Smart Water Bottle Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

 

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.

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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.
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