smart Water Bottle- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Chile
11.4.5.3 Argentina
11.4.5.4 Colombia
11.4.5.5 Rest of South America
11.5 Smart Water Bottle- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Russia
11.6.5.7 Spain
11.6.5.8 Rest of Europe
11.7 Smart Water Bottle - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Indonesia
11.8.5.7 Malaysia
11.8.5.8 Rest of APAC
11.9 Smart Water Bottle - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.6 Africa Segment Analysis
12. Smart Water Bottle Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Smart Water Bottle Market - Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Smart Water Bottle Market - Key Company List by Country Premium Premium
15. Smart Water Bottle Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Caktus, Inc
15.3 Ecomo
15.4 Groking Lab Limited
15.5 Hidrate Inc
15.6 Hydracoach, Inc
15.7 Moikit
15.8 Open-2, Llc
15.9 Out Of Galaxy, Inc
15.10 Thermosl L C
15.11 Trago,Inc
LIST OF TABLES
1.Global Competitive Landscape Market 2023-2030 ($M)1.1 Caktus, Inc Market 2023-2030 ($M) - Global Industry Research
1.2 Ecomo Market 2023-2030 ($M) - Global Industry Research
1.3 Groking Lab Limited Market 2023-2030 ($M) - Global Industry Research
1.4 Hidrate Inc Market 2023-2030 ($M) - Global Industry Research
1.5 Hydracoach, Inc Market 2023-2030 ($M) - Global Industry Research
1.6 Moikit Market 2023-2030 ($M) - Global Industry Research
1.7 Open-2, Llc Market 2023-2030 ($M) - Global Industry Research
1.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Global Industry Research
1.9 Thermosl L C Market 2023-2030 ($M) - Global Industry Research
1.10 Trago,Inc Market 2023-2030 ($M) - Global Industry Research
1.11 List Of Market Player Market 2023-2030 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2023-2030 (Volume/Units)
2.1 Caktus, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Ecomo Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Groking Lab Limited Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Hidrate Inc Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Hydracoach, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
2.6 Moikit Market 2023-2030 (Volume/Units) - Global Industry Research
2.7 Open-2, Llc Market 2023-2030 (Volume/Units) - Global Industry Research
2.8 Out Of Galaxy, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
2.9 Thermosl L C Market 2023-2030 (Volume/Units) - Global Industry Research
2.10 Trago,Inc Market 2023-2030 (Volume/Units) - Global Industry Research
2.11 List Of Market Player Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Competitive Landscape Market 2023-2030 ($M)
3.1 Caktus, Inc Market 2023-2030 ($M) - Regional Industry Research
3.2 Ecomo Market 2023-2030 ($M) - Regional Industry Research
3.3 Groking Lab Limited Market 2023-2030 ($M) - Regional Industry Research
3.4 Hidrate Inc Market 2023-2030 ($M) - Regional Industry Research
3.5 Hydracoach, Inc Market 2023-2030 ($M) - Regional Industry Research
3.6 Moikit Market 2023-2030 ($M) - Regional Industry Research
3.7 Open-2, Llc Market 2023-2030 ($M) - Regional Industry Research
3.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Regional Industry Research
3.9 Thermosl L C Market 2023-2030 ($M) - Regional Industry Research
3.10 Trago,Inc Market 2023-2030 ($M) - Regional Industry Research
3.11 List Of Market Player Market 2023-2030 ($M) - Regional Industry Research
4.South America Competitive Landscape Market 2023-2030 ($M)
4.1 Caktus, Inc Market 2023-2030 ($M) - Regional Industry Research
4.2 Ecomo Market 2023-2030 ($M) - Regional Industry Research
4.3 Groking Lab Limited Market 2023-2030 ($M) - Regional Industry Research
4.4 Hidrate Inc Market 2023-2030 ($M) - Regional Industry Research
4.5 Hydracoach, Inc Market 2023-2030 ($M) - Regional Industry Research
4.6 Moikit Market 2023-2030 ($M) - Regional Industry Research
4.7 Open-2, Llc Market 2023-2030 ($M) - Regional Industry Research
4.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Regional Industry Research
4.9 Thermosl L C Market 2023-2030 ($M) - Regional Industry Research
4.10 Trago,Inc Market 2023-2030 ($M) - Regional Industry Research
4.11 List Of Market Player Market 2023-2030 ($M) - Regional Industry Research
5.Europe Competitive Landscape Market 2023-2030 ($M)
5.1 Caktus, Inc Market 2023-2030 ($M) - Regional Industry Research
5.2 Ecomo Market 2023-2030 ($M) - Regional Industry Research
5.3 Groking Lab Limited Market 2023-2030 ($M) - Regional Industry Research
5.4 Hidrate Inc Market 2023-2030 ($M) - Regional Industry Research
5.5 Hydracoach, Inc Market 2023-2030 ($M) - Regional Industry Research
5.6 Moikit Market 2023-2030 ($M) - Regional Industry Research
5.7 Open-2, Llc Market 2023-2030 ($M) - Regional Industry Research
5.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Regional Industry Research
5.9 Thermosl L C Market 2023-2030 ($M) - Regional Industry Research
5.10 Trago,Inc Market 2023-2030 ($M) - Regional Industry Research
5.11 List Of Market Player Market 2023-2030 ($M) - Regional Industry Research
6.APAC Competitive Landscape Market 2023-2030 ($M)
6.1 Caktus, Inc Market 2023-2030 ($M) - Regional Industry Research
6.2 Ecomo Market 2023-2030 ($M) - Regional Industry Research
6.3 Groking Lab Limited Market 2023-2030 ($M) - Regional Industry Research
6.4 Hidrate Inc Market 2023-2030 ($M) - Regional Industry Research
6.5 Hydracoach, Inc Market 2023-2030 ($M) - Regional Industry Research
6.6 Moikit Market 2023-2030 ($M) - Regional Industry Research
6.7 Open-2, Llc Market 2023-2030 ($M) - Regional Industry Research
6.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Regional Industry Research
6.9 Thermosl L C Market 2023-2030 ($M) - Regional Industry Research
6.10 Trago,Inc Market 2023-2030 ($M) - Regional Industry Research
6.11 List Of Market Player Market 2023-2030 ($M) - Regional Industry Research
7.MENA Competitive Landscape Market 2023-2030 ($M)
7.1 Caktus, Inc Market 2023-2030 ($M) - Regional Industry Research
7.2 Ecomo Market 2023-2030 ($M) - Regional Industry Research
7.3 Groking Lab Limited Market 2023-2030 ($M) - Regional Industry Research
7.4 Hidrate Inc Market 2023-2030 ($M) - Regional Industry Research
7.5 Hydracoach, Inc Market 2023-2030 ($M) - Regional Industry Research
7.6 Moikit Market 2023-2030 ($M) - Regional Industry Research
7.7 Open-2, Llc Market 2023-2030 ($M) - Regional Industry Research
7.8 Out Of Galaxy, Inc Market 2023-2030 ($M) - Regional Industry Research
7.9 Thermosl L C Market 2023-2030 ($M) - Regional Industry Research
7.10 Trago,Inc Market 2023-2030 ($M) - Regional Industry Research
7.11 List Of Market Player Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Smart Water Bottle Market Revenue, 2023-2030 ($M)2.Canada Smart Water Bottle Market Revenue, 2023-2030 ($M)
3.Mexico Smart Water Bottle Market Revenue, 2023-2030 ($M)
4.Brazil Smart Water Bottle Market Revenue, 2023-2030 ($M)
5.Argentina Smart Water Bottle Market Revenue, 2023-2030 ($M)
6.Peru Smart Water Bottle Market Revenue, 2023-2030 ($M)
7.Colombia Smart Water Bottle Market Revenue, 2023-2030 ($M)
8.Chile Smart Water Bottle Market Revenue, 2023-2030 ($M)
9.Rest of South America Smart Water Bottle Market Revenue, 2023-2030 ($M)
10.UK Smart Water Bottle Market Revenue, 2023-2030 ($M)
11.Germany Smart Water Bottle Market Revenue, 2023-2030 ($M)
12.France Smart Water Bottle Market Revenue, 2023-2030 ($M)
13.Italy Smart Water Bottle Market Revenue, 2023-2030 ($M)
14.Spain Smart Water Bottle Market Revenue, 2023-2030 ($M)
15.Rest of Europe Smart Water Bottle Market Revenue, 2023-2030 ($M)
16.China Smart Water Bottle Market Revenue, 2023-2030 ($M)
17.India Smart Water Bottle Market Revenue, 2023-2030 ($M)
18.Japan Smart Water Bottle Market Revenue, 2023-2030 ($M)
19.South Korea Smart Water Bottle Market Revenue, 2023-2030 ($M)
20.South Africa Smart Water Bottle Market Revenue, 2023-2030 ($M)
21.North America Smart Water Bottle By Application
22.South America Smart Water Bottle By Application
23.Europe Smart Water Bottle By Application
24.APAC Smart Water Bottle By Application
25.MENA Smart Water Bottle By Application